First Manhattan Co. lowered its position in shares of Horizon Global Corp (NYSE:HZN) by 7.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,260,233 shares of the company’s stock after selling 103,595 shares during the period. First Manhattan Co. owned approximately 5.02% of Horizon Global worth $8,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its stake in shares of Horizon Global by 168.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 46,322 shares of the company’s stock valued at $382,000 after purchasing an additional 29,042 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Horizon Global during the first quarter valued at approximately $415,000. LMR Partners LLP purchased a new stake in shares of Horizon Global during the second quarter valued at approximately $447,000. GSA Capital Partners LLP purchased a new stake in shares of Horizon Global during the first quarter valued at approximately $460,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Horizon Global during the second quarter valued at approximately $684,000. Institutional investors own 73.65% of the company’s stock.

HZN stock opened at $7.17 on Thursday. Horizon Global Corp has a twelve month low of $5.13 and a twelve month high of $17.78. The company has a debt-to-equity ratio of 20.60, a current ratio of 1.59 and a quick ratio of 0.80. The company has a market cap of $178.93 million, a PE ratio of 7.32, a P/E/G ratio of 14.89 and a beta of 0.92.

Horizon Global (NYSE:HZN) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. Horizon Global had a negative net margin of 15.61% and a positive return on equity of 8.57%. The business had revenue of $233.34 million during the quarter, compared to the consensus estimate of $232.85 million. On average, analysts anticipate that Horizon Global Corp will post 0.18 EPS for the current year.

A number of research firms have recently weighed in on HZN. Roth Capital raised shares of Horizon Global from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.00 to $13.00 in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Bank of America downgraded shares of Horizon Global from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $10.00 to $5.00 in a research report on Friday, June 22nd. ValuEngine raised shares of Horizon Global from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, B. Riley decreased their price target on shares of Horizon Global from $12.50 to $10.50 and set a “buy” rating for the company in a research report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.79.

Horizon Global Company Profile

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.

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

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