HC2 Holdings Inc (NYSE:HCHC) saw some unusual options trading activity on Wednesday. Investors acquired 760 call options on the stock. This represents an increase of 816% compared to the typical volume of 83 call options.

HCHC has been the subject of several recent analyst reports. B. Riley set a $10.00 target price on shares of HC2 and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded shares of HC2 from a “hold” rating to a “sell” rating in a research note on Monday, November 13th.

Shares of HC2 (NYSE HCHC) opened at $5.15 on Friday. The firm has a market cap of $222.59, a P/E ratio of -2.00 and a beta of 0.67. HC2 has a one year low of $4.30 and a one year high of $6.71. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 6.06.

HC2 (NYSE:HCHC) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.07). The firm had revenue of $406.40 million during the quarter, compared to analyst estimates of $428.04 million. HC2 had a negative net margin of 6.13% and a negative return on equity of 67.69%. HC2’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) earnings per share. equities research analysts anticipate that HC2 will post -1.11 EPS for the current year.

In other HC2 news, insider Suzi R. Herbst sold 5,303 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $4.99, for a total value of $26,461.97. Following the completion of the sale, the insider now directly owns 27,493 shares in the company, valued at $137,190.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in HCHC. BlackRock Inc. lifted its stake in shares of HC2 by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,948,250 shares of the technology company’s stock worth $11,591,000 after buying an additional 23,602 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of HC2 by 51.2% during the third quarter. JPMorgan Chase & Co. now owns 1,574,500 shares of the technology company’s stock worth $8,455,000 after buying an additional 533,100 shares during the period. Vanguard Group Inc. lifted its stake in shares of HC2 by 10.3% during the second quarter. Vanguard Group Inc. now owns 1,504,558 shares of the technology company’s stock worth $8,847,000 after buying an additional 140,747 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of HC2 by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,035,407 shares of the technology company’s stock worth $6,088,000 after buying an additional 7,423 shares during the period. Finally, Benefit Street Partners LLC lifted its stake in shares of HC2 by 28.7% during the second quarter. Benefit Street Partners LLC now owns 787,821 shares of the technology company’s stock worth $4,632,000 after buying an additional 175,752 shares during the period. Institutional investors own 60.31% of the company’s stock.

WARNING: This story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/02/10/hc2-sees-unusually-high-options-volume-hchc.html.

HC2 Company Profile

HC2 Holdings, Inc engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses in the United States, the United Kingdom, and internationally. The company fabricates and erects structural steel for commercial and industrial construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.

Receive News & Ratings for HC2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HC2 and related companies with MarketBeat.com's FREE daily email newsletter.