Cambridge Investment Research Advisors Inc. purchased a new position in Hertz Global Holdings, Inc (NYSE:HTZ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,912 shares of the transportation company’s stock, valued at approximately $355,000.

Other large investors also recently made changes to their positions in the company. Segantii Capital Management Ltd acquired a new stake in shares of Hertz Global Holdings in the first quarter worth about $167,000. Nisa Investment Advisors LLC acquired a new stake in shares of Hertz Global Holdings in the first quarter worth about $174,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after buying an additional 5,900 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Hertz Global Holdings in the first quarter worth about $211,000. Finally, Suntrust Banks Inc. lifted its position in shares of Hertz Global Holdings by 3.5% in the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock worth $224,000 after buying an additional 434 shares during the last quarter.

HTZ has been the subject of a number of analyst reports. Morgan Stanley cut Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $12.00 to $14.00 in a research report on Thursday. BidaskClub raised Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Hertz Global Holdings in a research report on Thursday, September 7th. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Hertz Global Holdings presently has a consensus rating of “Hold” and a consensus price target of $16.86.

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Hertz Global Holdings, Inc (HTZ) opened at 20.57 on Friday. Hertz Global Holdings, Inc has a 52-week low of $17.20 and a 52-week high of $49.86. The firm’s market cap is $1.72 billion. The company’s 50 day moving average price is $22.53 and its 200 day moving average price is $22.61.

Hertz Global Holdings (NYSE:HTZ) last issued its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.51). Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts predict that Hertz Global Holdings, Inc will post ($1.52) earnings per share for the current fiscal year.

In related news, SVP Robin Kramer sold 3,524 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company’s stock.

About Hertz Global Holdings

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.

Institutional Ownership by Quarter for Hertz Global Holdings (NYSE:HTZ)

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