Par Capital Management Inc Now Owns 5,888,576 Shares In Hertz Global Holdings, Inc. (HTZ)

Hertz Global Holdings, Inc. (NYSE:HTZ) is at least 98.36% than its current record low price of $8.52. There was a 6.29% gain on 06/11/2018 that led the price to move at $16.9. At recent session, the prices were hovering between $15.97 and $17.28. This company shares are 23.43% off its target price of $20.86 and the current market capitalization stands at $1.36B. The recent change has given its price a -10.52% deficit over SMA 50 and -38.03% deficit over its 52-week high. The stock witnessed -0.71% declines, -17.44% declines and -16.05% 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 5.01% and during a month it has been found around 5.13%.

Hertz Global Holdings, Inc. (HTZ) Top Holders

Institutional investors currently hold around $1.63 billion or 0% in HTZ stock. Look at its top three institutional owners. Icahn Carl C owns $465.3 million in Hertz Global Holdings, Inc., which represents roughly 34.21% of the company’s market cap and approximately 28.55% 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 $93.63 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $91.08 million worth of this stock and that ownership represents nearly 6.7% of its market capitalization.

Hertz Global Holdings, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 83 institutional holders increased their position in Hertz Global Holdings, Inc. (NYSE:HTZ) by some 10,644,241 shares, 98 decreased positions by 10,630,146 and 27 held positions by 81,269,604. That puts total institutional holdings at 102,543,991 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 2,295,291 shares while 37 institutional investors sold out their entire positions totaling 3,461,569 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 EVP CFO Kennedy Thomas C has acquired 15,000 shares of Hertz Global Holdings, Inc. (HTZ) in trading session dated May. 10, 2018. These shares are worth $258,300 and were traded at $17.22 each. The SEC filing shows that Kramer Robin performed a sale of 5,450 shares. The Sr VP Chief Accounting Officer disposed these shares by way of transaction on Mar. 08, 2018. The company’s shares were given away at $19.67 per share worth to an income of some $107,202 on account of Kramer Robin.

Sr VP, ChiefAccountingOfficer, Kramer Robin, sold 3,524 common shares of Hertz Global Holdings, Inc. (HTZ) in the open market. In a transaction dated Sep. 14, 2017, the shares were put up for sale at an average price of $21.53, raking in a sum of $75,872. After this sale, 4,065 common shares of HTZ are directly owned by the insider, with total stake valued at $68,699.

In the transaction dated Dec. 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 $23.06, amounting to approximately $2,883. The insider now directly owns 20,237 shares worth $342,005.

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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