Hedge Funds Now Own 0% Of Hertz Global Holdings, Inc. (HTZ)

Hertz Global Holdings, Inc. (NYSE:HTZ) has made a 140.38% comeback from a 12-month low price of $8.52. It was seen -9.1% lower, changing the price to $20.48, when the closing bell rang on 05/03/2018. At recent session, the prices were hovering between $20.257 and $22.67. This company shares are 3.96% off its target price of $21.29 and the current market capitalization stands at $1.67B. The recent change has given its price a 0.39% lead over SMA 50 and -24.9% deficit over its 52-week high. The stock witnessed -2.15% declines, -7.79% declines and -17.65% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HTZ’s volatility during a week at 6.48% and during a month it has been found around 4.7%.

Hertz Global Holdings, Inc. (HTZ) Top Holders

Institutional investors currently hold around $2.24 billion or 0% in HTZ stock. Look at its top three institutional owners. Icahn Carl C owns $659.32 million in Hertz Global Holdings, Inc., which represents roughly 39.48% of the company’s market cap and approximately 29.45% of the institutional ownership. Similar statistics are true for the second largest owner, Par Capital Management Inc, which owns 5,888,576 shares of the stock are valued at $132.67 million. The third largest holder is Vanguard Group Inc, which currently holds $110.7 million worth of this stock and that ownership represents nearly 6.63% of its market capitalization.

Hertz Global Holdings, Inc. 13F Filings

At the end of 12/31/2017 reporting period, 100 institutional holders increased their position in Hertz Global Holdings, Inc. (NYSE:HTZ) by some 9,663,214 shares, 93 decreased positions by 14,991,877 and 22 held positions by 74,723,967. That puts total institutional holdings at 99,379,058 shares, according to SEC filings. The stock grabbed 44 new institutional investments totaling 1,821,364 shares while 34 institutional investors sold out their entire positions totaling 3,169,232 shares.

Hertz Global Holdings, Inc. (NYSE:HTZ) Insider Trades

Multiple company employees have indulged in significant insider trading. Hertz Global Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr VP Chief Accounting Officer Kramer Robin has sold 5,450 shares of Hertz Global Holdings, Inc. (HTZ) in trading session dated Mar. 08, 2018. These shares are worth $107,202 and were traded at $19.67 each. The SEC filing shows that Kramer Robin performed a sale of 3,524 shares. The Sr VP, ChiefAccountingOfficer disposed these shares by way of transaction on Sep. 14, 2017. The company’s shares were given away at $21.53 per share worth to an income of some $75,872 on account of Kramer Robin.

Director, Durham Michael J, sold 125 common shares of Hertz Global Holdings, Inc. (HTZ) in the open market. In a transaction dated Dec. 15, 2016, the shares were put up for sale at an average price of $23.06, raking in a sum of $2,883. After this sale, 20,237 common shares of HTZ are directly owned by the insider, with total stake valued at $414,454.

In the transaction dated Nov. 15, 2016, the great number of shares disposed came courtesy the Director; Durham Michael J disposed a total of 125 shares at an average price of $27.29, amounting to approximately $3,411. The insider now directly owns 20,362 shares worth $417,014.

Hertz Global Holdings, Inc. (HTZ) Analyst Guide

Several analysts have released their opinion on Hertz Global Holdings, Inc. (NYSE:HTZ), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 3.33 average brokerage recommendation.

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