Horizon Global Corp (NYSE:HZN) Director Purchases $57,150.00 in Stock

Horizon Global Corp (NYSE:HZN) Director Frederick A. Henderson acquired 15,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of $3.81 per share, with a total value of $57,150.00. Following the completion of the purchase, the director now owns 84,199 shares of the company’s stock, valued at approximately $320,798.19. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

HZN stock traded up $0.10 during trading on Thursday, reaching $4.01. The company had a trading volume of 73,000 shares, compared to its average volume of 217,710. Horizon Global Corp has a 52 week low of $1.34 and a 52 week high of $8.50. The company has a market cap of $93.69 million, a P/E ratio of -2.91 and a beta of 1.25. The business has a 50 day moving average of $4.07 and a 200 day moving average of $3.20.

Horizon Global (NYSE:HZN) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.07). Horizon Global had a negative return on equity of 731.99% and a negative net margin of 13.54%. The company had revenue of $223.16 million during the quarter, compared to the consensus estimate of $241.23 million. Analysts forecast that Horizon Global Corp will post -1.4 earnings per share for the current year.

Several brokerages have recently commented on HZN. B. Riley set a $3.00 price objective on shares of Horizon Global and gave the company a “hold” rating in a research note on Friday, August 16th. Roth Capital reaffirmed a “neutral” rating on shares of Horizon Global in a research note on Friday, May 24th. ValuEngine raised shares of Horizon Global from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Horizon Global from a “sell” rating to a “hold” rating in a research note on Wednesday.

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in Horizon Global by 13.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,487,928 shares of the company’s stock worth $12,522,000 after purchasing an additional 404,930 shares during the period. Royce & Associates LP grew its holdings in Horizon Global by 57.1% in the first quarter. Royce & Associates LP now owns 1,689,690 shares of the company’s stock worth $3,278,000 after purchasing an additional 614,364 shares during the period. Vanguard Group Inc. grew its holdings in Horizon Global by 2.4% in the second quarter. Vanguard Group Inc. now owns 848,039 shares of the company’s stock worth $3,044,000 after purchasing an additional 19,689 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in Horizon Global by 12.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 446,807 shares of the company’s stock worth $1,604,000 after purchasing an additional 51,118 shares during the period. 41.34% of the stock is owned by institutional investors.

Horizon Global Company Profile

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.

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