The CEO, Chairman & President of HC2 Holdings (NYSE: HCHC) is Buying Shares

By Carrie Williams

Today, the CEO, Chairman & President of HC2 Holdings (NYSE: HCHC), Philip Falcone, bought shares of HCHC for $95.13K.

In addition to Philip Falcone, 3 other HCHC executives reported Buy trades in the last month. Following this transaction Philip Falcone’s holding in the company was increased by 1.59% to a total of $6.45 million.

Based on HC2 Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $413 million and GAAP net loss of $4.56 million. In comparison, last year the company earned revenue of $277 million and had a GAAP net loss of $7.99 million. The company has a one year high of $6.35 and a one year low of $3.25. Currently, HC2 Holdings has an average volume of 299.2K.

The insider sentiment on HC2 Holdings has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

HC2 Holdings, Inc. operates as a holding company, which focus to acquire and grow attractive businesses that generate sustainable free cash flow. It operates through following business segments: Manufacturing, Marine Services, Insurance, Telecommunications, Utilities, Life Sciences and Other. The Manufacturing segment is a structural steel fabricator and erector in the United States. The Marine Services segment provides engineering and underwater services on submarine cables. The Insurance segment is a platform for there run-off long-term care business, through its two insurance companies, United Teacher Associates Insurance Company and Continental General Insurance Company. The Telecommunications segment is a provider of internet-based protocol and time-division multiplexing access and transport of long distance voice minutes. The Utilities segment is a compressed natural gas fueling company. The Life Sciences segment focuses on supporting healthcare and biotechnology product development. The company was founded in 1994 and is headquartered in New York, NY.