GAMMA Investing LLC Buys 178 Shares of HCI Group, Inc. (NYSE:HCI)

GAMMA Investing LLC lifted its position in HCI Group, Inc. (NYSE:HCI) by 80.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398 shares of the insurance provider’s stock after acquiring an additional 178 shares during the quarter. GAMMA Investing LLC’s holdings in HCI Group were worth $43,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in HCI Group during the second quarter worth about $26,000. Gladius Capital Management LP purchased a new position in shares of HCI Group in the 2nd quarter worth approximately $31,000. CWM LLC grew its holdings in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock valued at $85,000 after acquiring an additional 495 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of HCI Group during the first quarter valued at approximately $219,000. Finally, Virtu Financial LLC bought a new stake in HCI Group during the first quarter worth $230,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Trading Up 0.7 %

Shares of HCI Group stock opened at $116.77 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 11.88 and a beta of 1.13. HCI Group, Inc. has a 52-week low of $55.83 and a 52-week high of $121.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s 50-day simple moving average is $101.51 and its 200 day simple moving average is $100.26.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $196.67 million. During the same quarter in the prior year, the business posted $1.22 earnings per share. As a group, research analysts anticipate that HCI Group, Inc. will post 12.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HCI shares. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday. Finally, Compass Point decreased their price objective on shares of HCI Group from $130.00 to $119.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.00.

HCI Group Company Profile

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.