Third Point LLC has recently announced that it has increased stake in Hertz Global Holdings Inc. (NASDAQ:HTZ) by 2.39%. After grabbing 7.49 million shares, the institutional investor is now in possession of 0.18 million shares of the Industrials Company. The new investment brought the stake of investor firm to 2.44% having worth around $62.51 million. Moreover, Pentwater Capital Management LP increased its share by 3.76 million to have a control over 5.5 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.89 million shares by acquiring 5.22 million shares or 1.69% of the stake.
Hertz Global Holdings Inc. (HTZ) concluded trading on 12/28/23 at a closing price of $10.54, with 3.2 million shares of worth about $33.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -41.86% during that period and on Thursday the price saw a loss of about -0.47%. Currently the company’s common shares owned by public are about 323.48M shares, out of which, 137.17M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 4,740,740 shares in 23 of the transactions. In 14 selling transactions, insiders dumped 996,750 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Hertz Global Holdings Inc. iShares Core S&P Mid Cap ETF is currently holding 4.12 million shares of worth totaling $34.36 million. The company recently came buying 731.0 shares which brought its stake up to 1.34% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 3387.0 shares, after which its hold over company’s outstanding shares expand to 1.25%, leaving 3.85 million shares with the mutual fund that have a worth of about $32.14 million. Vanguard Small Cap Index Fund, after buying 3.22 million shares, have now control over 1.05% of the stake in the company. It holds 9880.0 shares of worth $26.87 million.
Hertz Global Holdings Inc. (NASDAQ: HTZ) started trading at $10.52, below -$0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 10.72, or with a loss of -0.47%. Stock saw a price change of 5.72% in past 5 days and over the past one month there was a price change of 27.45%. Year-to-date (YTD), HTZ shares are showing a performance of -31.51% which decreased to -30.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.10 but also hit the highest price of $20.48 during that period. The average intraday trading volume for Hertz Global Holdings Inc. shares is 4.54 million. The stock is currently trading 10.12% above its 20-day simple moving average (SMA20), while that difference is up 13.37% for SMA50 and it goes to -26.79% lower than SMA200.
Third Point LLC acquired 7.49 million shares of Hertz Global Holdings Inc. having value of about $62.51 million. Data submitted at the U.S SEC by Third Point LLC revealed that the firm now holds 0.18 million shares in the company valued at close to $1845490.76, or have control over 2.39% stake in the company. Holding of mutual funds in the company is about 2.58% while other institutional holders and individual stake holders have control over 84.77% and 14.43% of the stake respectively.
The stock has a current market capitalization of $1.50B and its 3Y-monthly beta is at 2.13. PE ratio of stock for trailing 12 months is 3.56, while it has posted earnings per share of $2.96 in the same period. It has Quick Ratio of 1.73 while making debt-to-equity ratio of 5.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HTZ, volatility over the week remained 3.06% while standing at 4.79% over the month.
Analysts are in expectations that Hertz Global Holdings Inc. (HTZ) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is $1.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is $0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -51.95% while it is estimated to decrease by -34.96% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Hertz Global Holdings Inc. (HTZ)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.25. Out of those 8 Wall Street analysts, 3 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
