Victory Capital Management Inc. purchased a new stake in Hertz Global Holdings, Inc (NYSE:HTZ) during the third quarter, according to its most recent filing with the SEC. The fund purchased 429,583 shares of the transportation company’s stock, valued at approximately $9,605,000. Victory Capital Management Inc. owned about 0.51% of Hertz Global Holdings as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HTZ. Crow Point Partners LLC bought a new stake in Hertz Global Holdings in the 3rd quarter valued at $112,000. BlueCrest Capital Management Ltd bought a new stake in Hertz Global Holdings in the 2nd quarter valued at $147,000. Suntrust Banks Inc. increased its holdings in Hertz Global Holdings by 2.2% in the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 285 shares during the last quarter. Caxton Associates LP bought a new stake in Hertz Global Holdings in the 2nd quarter valued at $199,000. Finally, Private Advisor Group LLC bought a new stake in Hertz Global Holdings in the 2nd quarter valued at $235,000.
A number of brokerages have commented on HTZ. MKM Partners reissued a “buy” rating and issued a $22.00 price objective on shares of Hertz Global Holdings in a research note on Thursday, August 10th. Morgan Stanley cut shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $12.00 to $14.00 in a research note on Thursday, September 14th. BidaskClub cut shares of Hertz Global Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Hertz Global Holdings in a research note on Thursday, September 7th. Finally, Deutsche Bank AG set a $14.00 price objective on shares of Hertz Global Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.43.
Hertz Global Holdings, Inc (NYSE HTZ) opened at $17.89 on Wednesday. Hertz Global Holdings, Inc has a 52 week low of $8.52 and a 52 week high of $27.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38.
Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Hertz Global Holdings had a negative net margin of 8.35% and a negative return on equity of 14.05%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the company earned $1.58 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. analysts expect that Hertz Global Holdings, Inc will post -1.11 earnings per share for the current fiscal year.
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Hertz Global Holdings Company 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.
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