Nationwide Fund Advisors Increases Holdings in Hertz Global Holdings, Inc (NYSE:HTZ)

Nationwide Fund Advisors increased its position in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 457.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,152 shares of the transportation company’s stock after buying an additional 31,313 shares during the quarter. Nationwide Fund Advisors’ holdings in Hertz Global Holdings were worth $439,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hosking Partners LLP boosted its stake in shares of Hertz Global Holdings by 1.7% in the second quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock valued at $625,000 after buying an additional 932 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Hertz Global Holdings by 0.9% in the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock valued at $1,442,000 after buying an additional 1,144 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Hertz Global Holdings by 40.4% in the first quarter. Russell Investments Group Ltd. now owns 17,400 shares of the transportation company’s stock valued at $305,000 after buying an additional 5,007 shares in the last quarter. KCG Holdings Inc. boosted its stake in shares of Hertz Global Holdings by 63.3% in the first quarter. KCG Holdings Inc. now owns 15,560 shares of the transportation company’s stock valued at $273,000 after buying an additional 6,031 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Hertz Global Holdings by 44.6% in the second quarter. KBC Group NV now owns 22,416 shares of the transportation company’s stock valued at $258,000 after buying an additional 6,910 shares in the last quarter.

In related news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Several brokerages recently issued reports on HTZ. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global Holdings in a report on Monday. Zacks Investment Research cut Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. MKM Partners reissued a “buy” rating and issued a $22.00 price target on shares of Hertz Global Holdings in a report on Thursday, August 10th. Deutsche Bank AG set a $14.00 price target on Hertz Global Holdings and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.43.

Shares of Hertz Global Holdings, Inc (HTZ) opened at $17.89 on Wednesday. Hertz Global Holdings, Inc has a 1 year low of $8.52 and a 1 year high of $27.70. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77.

Hertz Global Holdings (NYSE:HTZ) last issued its earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.09. Hertz Global Holdings had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. analysts anticipate that Hertz Global Holdings, Inc will post -1.11 EPS for the current fiscal year.

WARNING: This report was first reported by Week Herald and is owned by of Week Herald. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://weekherald.com/2017/11/15/nationwide-fund-advisors-grows-holdings-in-hertz-global-holdings-inc-htz.html.

Hertz Global Holdings Profile

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.

Institutional Ownership by Quarter for Hertz Global Holdings (NYSE:HTZ)

Receive News & Ratings for Hertz Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply