Cornercap Investment Counsel Inc. Acquires Shares of 52,920 Horizon Global Corp (HZN)
Cornercap Investment Counsel Inc. acquired a new position in shares of Horizon Global Corp (NYSE:HZN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 52,920 shares of the company’s stock, valued at approximately $742,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HZN. Kennedy Capital Management Inc. raised its holdings in Horizon Global by 364.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 292,278 shares of the company’s stock worth $4,098,000 after buying an additional 229,388 shares during the period. Northpointe Capital LLC increased its holdings in shares of Horizon Global by 25.9% in the 4th quarter. Northpointe Capital LLC now owns 1,070,443 shares of the company’s stock valued at $15,008,000 after purchasing an additional 219,992 shares during the period. Dean Investment Associates LLC acquired a new position in shares of Horizon Global in the 3rd quarter valued at about $3,387,000. Renaissance Technologies LLC acquired a new position in shares of Horizon Global in the 4th quarter valued at about $2,483,000. Finally, Cadence Capital Management LLC acquired a new position in shares of Horizon Global in the 4th quarter valued at about $1,620,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.
HZN has been the topic of a number of research reports. BMO Capital Markets downgraded Horizon Global from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a report on Tuesday, January 30th. ValuEngine downgraded Horizon Global from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Horizon Global from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. TheStreet downgraded Horizon Global from a “c-” rating to a “d” rating in a report on Monday, February 26th. Finally, Roth Capital set a $24.00 target price on Horizon Global and gave the company a “buy” rating in a report on Saturday, December 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.67.
Horizon Global (NYSE:HZN) last released its quarterly earnings data on Thursday, March 1st. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. Horizon Global had a positive return on equity of 17.35% and a negative net margin of 0.40%. The firm had revenue of $196.00 million for the quarter, compared to the consensus estimate of $194.59 million. During the same quarter in the prior year, the company posted ($0.37) earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. analysts expect that Horizon Global Corp will post 1.05 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Cornercap Investment Counsel Inc. Acquires Shares of 52,920 Horizon Global Corp (HZN)” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/03/14/cornercap-investment-counsel-inc-acquires-shares-of-52920-horizon-global-corp-hzn.html.
Horizon Global 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.
Want to see what other hedge funds are holding HZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horizon Global Corp (NYSE:HZN).
Receive News & Ratings for Horizon Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Global and related companies with MarketBeat.com's FREE daily email newsletter.