Hawaiian Telcom (HCOM) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Hawaiian Telcom (NASDAQ:HCOM) from a sell rating to a hold rating in a research report sent to investors on Friday, March 30th.

Shares of Hawaiian Telcom stock traded up $0.12 during trading on Friday, reaching $26.93. 10,748 shares of the company traded hands, compared to its average volume of 12,684. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.36. Hawaiian Telcom has a 1-year low of $23.95 and a 1-year high of $31.91.

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Hawaiian Telcom (NASDAQ:HCOM) last released its earnings results on Tuesday, March 13th. The utilities provider reported ($0.78) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.59). Hawaiian Telcom had a negative net margin of 29.11% and a negative return on equity of 6.64%. The company had revenue of $91.60 million for the quarter.



A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCOM. The Manufacturers Life Insurance Company raised its holdings in Hawaiian Telcom by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 4,117 shares of the utilities provider’s stock worth $103,000 after buying an additional 28 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Hawaiian Telcom in the 3rd quarter worth $228,000. Wells Fargo & Company MN grew its stake in shares of Hawaiian Telcom by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,204 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 1,939 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Hawaiian Telcom by 41.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 13,702 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 3,989 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hawaiian Telcom in the 3rd quarter worth $490,000. Hedge funds and other institutional investors own 68.45% of the company’s stock.

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Hawaiian Telcom Company Profile

Hawaiian Telcom Holdco, Inc provides communications services and products to residential and business customers in the islands of Oahu, Maui, Hawaii, Kauai, Molokai, and Lanai. The company offers local telephone services, including voice and data transport, custom calling features, network access, directory assistance, and private lines.

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