Northern Trust Corp grew its stake in shares of Horizon Global Corporation (NYSE:HZN) by 18.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,766 shares of the company’s stock after buying an additional 45,579 shares during the quarter. Northern Trust Corp owned about 1.19% of Horizon Global Corporation worth $4,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in HZN. Wilen Investment Management CORP. raised its position in shares of Horizon Global Corporation by 3.0% during the 2nd quarter. Wilen Investment Management CORP. now owns 12,440 shares of the company’s stock worth $174,000 after buying an additional 360 shares in the last quarter. Sei Investments Co. raised its position in shares of Horizon Global Corporation by 58.1% during the 2nd quarter. Sei Investments Co. now owns 12,406 shares of the company’s stock worth $178,000 after buying an additional 4,561 shares in the last quarter. American International Group Inc. raised its position in shares of Horizon Global Corporation by 25.7% during the 1st quarter. American International Group Inc. now owns 13,190 shares of the company’s stock worth $183,000 after buying an additional 2,700 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Horizon Global Corporation by 5.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,341 shares of the company’s stock worth $292,000 after buying an additional 973 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Horizon Global Corporation by 19.9% during the 2nd quarter. Rhumbline Advisers now owns 27,690 shares of the company’s stock worth $398,000 after buying an additional 4,605 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Shares of Horizon Global Corporation (NYSE:HZN) opened at $14.38 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 1.71. Horizon Global Corporation has a fifty-two week low of $11.80 and a fifty-two week high of $26.36. The company has a market cap of $346.39, a P/E ratio of 20.43, a P/E/G ratio of 1.17 and a beta of 1.79.

Horizon Global Corporation (NYSE:HZN) last released its earnings results on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Horizon Global Corporation had a negative net margin of 0.56% and a positive return on equity of 16.58%. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $227.24 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 58.3% on a year-over-year basis. analysts predict that Horizon Global Corporation will post 1.08 earnings per share for the current fiscal year.

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In related news, CEO A Mark Zeffiro sold 17,130 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $16.45, for a total value of $281,788.50. Following the sale, the chief executive officer now directly owns 238,284 shares in the company, valued at approximately $3,919,771.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is owned by insiders.

HZN has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets boosted their price target 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. Roth Capital set a $22.00 price target on shares of Horizon Global Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Thursday, August 3rd. Finally, Bank of America Corporation downgraded shares of Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.83.

Horizon Global Corporation Company Profile

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.

Institutional Ownership by Quarter for Horizon Global Corporation (NYSE:HZN)

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