Bailard Inc. acquired a new position in HC2 Holdings Inc (NYSE:HCHC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 154,600 shares of the technology company’s stock, valued at approximately $408,000. Bailard Inc. owned approximately 0.35% of HC2 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Beacon Pointe Wealth Advisors LLC purchased a new stake in shares of HC2 in the 4th quarter worth $27,000. Clear Harbor Asset Management LLC increased its stake in shares of HC2 by 42.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 35,500 shares of the technology company’s stock worth $189,000 after purchasing an additional 10,500 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of HC2 by 14.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 87,819 shares of the technology company’s stock worth $514,000 after purchasing an additional 11,019 shares in the last quarter. B. Riley Wealth Management Inc. purchased a new stake in shares of HC2 in the 3rd quarter worth $77,000. Finally, Gabelli Funds LLC increased its stake in shares of HC2 by 4.7% in the 4th quarter. Gabelli Funds LLC now owns 286,310 shares of the technology company’s stock worth $756,000 after purchasing an additional 12,800 shares in the last quarter. Hedge funds and other institutional investors own 57.17% of the company’s stock.
Shares of HCHC stock opened at $3.32 on Thursday. HC2 Holdings Inc has a 52-week low of $2.31 and a 52-week high of $7.79. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $149.10 million, a price-to-earnings ratio of -3.35 and a beta of 1.78.
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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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