Hertz Global Holdings Inc (HRI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Hertz Global Holdings Inc (NYSE:HRI) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,508 shares of the transportation company’s stock after selling 4,350 shares during the period. Rhumbline Advisers owned 0.09% of Hertz Global worth $1,597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HRI. Nationwide Fund Advisors increased its stake in shares of Hertz Global by 23.9% during the third quarter. Nationwide Fund Advisors now owns 17,021 shares of the transportation company’s stock valued at $836,000 after buying an additional 3,278 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Hertz Global during the third quarter valued at approximately $641,000. SG Americas Securities LLC increased its stake in shares of Hertz Global by 12.1% during the third quarter. SG Americas Securities LLC now owns 11,180 shares of the transportation company’s stock valued at $549,000 after buying an additional 1,208 shares during the period. American International Group Inc. increased its stake in shares of Hertz Global by 8.1% during the third quarter. American International Group Inc. now owns 16,243 shares of the transportation company’s stock valued at $798,000 after buying an additional 1,215 shares during the period. Finally, SG Capital Management LLC purchased a new position in shares of Hertz Global during the third quarter valued at approximately $4,358,000. 96.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hertz Global stock opened at $64.83 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.55 and a debt-to-equity ratio of 4.41. Hertz Global Holdings Inc has a 1 year low of $33.27 and a 1 year high of $72.99.

Hertz Global (NYSE:HRI) last released its quarterly earnings results on Wednesday, February 28th. The transportation company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.18). Hertz Global had a net margin of 9.14% and a negative return on equity of 0.88%. The firm had revenue of $491.70 million for the quarter, compared to the consensus estimate of $447.86 million. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. equities analysts predict that Hertz Global Holdings Inc will post 0.92 earnings per share for the current year.

Several equities analysts have recently issued reports on HRI shares. KeyCorp reissued a “buy” rating and set a $68.00 target price on shares of Hertz Global in a research note on Monday, December 18th. Royal Bank of Canada started coverage on Hertz Global in a research note on Friday, February 2nd. They set an “outperform” rating and a $79.00 target price on the stock. Barclays started coverage on Hertz Global in a research note on Tuesday, December 12th. They set an “overweight” rating and a $70.00 target price on the stock. Northcoast Research reissued a “neutral” rating on shares of Hertz Global in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Hertz Global currently has a consensus rating of “Hold” and an average price target of $57.00.

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Hertz Global Profile

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

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Institutional Ownership by Quarter for Hertz Global (NYSE:HRI)

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