Dean Investment Associates LLC Takes Position in Horizon Global Corp (HZN)

Dean Investment Associates LLC acquired a new stake in Horizon Global Corp (NYSE:HZN) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 192,025 shares of the company’s stock, valued at approximately $3,387,000. Dean Investment Associates LLC owned approximately 0.77% of Horizon Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spitfire Capital LLC raised its holdings in Horizon Global by 2.1% in the 3rd quarter. Spitfire Capital LLC now owns 1,093,319 shares of the company’s stock valued at $19,286,000 after acquiring an additional 22,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Horizon Global by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,021,346 shares of the company’s stock valued at $18,017,000 after acquiring an additional 29,724 shares in the last quarter. Vanguard Group Inc. raised its holdings in Horizon Global by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 942,857 shares of the company’s stock valued at $13,539,000 after acquiring an additional 55,411 shares in the last quarter. Royal Bank of Canada raised its holdings in Horizon Global by 5.2% in the 2nd quarter. Royal Bank of Canada now owns 912,066 shares of the company’s stock valued at $13,097,000 after acquiring an additional 44,671 shares in the last quarter. Finally, Walthausen & Co. LLC acquired a new position in Horizon Global in the 2nd quarter valued at $11,654,000. 90.84% of the stock is owned by hedge funds and other institutional investors.

Horizon Global Corp (NYSE:HZN) opened at $13.56 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Horizon Global Corp has a fifty-two week low of $11.80 and a fifty-two week high of $26.36. The company has a market capitalization of $338.41, a price-to-earnings ratio of 19.96, a PEG ratio of 1.15 and a beta of 1.63.

Horizon Global (NYSE:HZN) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $227.24 million. During the same quarter in the previous year, the firm earned $0.30 EPS. Horizon Global’s revenue was up 58.3% on a year-over-year basis. research analysts expect that Horizon Global Corp will post 1.08 earnings per share for the current fiscal year.

In other news, CEO A Mark Zeffiro sold 27,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $16.38, for a total transaction of $442,260.00. Following the completion of the transaction, the chief executive officer now owns 238,284 shares of the company’s stock, valued at approximately $3,903,091.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.27% of the stock is currently owned by insiders.

Several equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Horizon Global in a report on Friday, October 13th. Zacks Investment Research cut Horizon Global from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. ValuEngine raised Horizon Global from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Bank of America cut Horizon Global from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.83.

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Horizon Global Company 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.

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

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