298,289 Shares in Hertz Global Holdings, Inc (HTZ) Purchased by Apollo Management Holdings L.P.
Apollo Management Holdings L.P. bought a new stake in Hertz Global Holdings, Inc (NYSE:HTZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 298,289 shares of the transportation company’s stock, valued at approximately $3,430,000. Apollo Management Holdings L.P. owned approximately 0.36% of Hertz Global Holdings at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of HTZ. Gamco Investors INC. ET AL boosted its position in Hertz Global Holdings by 44.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company’s stock valued at $56,209,000 after buying an additional 1,501,599 shares in the last quarter. OZ Management LP acquired a new stake in Hertz Global Holdings in the second quarter valued at approximately $15,397,000. Loews Corp acquired a new stake in Hertz Global Holdings in the first quarter valued at approximately $22,446,000. Dimensional Fund Advisors LP boosted its position in Hertz Global Holdings by 106.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,351,144 shares of the transportation company’s stock valued at $41,239,000 after buying an additional 1,215,045 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Hertz Global Holdings by 71.7% during the second quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock worth $30,210,000 after purchasing an additional 1,097,060 shares during the period.
In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Hertz Global Holdings, Inc (NYSE HTZ) traded up 3.86% during trading on Thursday, reaching $23.41. 2,027,196 shares of the company traded hands. The firm’s 50 day moving average price is $22.25 and its 200 day moving average price is $22.25. The firm’s market capitalization is $1.96 billion. Hertz Global Holdings, Inc has a 12-month low of $17.20 and a 12-month high of $48.00.
Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the business posted $0.41 EPS. Hertz Global Holdings’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts expect that Hertz Global Holdings, Inc will post ($1.52) earnings per share for the current year.
HTZ has been the topic of a number of recent research reports. MKM Partners reiterated a “buy” rating and set a $22.00 price target (down previously from $29.00) on shares of Hertz Global Holdings in a report on Tuesday, June 6th. Barclays PLC lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $17.34 to $9.00 in a report on Monday, July 31st. Zacks Investment Research lowered shares of Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Hertz Global Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, J P Morgan Chase & Co initiated coverage on shares of Hertz Global Holdings in a report on Friday, August 4th. They set a “neutral” rating and a $15.00 price target on the stock. Six 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 stock. Hertz Global Holdings has a consensus rating of “Hold” and an average target price of $16.86.
Hertz Global Holdings Company Profile
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.
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