NYSE:HCHCHC2 Stock Price, Forecast & News

$2.64

-0.16 (-5.71 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$2.61

Now: $2.64▼

$2.82

50-Day Range

$2.00

MA: $2.60▼

$3.19

52-Week Range

$1.29

Now: $2.64▼

$4.33

Volume355,320 shs

Average Volume295,976 shs

Market Capitalization$122.89 million

P/E RatioN/A

Dividend YieldN/A

Beta2.31

HC2 Holdings, Inc. provides construction, marine services, energy, telecommunications, insurance, life sciences, broadcasting, and other services in the United States, the United Kingdom, and internationally. The company models, details, fabricates, and erects structural steel for commercial and industrial, and infrastructure construction projects, including building and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants. It also fabricates trusses and girders; and fabricates and erects water pipes, water storage tanks, pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. In addition, the company offers subsea cable installation and maintenance services for the telecommunications sector; installation, maintenance, and repair services for fiber optic communication and power infrastructure to offshore oil and gas platforms; and installation services for inter-array power cables for use in offshore wind farms. Further, it distributes natural gas motor fuels; designs, builds, owns, acquires, operates, and maintains compressed natural gas fueling stations for transportation vehicles; and provides voice communication services for national telecommunications, mobile, prepaid, and voice over Internet protocol service operators, as well as wholesale carriers and Internet service providers. Additionally, the company offers long-term care, life, annuity, and other accident and health coverage; focuses on developing products for early osteoarthritis of the knee, as well as skin lightening technology; and acquires and operates Over-The-Air broadcasting stations and Azteca America, a Spanish-language broadcast network. The company was formerly known as PTGi Holding Inc. and changed its name to HC2 Holdings, Inc. in April 2014. HC2 Holdings, Inc. was founded in 1994 and is headquartered in New York, New York.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
HC2 has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.50, HC2 has a potential upside of 222.0% from its current price of $2.64.
Amount of Analyst Coverage
HC2 has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
HC2 has received 267 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
HC2 has received 220 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
HC2 has received 54.83% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about HC2 and other stocks. Vote “Outperform” if you believe HCHC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HCHC will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
HC2 does not currently pay a dividend.
Dividend Growth
HC2 does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HC2 insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 17.70% of the stock of HC2 is held by insiders.
Percentage Held by Institutions
39.11% of the stock of HC2 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for HC2 are expected to grow in the coming year, from ($1.94) to ($1.25) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HC2 is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of HC2 is -1.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
HC2 has a P/B Ratio of 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fabricated structural metal products

Sub-IndustryN/A

SectorMulti-Sector Conglomerates

Current SymbolNYSE:HCHC

Previous SymbolNASDAQ:HCHC

CUSIPN/A

CIK1006837

Webwww.hc2.com

Phone212-235-2690

Debt

Debt-to-Equity Ratio11.34

Current Ratio1.56

Quick Ratio1.56

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.98 billion

Price / Sales0.06

Cash Flow$1.42 per share

Price / Cash Flow1.86

Book Value$1.30 per share

Price / Book2.03

Profitability

EPS (Most Recent Fiscal Year)$0.09

Net Income$-31,500,000.00

Net Margins-5.77%

Return on Equity-8.10%

Return on Assets-0.43%

Miscellaneous

Employees3,728

Outstanding Shares46,550,000

Market Cap$122.89 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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HC2 (NYSE:HCHC) Frequently Asked Questions

How has HC2's stock been impacted by COVID-19 (Coronavirus)?

HC2's stock was trading at $2.80 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HCHC shares have decreased by 5.7% and is now trading at $2.64. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of HC2?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HC2 in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for HC2.

When is HC2's next earnings date?

HC2 is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for HC2.

How were HC2's earnings last quarter?

HC2 Holdings Inc (NYSE:HCHC) announced its earnings results on Monday, May, 11th. The technology company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.49) by $0.36. The technology company had revenue of $444.80 million for the quarter, compared to the consensus estimate of $461.13 million. HC2 had a negative net margin of 5.77% and a negative return on equity of 8.10%. View HC2's earnings history.

What price target have analysts set for HCHC?

1 analysts have issued twelve-month price targets for HC2's shares. Their forecasts range from $8.50 to $8.50. On average, they anticipate HC2's stock price to reach $8.50 in the next twelve months. This suggests a possible upside of 222.0% from the stock's current price. View analysts' price targets for HC2.

Has HC2 been receiving favorable news coverage?

News coverage about HCHC stock has trended very negative this week, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. HC2 earned a coverage optimism score of -3.4 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutHC2.

Are investors shorting HC2?

HC2 saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 3,360,000 shares, a drop of 16.2% from the April 15th total of 4,010,000 shares. Based on an average daily volume of 449,700 shares, the days-to-cover ratio is currently 7.5 days. Currently, 8.7% of the shares of the stock are sold short. View HC2's Current Options Chain.

Who are some of HC2's key competitors?

Some companies that are related to HC2 include Standard Diversified Inc Class A (NYSEAMERICAN) (SDI), Lydall (LDL), KushCo (KSHB), Steel Partners (SPLP), LSB Industries (LXU), PHI Group (PHIL), CHINA MERCHANTS/ADR (CMHHY), China Resources Beer Holdings CoLtd (CRHKY), GRUPO CARSO S A/S (GPOVY), NOBLE GRP LTD/ADR (NOBGY) and Shanghai Industrial (SGHIY). View all competitors.

What other stocks do shareholders of HC2 own?

Based on aggregate information from My MarketBeat watchlists, some companies that other HC2 investors own include Ford Motor (F), AbbVie (ABBV), Bank of America (BAC), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), AT&T (T), salesforce.com (CRM) and Home Depot (HD).

Who are HC2's key executives?

HC2's management team includes the following people:

Mr. Philip Alan Falcone, Chairman, Pres & CEO (Age 57)
Mr. Michael J. Sena, Chief Financial Officer (Age 46)
Mr. Joseph A. Ferraro J.D., Chief Legal Officer & Corp. Sec. (Age 41)
Mr. Paul L. Robinson, Consultant (Age 52)
Ms. Suzi Raftery Herbst, Chief Admin. Officer (Age 43)

What is HC2's stock symbol?

HC2 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HCHC."

Who are HC2's major shareholders?

HC2's stock is owned by a number of retail and institutional investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (2.09%), BlackRock Inc. (1.87%), Driehaus Capital Management LLC (1.20%), Teton Advisors Inc. (0.86%), Geode Capital Management LLC (0.75%) and JPMorgan Chase & Co. (0.55%). Company insiders that own HC2 stock include Michael J Sena, Philip Falcone, Suzi R Herbst and Wayne Barr Jr. View institutional ownership trends for HC2.

Which major investors are selling HC2 stock?

HCHC stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Teton Advisors Inc., Evoke Wealth LLC, Gabelli Funds LLC, State Street Corp, and Gamco Investors INC. ET AL. View insider buying and selling activity for HC2.

Which major investors are buying HC2 stock?

HCHC stock was purchased by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Fuller & Thaler Asset Management Inc., Geode Capital Management LLC, JPMorgan Chase & Co., Jane Street Group LLC, BlackRock Inc., Advisor Group Holdings Inc., and JS Capital Management LLC. Company insiders that have bought HC2 stock in the last two years include Michael J Sena, Philip Falcone, Suzi R Herbst, and Wayne Barr Jr. View insider buying and selling activity for HC2.

How do I buy shares of HC2?

Shares of HCHC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is HC2's stock price today?

One share of HCHC stock can currently be purchased for approximately $2.64.

How big of a company is HC2?

HC2 has a market capitalization of $122.89 million and generates $1.98 billion in revenue each year. The technology company earns $-31,500,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. HC2 employs 3,728 workers across the globe.

What is HC2's official website?

The official website for HC2 is www.hc2.com.

How can I contact HC2?

HC2's mailing address is 450 PARK AVENUE 30TH FLOOR, NEW YORK NY, 10022. The technology company can be reached via phone at 212-235-2690 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff