Hertz Global Holdings, Inc (HTZ) Stake Lowered by Fmr LLC
Fmr LLC decreased its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 98.0% during the first quarter, Holdings Channel reports. The firm owned 16,600 shares of the transportation company’s stock after selling 813,098 shares during the period. Fmr LLC’s holdings in Hertz Global Holdings were worth $291,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in HTZ. Nisa Investment Advisors LLC bought a new stake in Hertz Global Holdings during the first quarter valued at about $174,000. Karp Capital Management Corp bought a new stake in Hertz Global Holdings during the first quarter valued at about $211,000. Suntrust Banks Inc. increased its stake in Hertz Global Holdings by 3.5% in the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock valued at $224,000 after buying an additional 434 shares during the period. WMS Partners LLC bought a new stake in Hertz Global Holdings during the first quarter valued at about $228,000. Finally, Envestnet Asset Management Inc. increased its stake in Hertz Global Holdings by 162.6% in the first quarter. Envestnet Asset Management Inc. now owns 13,536 shares of the transportation company’s stock valued at $237,000 after buying an additional 8,382 shares during the period.
Shares of Hertz Global Holdings, Inc (NYSE HTZ) opened at 17.57 on Thursday. The company’s 50-day moving average price is $13.62 and its 200 day moving average price is $15.68. Hertz Global Holdings, Inc has a 52 week low of $8.52 and a 52 week high of $52.27. The company’s market cap is $1.47 billion. Hertz Global Holdings also was the target of unusually large options trading on Wednesday. Traders bought 25,795 call options on the company. This represents an increase of approximately 428% compared to the typical volume of 4,888 call options.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. Hertz Global Holdings had a negative return on equity of 9.34% and a negative net margin of 8.96%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Hertz Global Holdings, Inc will post ($1.03) EPS for the current fiscal year.
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Several analysts have recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating and set a $16.00 price target on shares of Hertz Global Holdings in a research note on Tuesday, May 9th. BidaskClub downgraded Hertz Global Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. ValuEngine downgraded Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, J P Morgan Chase & Co assumed coverage on Hertz Global Holdings in a research note on Friday, August 4th. They set a “neutral” rating and a $15.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Hertz Global Holdings has an average rating of “Hold” and an average price target of $21.50.
About Hertz Global Holdings
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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