HCI Group (NYSE:HCI) Sees Unusually-High Trading Volume – Should You Buy?

HCI Group, Inc. (NYSE:HCI) shares saw strong trading volume on Wednesday . 292,782 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 142,697 shares.The stock last traded at $97.92 and had previously closed at $97.25.

Analyst Ratings Changes

A number of research firms have recently commented on HCI. JMP Securities reissued a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Monday, September 23rd. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Compass Point dropped their target price on shares of HCI Group from $130.00 to $119.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and an average target price of $129.00.

HCI Group Stock Performance

The stock has a fifty day moving average of $98.39 and a 200-day moving average of $100.24. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.04 billion, a PE ratio of 10.13 and a beta of 1.13.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The firm had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same period in the prior year, the company posted $1.22 earnings per share. Equities analysts anticipate that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HCI Group

A number of institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in HCI Group in the second quarter worth about $26,000. Gladius Capital Management LP acquired a new position in shares of HCI Group during the second quarter valued at $31,000. GAMMA Investing LLC boosted its stake in HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares in the last quarter. CWM LLC raised its position in shares of HCI Group by 115.4% during the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after purchasing an additional 495 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of HCI Group in the second quarter worth $201,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.