Horizon Global Corporation (NYSE:HZN) CEO A Mark Zeffiro sold 27,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $16.38, for a total transaction of $442,260.00. Following the transaction, the chief executive officer now owns 238,284 shares of the company’s stock, valued at $3,903,091.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A Mark Zeffiro also recently made the following trade(s):

  • On Monday, September 18th, A Mark Zeffiro sold 17,130 shares of Horizon Global Corporation stock. The stock was sold at an average price of $16.45, for a total transaction of $281,788.50.

Shares of Horizon Global Corporation (NYSE:HZN) opened at 17.04 on Friday. Horizon Global Corporation has a 12 month low of $15.67 and a 12 month high of $26.36. The stock has a 50 day moving average of $16.93 and a 200-day moving average of $16.93. The firm’s market capitalization is $424.91 million.

Horizon Global Corporation (NYSE:HZN) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.17. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%. The company had revenue of $253.60 million during the quarter, compared to the consensus estimate of $241.08 million. The business’s quarterly revenue was up 51.1% on a year-over-year basis. On average, equities research analysts anticipate that Horizon Global Corporation will post $1.09 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Horizon Global Corporation during the 1st quarter valued at about $280,000. Dimensional Fund Advisors LP increased its stake in shares of Horizon Global Corporation by 26.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,010,260 shares of the company’s stock valued at $14,022,000 after acquiring an additional 208,508 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Horizon Global Corporation by 24.2% during the 1st quarter. Vanguard Group Inc. now owns 887,446 shares of the company’s stock valued at $12,318,000 after acquiring an additional 172,933 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in shares of Horizon Global Corporation during the 1st quarter valued at about $812,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Horizon Global Corporation during the 1st quarter valued at about $167,000. 94.02% of the stock is owned by institutional investors.

HZN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Thursday, August 3rd. TheStreet upgraded shares of Horizon Global Corporation from a “d” rating to a “c-” rating in a research report on Friday, May 26th. BMO Capital Markets upped their price objective on shares of Horizon Global Corporation from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. BidaskClub cut shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Roth Capital set a $22.00 price objective on shares of Horizon Global Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.83.

About Horizon Global Corporation

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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