Partners Value Investments LP cut its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 53.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,818 shares of the transportation company’s stock after selling 292,000 shares during the period. Hertz Global makes up about 0.8% of Partners Value Investments LP’s portfolio, making the stock its 15th biggest holding. Partners Value Investments LP owned approximately 0.30% of Hertz Global worth $5,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in HTZ. Trexquant Investment LP bought a new position in shares of Hertz Global in the 3rd quarter valued at $628,000. Legal & General Group Plc grew its position in Hertz Global by 11.7% during the 3rd quarter. Legal & General Group Plc now owns 455,621 shares of the transportation company’s stock worth $10,570,000 after acquiring an additional 47,644 shares during the last quarter. American International Group Inc. grew its position in Hertz Global by 8.1% during the 3rd quarter. American International Group Inc. now owns 36,695 shares of the transportation company’s stock worth $821,000 after acquiring an additional 2,743 shares during the last quarter. ProVise Management Group LLC bought a new stake in Hertz Global during the 3rd quarter worth $407,000. Finally, Pacer Advisors Inc. grew its position in Hertz Global by 479,950.0% during the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after acquiring an additional 9,599 shares during the last quarter.
A number of brokerages recently weighed in on HTZ. Zacks Investment Research upgraded Hertz Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Deutsche Bank restated a “hold” rating and set a $18.00 price objective (up previously from $14.00) on shares of Hertz Global in a research report on Friday, October 6th. Morgan Stanley lowered Hertz Global from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $12.00 to $14.00 in a research report on Thursday, September 14th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Hertz Global in a report on Thursday, September 7th. Finally, ValuEngine raised Hertz Global from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.29.
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) traded up $0.43 on Friday, reaching $20.13. The company’s stock had a trading volume of 2,581,000 shares, compared to its average volume of 6,059,191. Hertz Global Holdings, Inc has a 52-week low of $8.52 and a 52-week high of $27.27. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77.
Hertz Global (NYSE:HTZ) last announced its earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.58 billion. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. equities research analysts forecast that Hertz Global Holdings, Inc will post -1.39 EPS for the current year.
In other news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by insiders.
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Hertz Global Company Profile
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.
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