Hertz Global Holdings, Inc (NYSE:HTZ) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 21,492,466 shares, an increase of 11.4% from the February 15th total of 19,290,754 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average trading volume of 5,857,538 shares, the days-to-cover ratio is presently 3.7 days.

HTZ has been the subject of a number of research reports. Zacks Investment Research lowered shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. ValuEngine lowered shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Morgan Stanley lowered their price objective on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group lowered their price objective on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Hertz Global currently has a consensus rating of “Hold” and a consensus price target of $17.00.

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Shares of Hertz Global (HTZ) opened at $20.11 on Thursday. The company has a market cap of $1,730.00 and a PE ratio of 5.10. Hertz Global has a 1 year low of $8.52 and a 1 year high of $27.27. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 9.78.

Hertz Global (NYSE:HTZ) last released its quarterly earnings results on Tuesday, February 27th. The transportation company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.17). The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Hertz Global had a net margin of 3.73% and a negative return on equity of 13.01%. equities research analysts predict that Hertz Global will post -0.7 EPS for the current year.

In related news, SVP Robin Kramer sold 5,450 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $19.67, for a total value of $107,201.50. Following the completion of the sale, the senior vice president now directly owns 5,459 shares of the company’s stock, valued at $107,378.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Hertz Global during the fourth quarter valued at about $181,000. Pacer Advisors Inc. lifted its position in shares of Hertz Global by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after buying an additional 9,599 shares during the last quarter. Sei Investments Co. lifted its position in shares of Hertz Global by 260.2% during the third quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock valued at $265,000 after buying an additional 8,575 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Hertz Global by 1.2% during the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after buying an additional 282 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. acquired a new position in shares of Hertz Global during the fourth quarter valued at about $349,000.

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About Hertz Global

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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