Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 87.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,954 shares of the transportation company’s stock after buying an additional 27,042 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.07% of Hertz Global Holdings worth $1,296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HTZ. Teachers Advisors LLC boosted its stake in Hertz Global Holdings by 14.6% during the 1st quarter. Teachers Advisors LLC now owns 87,229 shares of the transportation company’s stock valued at $1,530,000 after purchasing an additional 11,120 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hertz Global Holdings by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 537,546 shares of the transportation company’s stock valued at $9,428,000 after purchasing an additional 15,351 shares during the last quarter. KCG Holdings Inc. boosted its stake in Hertz Global Holdings by 63.3% during the 1st quarter. KCG Holdings Inc. now owns 15,560 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 6,031 shares during the last quarter. Bank of America Corp DE boosted its stake in Hertz Global Holdings by 67.8% during the 1st quarter. Bank of America Corp DE now owns 202,114 shares of the transportation company’s stock valued at $3,545,000 after purchasing an additional 81,689 shares during the last quarter. Finally, State Street Corp boosted its stake in Hertz Global Holdings by 4.6% during the 1st quarter. State Street Corp now owns 1,429,856 shares of the transportation company’s stock valued at $25,083,000 after purchasing an additional 62,597 shares during the last quarter.

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In other news, SVP Robin Kramer sold 3,524 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.33% of the company’s stock.

Hertz Global Holdings, Inc (HTZ) opened at $18.51 on Wednesday. Hertz Global Holdings, Inc has a 52 week low of $8.52 and a 52 week high of $27.27. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.58 billion. Hertz Global Holdings had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. equities analysts predict that Hertz Global Holdings, Inc will post -1.39 EPS for the current year.

Several analysts have commented on the company. Morgan Stanley cut their target price on Hertz Global Holdings from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 15th. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global Holdings in a research note on Monday, November 13th. Zacks Investment Research upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, October 17th. Deutsche Bank AG reiterated a “hold” rating and set a $18.00 target price (up from $14.00) on shares of Hertz Global Holdings in a research note on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Hertz Global Holdings in a research note on Thursday, September 7th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.29.

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

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