Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of some unusual options trading on Friday. Stock investors acquired 5,182 put options on the company. This represents an increase of approximately 176% compared to the typical daily volume of 1,875 put options.

Large investors have recently modified their holdings of the company. Federated Investors Inc. PA boosted its stake in shares of Hertz Global Holdings by 146.3% in the fourth quarter. Federated Investors Inc. PA now owns 5,448 shares of the transportation company’s stock worth $117,000 after buying an additional 3,236 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Hertz Global Holdings during the first quarter worth about $167,000. Nisa Investment Advisors LLC acquired a new stake in shares of Hertz Global Holdings during the first quarter worth about $174,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after buying an additional 5,900 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Hertz Global Holdings during the first quarter worth about $211,000.

A number of research analysts recently weighed in on the company. Zacks Investment Research cut Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a report on Sunday. MKM Partners restated a “buy” rating and set a $22.00 price objective (down previously from $29.00) on shares of Hertz Global Holdings in a research note on Tuesday, June 6th. Finally, Morgan Stanley reduced their price objective on Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, May 12th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.71.

Hertz Global Holdings (HTZ) opened at 16.11 on Wednesday. The firm’s 50 day moving average price is $10.85 and its 200-day moving average price is $16.32. The firm’s market cap is $1.35 billion. Hertz Global Holdings has a 52 week low of $8.52 and a 52 week high of $53.14.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Monday, May 8th. The transportation company reported ($1.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.00) by $0.61. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Hertz Global Holdings had a negative return on equity of 1.86% and a negative net margin of 7.60%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.79) earnings per share. On average, analysts forecast that Hertz Global Holdings will post ($0.57) EPS for the current year.

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Hertz Global Holdings Company Profile

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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