Cornerstone Capital Management Holdings LLC. lessened its stake in shares of Hawaiian Telcom HoldCo Inc (NASDAQ:HCOM) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,300 shares of the utilities provider’s stock after selling 3,400 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.31% of Hawaiian Telcom HoldCo worth $1,119,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in Hawaiian Telcom HoldCo by 41.9% during the fourth quarter. Deutsche Bank AG now owns 54,781 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 16,180 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in Hawaiian Telcom HoldCo by 147.4% during the fourth quarter. Wolverine Asset Management LLC now owns 123,422 shares of the utilities provider’s stock worth $3,808,000 after buying an additional 73,528 shares during the last quarter. Highland Capital Management LP purchased a new stake in Hawaiian Telcom HoldCo during the fourth quarter worth about $943,000. Renaissance Technologies LLC increased its holdings in Hawaiian Telcom HoldCo by 5.9% during the fourth quarter. Renaissance Technologies LLC now owns 471,500 shares of the utilities provider’s stock worth $14,550,000 after buying an additional 26,100 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its holdings in Hawaiian Telcom HoldCo by 7.6% during the fourth quarter. Kennedy Capital Management Inc. now owns 313,350 shares of the utilities provider’s stock worth $9,670,000 after buying an additional 22,083 shares during the last quarter. Institutional investors and hedge funds own 68.45% of the company’s stock.
Separately, BidaskClub upgraded shares of Hawaiian Telcom HoldCo from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 27th.
Hawaiian Telcom HoldCo (NASDAQ:HCOM) last posted its earnings results on Tuesday, March 13th. The utilities provider reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.59). The business had revenue of $91.60 million during the quarter. Hawaiian Telcom HoldCo had a negative return on equity of 6.64% and a negative net margin of 29.11%.
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About Hawaiian Telcom HoldCo
Hawaiian Telcom Holdco, Inc is a provider of communications services and products in Hawaii. The Company operates through two business segments: Telecommunications and Data Center Colocation. The Telecommunications segment provides local telephone service, including voice and data transport, custom calling features, network access, directory assistance and private lines.
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