Stock Traders Purchase Large Volume of Call Options on Hertz Global (HRI)

Hertz Global Holdings Inc (NYSE:HRI) was the target of unusually large options trading activity on Tuesday. Traders bought 860 call options on the company. This represents an increase of 856% compared to the average daily volume of 90 call options.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Investments LP grew its holdings in shares of Hertz Global by 2,683.3% during the fourth quarter. Two Sigma Investments LP now owns 161,512 shares of the transportation company’s stock valued at $10,112,000 after buying an additional 155,709 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Hertz Global during the fourth quarter valued at about $7,449,000. Deutsche Bank AG grew its holdings in shares of Hertz Global by 228.5% during the fourth quarter. Deutsche Bank AG now owns 104,238 shares of the transportation company’s stock valued at $6,523,000 after buying an additional 72,509 shares during the last quarter. Jefferies Group LLC acquired a new position in shares of Hertz Global during the fourth quarter valued at about $472,000. Finally, Shellback Capital LP acquired a new position in shares of Hertz Global during the fourth quarter valued at about $9,840,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

A number of equities research analysts have commented on HRI shares. KeyCorp restated a “buy” rating and issued a $68.00 price target on shares of Hertz Global in a report on Monday, December 18th. Northcoast Research restated a “neutral” rating on shares of Hertz Global in a report on Tuesday, December 19th. Buckingham Research started coverage on shares of Hertz Global in a report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 price target for the company. Royal Bank of Canada started coverage on shares of Hertz Global in a report on Friday, February 2nd. They issued an “outperform” rating and a $79.00 price target for the company. Finally, Barclays started coverage on shares of Hertz Global in a report on Tuesday, December 12th. They issued an “overweight” rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.00.

Shares of Hertz Global (NYSE HRI) traded up $2.09 during midday trading on Wednesday, hitting $59.18. 341,100 shares of the stock were exchanged, compared to its average volume of 198,765. The firm has a market capitalization of $1,681.82, a PE ratio of -24.56 and a beta of 2.55. Hertz Global has a 52-week low of $33.27 and a 52-week high of $70.58. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.09 and a quick ratio of 1.03.

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About Hertz Global

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

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