Hertz Global Holdings Inc. (NYSE:HTZ) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 8,244,593 shares, a drop of 19.0% from the August 31st total of 10,184,580 shares. Approximately 9.7% of the company’s stock are short sold. Based on an average daily volume of 763,022 shares, the short-interest ratio is currently 10.8 days.
Hertz Global Holdings (NYSE:HTZ) opened at 39.66 on Thursday. Hertz Global Holdings has a 12 month low of $38.43 and a 12 month high of $53.14. The firm has a 50-day moving average price of $47.45 and a 200 day moving average price of $47.79.
Hertz Global Holdings (NYSE:HTZ) last posted its earnings results on Monday, August 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.12. The business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts predict that Hertz Global Holdings will post $2.98 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of HTZ. Passport Capital LLC acquired a new position in Hertz Global Holdings during the second quarter worth about $121,000. Mountain Lake Investment Management LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $158,000. Pitcairn Co. boosted its position in Hertz Global Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock valued at $159,000 after buying an additional 531 shares in the last quarter. World Asset Management Inc boosted its position in Hertz Global Holdings by 14.0% in the second quarter. World Asset Management Inc now owns 15,487 shares of the company’s stock valued at $171,000 after buying an additional 1,898 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $186,000. 37.46% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on HTZ shares. MKM Partners reaffirmed a “buy” rating on shares of Hertz Global Holdings in a research note on Friday, June 17th. Vetr raised Hertz Global Holdings from a “sell” rating to a “hold” rating and set a $54.25 price target for the company in a research note on Monday, June 13th. Zacks Investment Research raised Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Deutsche Bank AG cut their price target on Hertz Global Holdings from $76.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Finally, Barclays PLC started coverage on Hertz Global Holdings in a research note on Tuesday, September 27th. They set an “equal weight” rating and a $52.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.48.
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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