Hertz Global Target of Unusually High Options Trading (HTZ)

Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of unusually large options trading on Monday. Investors purchased 8,986 call options on the stock. This represents an increase of 688% compared to the average volume of 1,140 call options.

In related news, SVP Robin Kramer sold 5,450 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $19.67, for a total transaction of $107,201.50. Following the transaction, the senior vice president now directly owns 5,459 shares in the company, valued at $107,378.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

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Several institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. increased its holdings in shares of Hertz Global by 8.1% during the third quarter. American International Group Inc. now owns 36,695 shares of the transportation company’s stock valued at $821,000 after purchasing an additional 2,743 shares during the period. ProVise Management Group LLC increased its holdings in shares of Hertz Global by 16.0% during the fourth quarter. ProVise Management Group LLC now owns 21,127 shares of the transportation company’s stock valued at $467,000 after purchasing an additional 2,909 shares during the period. 13D Management LLC increased its holdings in shares of Hertz Global by 4.3% during the fourth quarter. 13D Management LLC now owns 86,904 shares of the transportation company’s stock valued at $1,921,000 after purchasing an additional 3,620 shares during the period. Aperio Group LLC increased its holdings in shares of Hertz Global by 17.0% during the fourth quarter. Aperio Group LLC now owns 29,077 shares of the transportation company’s stock valued at $643,000 after purchasing an additional 4,232 shares during the period. Finally, Hosking Partners LLP increased its holdings in shares of Hertz Global by 8.2% during the fourth quarter. Hosking Partners LLP now owns 59,107 shares of the transportation company’s stock valued at $1,306,000 after purchasing an additional 4,475 shares during the period.

Shares of HTZ opened at $22.28 on Tuesday. The firm has a market cap of $1,800.15, a PE ratio of -14.01 and a beta of 0.50. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 9.78. Hertz Global has a one year low of $8.52 and a one year high of $27.27.

Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Tuesday, February 27th. The transportation company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.17). The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Hertz Global had a net margin of 3.73% and a negative return on equity of 13.01%. sell-side analysts anticipate that Hertz Global will post -0.7 EPS for the current year.

HTZ has been the topic of several analyst reports. ValuEngine lowered Hertz Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Hertz Global from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Macquarie raised Hertz Global from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 18th. Finally, Goldman Sachs dropped their target price on Hertz Global from $15.00 to $13.00 and set a “sell” rating on the stock in a research report on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Hertz Global currently has an average rating of “Hold” and a consensus target price of $17.00.

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Hertz Global Company Profile

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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