HC2 (HCHC) Earning Positive News Coverage, Study Finds

Media coverage about HC2 (NYSE:HCHC) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. HC2 earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2363855274059 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research firms have weighed in on HCHC. B. Riley set a $10.00 price target on shares of HC2 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of HC2 from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.

HC2 (NYSE HCHC) remained flat at $$6.45 on Monday. 187,700 shares of the company’s stock were exchanged, compared to its average volume of 128,556. The firm has a market capitalization of $277.70, a price-to-earnings ratio of -2.51 and a beta of 0.66. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.34 and a current ratio of 1.34. HC2 has a 12-month low of $4.30 and a 12-month high of $7.27.

HC2 (NYSE:HCHC) last announced its quarterly earnings data 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 company had revenue of $406.40 million for the quarter, compared to analyst estimates of $428.04 million. HC2 had a negative return on equity of 67.69% and a negative net margin of 6.13%. HC2’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) earnings per share. sell-side analysts anticipate that HC2 will post -1.11 earnings per share for the current year.

In other news, insider Suzi R. Herbst sold 5,303 shares of the business’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert V. Leffler, Jr. sold 20,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 19,779 shares in the company, valued at approximately $98,895. The disclosure for this sale can be found here. Company insiders own 16.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for HC2 (NYSE:HCHC)

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