HCI Group (NYSE:HCI) Receives New Coverage from Analysts at Compass Point

Investment analysts at Compass Point assumed coverage on shares of HCI Group (NYSE:HCI – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating and a $56.00 price target on the insurance provider’s stock. Compass Point’s target price would indicate a potential upside of 19.15% from the company’s current price.

Other analysts have also issued research reports about the stock. TheStreet lowered shares of HCI Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 7th. StockNews.com assumed coverage on shares of HCI Group in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Finally, JMP Securities lowered their target price on shares of HCI Group from $100.00 to $95.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 9th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.33.

HCI Group Trading Up 1.1 %

HCI opened at $47.00 on Thursday. The stock has a market capitalization of $411.58 million, a PE ratio of -7.12 and a beta of 0.78. The firm’s fifty day moving average price is $39.07 and its 200 day moving average price is $46.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.26 and a quick ratio of 0.26. HCI Group has a 12-month low of $27.65 and a 12-month high of $73.92.

HCI Group (NYSE:HCI – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The insurance provider reported ($5.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.04) by $0.42. The firm had revenue of $126.65 million for the quarter, compared to analysts’ expectations of $141.06 million. HCI Group had a negative net margin of 12.20% and a negative return on equity of 19.16%. As a group, research analysts expect that HCI Group will post -6 EPS for the current fiscal year.

Hedge Funds Weigh In On HCI Group

Several institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC grew its position in HCI Group by 286.6% in the 2nd quarter. Essex Investment Management Co. LLC now owns 140,685 shares of the insurance provider’s stock valued at $9,533,000 after buying an additional 104,294 shares in the last quarter. Park West Asset Management LLC grew its position in HCI Group by 12.4% in the 2nd quarter. Park West Asset Management LLC now owns 804,643 shares of the insurance provider’s stock valued at $54,523,000 after buying an additional 89,000 shares in the last quarter. Millennium Management LLC grew its position in HCI Group by 160.2% in the 2nd quarter. Millennium Management LLC now owns 139,280 shares of the insurance provider’s stock valued at $9,438,000 after buying an additional 85,759 shares in the last quarter. Portolan Capital Management LLC bought a new position in HCI Group in the 1st quarter valued at about $5,815,000. Finally, Bernzott Capital Advisors lifted its holdings in HCI Group by 20.9% in the 2nd quarter. Bernzott Capital Advisors now owns 403,652 shares of the insurance provider’s stock valued at $27,351,000 after acquiring an additional 69,745 shares during the last quarter. Institutional investors own 67.71% of the company’s stock.

About HCI Group

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HCI Group, Inc engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division.