Ownership Action To Observe: Do Institutional Investors Love HC2 Holdings (NYSEMKT:HCHC)?

November 16, 2016 - By Ellis Scott   ·   0 Comments

Ownership Action To Observe: Do Institutional Investors Love HC2 Holdings (NYSEMKT:HCHC)?

Sentiment for HC2 Holdings (NYSEMKT:HCHC)

HC2 Holdings (NYSEMKT:HCHC) institutional sentiment increased to 2.06 in Q2 2016. Its up 0.51, from 1.55 in 2016Q1. The ratio increased, as 37 funds increased and opened new holdings, while 18 cut down and sold positions in HC2 Holdings. The funds in our partner’s database now possess: 22.26 million shares, up from 21.98 million shares in 2016Q1. Also, the number of funds holding HC2 Holdings in their top 10 holdings increased from 3 to 4 for an increase of 1. Sold All: 9 Reduced: 9 Increased: 26 New Position: 11.

HC2 Holdings, Inc. is a holding company. The company has a market cap of $191.93 million. The Firm operates through seven divisions: Manufacturing , Marine Services (GMSL), Insurance, Telecommunications (PTGi-ICS), Utilities, Life Sciences and Other. It currently has negative earnings. Schuff fabricates and erects structural steel for commercial and industrial construction projects, such as high- and low-rise buildings and office complexes, hospitals, dams, bridges, mines and power plants.

About 221,081 shares traded hands. HC2 Holdings Inc (NYSEMKT:HCHC) has risen 30.42% since April 14, 2016 and is uptrending. It has outperformed by 25.74% the S&P500.

According to Zacks Investment Research, “HC2 Holdings Inc. is an integrated facilities-based communications services provider. The Company offers international and domestic voice, voice-over-Internet protocol (VOIP), Internet, wireless, data and hosting services to business and residential retail customers and other carriers located in North America, Australia, and Europe. HC2 Holdings, Inc., formerly known as PTGi Holding Inc., is headquartered in Herndon, Virginia.”

Dg Capital Management Llc holds 4.58% of its portfolio in HC2 Holdings Inc for 470,509 shares. Wingspan Investment Management Lp owns 1.46 million shares or 4.21% of their US portfolio. Moreover, Mittleman Brothers Llc has 3.17% invested in the company for 1.64 million shares. The New Jersey-based Raging Capital Management Llc has invested 1.8% in the stock. Steel Partners Holdings L.P., a New York-based fund reported 1.00 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 4 buys, and 0 insider sales for $318,698 net activity.

HCHC Company Profile

HC2 Holdings, Inc., incorporated on February 4, 1994, is a holding company. The Firm operates through seven divisions: Manufacturing, Marine Services, Insurance, Telecommunications, Utilities, Life Sciences and Other. The Company’s subsidiaries include Schuff International, Inc. (Schuff), which is a structural steel fabricator and erector in the United States; Global Marine Systems Limited (GMSL), a well-known provider of engineering and underwater services on submarine cables; Continental Insurance Inc., a platform for its run-off long-term care business, through its two insurance companies, United Teacher Associates Insurance Company (UTA) and Continental General Insurance Company (CGI); PTGi-International Carrier Services (PTGi-ICS), a well-known provider of Internet protocol and time-division multiplexing (TDM) access and transport of long distance voice minutes; American Natural Gas (ANG), a compressed natural gas fueling company, and Pansend Life Sciences, Ltd. (Pansend), which is focused on supporting healthcare and biotechnology product development. The Company’s geographical divisions are the United States and the United Kingdom.

Another recent and important HC2 Holdings Inc (NYSEMKT:HCHC) news was published by Toledoblade.com which published an article titled: “The Andersons rejects $1B bid from N.Y. firm” on May 18, 2016.

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By Ellis Scott


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