B.Riley FBR Remains a Buy on HC2 Holdings (HCHC)

By Austin Angelo

In a report released yesterday, Sarkis Sherbetchyan from B.Riley FBR maintained a Buy rating on HC2 Holdings (HCHCResearch Report), with a price target of $8.30. The company’s shares closed last Thursday at $2.76.

According to TipRanks.com, Sherbetchyan is ranked #6069 out of 6488 analysts.

Currently, the analyst consensus on HC2 Holdings is a Moderate Buy with an average price target of $8.30.

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The company has a one-year high of $4.33 and a one-year low of $1.29. Currently, HC2 Holdings has an average volume of 453.9K.

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HC2 Holdings, Inc. engages in the acquisition and investment activities. It operates through following business segments: Construction, Marine Services, Insurance, Energy, Telecommunications, Life Sciences, and Other. The Construction 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 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 Energy segment is compressed natural gas (CNG) that designs, builds, owns, operates and maintains natural gas fueling stations for the transportation industry. The Life Sciences segment focuses on supporting healthcare and biotechnology product development. The Other segment includes the creation and distribution of NASCAR video games, and Ner Vvve which provides analytics on broadcasts TV, digital and social media online platforms. The company was founded in 1994 and is headquartered in New York, NY.