Marshall Wace North America L.P. Purchases New Holdings in Hertz Global Holdings, Inc (HTZ)

Marshall Wace North America L.P. purchased a new stake in Hertz Global Holdings, Inc (NYSE:HTZ) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,985 shares of the transportation company’s stock, valued at approximately $552,000. Marshall Wace North America L.P. owned about 0.05% of Hertz Global Holdings as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Segantii Capital Management Ltd acquired a new stake in Hertz Global Holdings in the first quarter worth about $167,000. Nisa Investment Advisors LLC acquired a new stake in Hertz Global Holdings in the first quarter worth about $174,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after purchasing an additional 5,900 shares during the period. Karp Capital Management Corp acquired a new stake in Hertz Global Holdings in the first quarter worth about $211,000. Finally, Suntrust Banks Inc. increased its position 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 worth $224,000 after purchasing an additional 434 shares during the period.

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Hertz Global Holdings, Inc (NYSE:HTZ) opened at 23.60 on Wednesday. The firm’s market capitalization is $1.98 billion. Hertz Global Holdings, Inc has a 52-week low of $17.20 and a 52-week high of $50.12. The stock’s 50 day moving average price is $23.57 and its 200 day moving average price is $22.06.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.51). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, equities analysts anticipate that Hertz Global Holdings, Inc will post ($1.60) earnings per share for the current fiscal year.

A number of analysts recently commented on HTZ shares. BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Hertz Global Holdings in a research report on Thursday, September 7th. Finally, MKM Partners reiterated a “buy” rating and issued a $22.00 price objective on shares of Hertz Global Holdings in a research report on Wednesday, June 28th. 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.57.

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

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