Dana Investment Advisors Inc. grew its holdings in shares of Horizon Global Corporation (NYSE:HZN) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,328 shares of the company’s stock after purchasing an additional 25,145 shares during the period. Dana Investment Advisors Inc. owned about 0.60% of Horizon Global Corporation worth $2,144,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Voya Investment Management LLC acquired a new position in shares of Horizon Global Corporation during the 2nd quarter worth approximately $159,000. Wilen Investment Management CORP. grew 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 purchasing an additional 360 shares in the last quarter. Sei Investments Co. grew 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 purchasing an additional 4,561 shares in the last quarter. American International Group Inc. grew 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 purchasing an additional 2,700 shares in the last quarter. Finally, Suntrust Banks Inc. grew its position in shares of Horizon Global Corporation by 8.4% during the 2nd quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock worth $188,000 after purchasing an additional 1,025 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Horizon Global Corporation (HZN) traded down 0.28% during mid-day trading on Friday, hitting $17.85. 145,708 shares of the company traded hands. Horizon Global Corporation has a one year low of $15.67 and a one year high of $26.36. The firm has a 50 day moving average of $17.30 and a 200 day moving average of $17.30. The firm’s market capitalization is $445.11 million.

Horizon Global Corporation (NYSE:HZN) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.67 by $0.17. The company had revenue of $253.60 million during the quarter, compared to analysts’ expectations of $241.08 million. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%. The business’s quarterly revenue was up 51.1% on a year-over-year basis. Equities research analysts expect that Horizon Global Corporation will post $1.09 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Thursday, August 3rd. Bank of America Corporation lowered shares of Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 5th. Roth Capital set a $22.00 target price on shares of Horizon Global Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets increased their target price 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. Finally, BidaskClub lowered shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.83.

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 transaction of $281,788.50. Following the completion of the transaction, the chief executive officer now owns 238,284 shares of the company’s stock, valued at $3,919,771.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.27% of the stock is currently owned by insiders.

Horizon Global Corporation 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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