KeyCorp began coverage on shares of Houston Wire & Cable Co. (NASDAQ:HWCC) in a research note issued to investors on Wednesday. The firm issued a sector weight rating on the stock.

Separately, Zacks Investment Research lowered Houston Wire & Cable Co. from a buy rating to a hold rating in a report on Friday, November 11th.

Houston Wire & Cable Co. (NASDAQ:HWCC) opened at 6.10 on Wednesday. Houston Wire & Cable Co. has a 52-week low of $4.79 and a 52-week high of $7.71. The company’s 50-day moving average price is $5.60 and its 200 day moving average price is $5.65. The stock’s market capitalization is $99.92 million.

Houston Wire & Cable Co. (NASDAQ:HWCC) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.06. Houston Wire & Cable Co. had a negative net margin of 1.67% and a negative return on equity of 1.94%. The business had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $64.32 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. On average, equities research analysts predict that Houston Wire & Cable Co. will post ($0.15) earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in HWCC. Acadian Asset Management LLC increased its position in Houston Wire & Cable Co. by 13.3% in the second quarter. Acadian Asset Management LLC now owns 86,318 shares of the company’s stock valued at $454,000 after buying an additional 10,145 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its position in Houston Wire & Cable Co. by 35.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,058,204 shares of the company’s stock valued at $5,555,000 after buying an additional 275,710 shares during the last quarter. Bank of New York Mellon Corp increased its position in Houston Wire & Cable Co. by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 273,384 shares of the company’s stock valued at $1,435,000 after buying an additional 5,770 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Houston Wire & Cable Co. during the second quarter valued at about $320,000. Finally, Isthmus Partners LLC increased its position in Houston Wire & Cable Co. by 1.6% in the second quarter. Isthmus Partners LLC now owns 74,757 shares of the company’s stock valued at $392,000 after buying an additional 1,212 shares during the last quarter. 70.45% of the stock is currently owned by hedge funds and other institutional investors.

About Houston Wire & Cable Co.

Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.

5 Day Chart for NASDAQ:HWCC

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