HC2 (NYSE:HCHC) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Zacks Investment Research upgraded HC2 from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th.

Shares of HCHC opened at $6.03 on Friday. HC2 has a 12-month low of $4.78 and a 12-month high of $7.79. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $271.38 million, a P/E ratio of -6.09 and a beta of 0.97.

HC2 (NYSE:HCHC) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.24). HC2 had a net margin of 0.32% and a negative return on equity of 51.25%. The firm had revenue of $496.78 million for the quarter, compared to the consensus estimate of $454.23 million. analysts anticipate that HC2 will post -2.22 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of HC2 by 15.2% in the 2nd quarter. BlackRock Inc. now owns 2,246,847 shares of the technology company’s stock valued at $13,144,000 after purchasing an additional 296,743 shares during the period. B. Riley Financial Inc. grew its stake in shares of HC2 by 29.1% in the 2nd quarter. B. Riley Financial Inc. now owns 1,807,157 shares of the technology company’s stock valued at $10,571,000 after purchasing an additional 407,156 shares during the period. Renaissance Technologies LLC grew its stake in shares of HC2 by 51.9% in the 2nd quarter. Renaissance Technologies LLC now owns 439,800 shares of the technology company’s stock valued at $2,573,000 after purchasing an additional 150,200 shares during the period. Ardsley Advisory Partners grew its stake in shares of HC2 by 105.0% in the 2nd quarter. Ardsley Advisory Partners now owns 410,000 shares of the technology company’s stock valued at $2,403,000 after purchasing an additional 210,000 shares during the period. Finally, Roumell Asset Management LLC grew its stake in shares of HC2 by 600.2% in the 2nd quarter. Roumell Asset Management LLC now owns 295,255 shares of the technology company’s stock valued at $1,727,000 after purchasing an additional 253,088 shares during the period. Institutional investors own 58.25% of the company’s stock.

HC2 Company Profile

HC2 Holdings, Inc engages in the construction, marine services, energy, telecommunications, insurance, 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.

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