Horizon Global Corp. (HZN) Trading Down 0.9%
Shares of Horizon Global Corp. (NYSE:HZN) fell 0.9% on Tuesday . The stock traded as low as $18.10 and last traded at $18.38, with a volume of 117,168 shares trading hands. The stock had previously closed at $18.55.
Several research firms have weighed in on HZN. CJS Securities began coverage on Horizon Global Corp. in a research note on Tuesday. They set a “market outperform” rating on the stock. Zacks Investment Research downgraded Horizon Global Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, TheStreet upgraded Horizon Global Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.00.
The company has a market cap of $328.93 million, a PE ratio of 23.18 and a beta of 2.27. The company has a 50 day moving average price of $16.51 and a 200 day moving average price of $13.09.
Horizon Global Corp. (NYSE:HZN) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.25. Horizon Global Corp. had a return on equity of 360.31% and a net margin of 2.40%. The company had revenue of $167.76 million for the quarter, compared to analysts’ expectations of $166.54 million. Analysts expect that Horizon Global Corp. will post $1.08 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of HZN. BlackRock Advisors LLC boosted its stake in Horizon Global Corp. by 0.4% in the second quarter. BlackRock Advisors LLC now owns 70,178 shares of the company’s stock worth $797,000 after buying an additional 292 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Horizon Global Corp. by 5.7% in the second quarter. Nationwide Fund Advisors now owns 12,413 shares of the company’s stock worth $141,000 after buying an additional 672 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Horizon Global Corp. by 3.3% in the second quarter. Alliancebernstein L.P. now owns 25,050 shares of the company’s stock worth $284,000 after buying an additional 800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Horizon Global Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,488 shares of the company’s stock worth $653,000 after buying an additional 882 shares in the last quarter. Finally, Barclays PLC boosted its stake in Horizon Global Corp. by 3.2% in the first quarter. Barclays PLC now owns 44,908 shares of the company’s stock worth $539,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 88.31% of the company’s stock.
Horizon Global Corp. Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.
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