AlphaCrest Capital Management LLC bought a new position in shares of Hertz Global Holdings, Inc (NYSE:HTZ) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 18,100 shares of the transportation company’s stock, valued at approximately $314,000.
Other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its position in shares of Hertz Global by 177.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,278 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 1,458 shares during the period. Commonwealth Bank of Australia grew its position in shares of Hertz Global by 0.7% in the 1st quarter. Commonwealth Bank of Australia now owns 230,547 shares of the transportation company’s stock valued at $3,999,000 after purchasing an additional 1,700 shares during the period. Investors Research Corp acquired a new position in shares of Hertz Global in the 1st quarter valued at approximately $38,000. Swiss National Bank grew its position in shares of Hertz Global by 3.0% in the 1st quarter. Swiss National Bank now owns 91,739 shares of the transportation company’s stock valued at $1,594,000 after purchasing an additional 2,700 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Hertz Global in the 4th quarter valued at approximately $38,000.
Several brokerages recently issued reports on HTZ. Zacks Investment Research lowered Hertz Global from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Deutsche Bank reiterated a “hold” rating and issued a $21.00 price objective on shares of Hertz Global in a research report on Thursday. TheStreet lowered Hertz Global from a “c” rating to a “d+” rating in a research report on Monday, March 25th. Barclays upgraded Hertz Global from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $14.00 to $18.00 in a research report on Friday, March 1st. Finally, ValuEngine upgraded Hertz Global from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.33.
NYSE HTZ opened at $17.57 on Friday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -103.35 and a beta of 2.08. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 18.68. Hertz Global Holdings, Inc has a 52 week low of $13.01 and a 52 week high of $22.37.
Hertz Global (NYSE:HTZ) last released its earnings results on Monday, May 6th. The transportation company reported ($0.99) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.32) by $0.33. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Hertz Global had a positive return on equity of 3.17% and a negative net margin of 1.78%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.58) EPS. As a group, equities analysts expect that Hertz Global Holdings, Inc will post 0.94 EPS for the current year.
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Hertz Global 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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