Hertz Global Holdings Target of Unusually Large Options Trading (NYSE:HTZ)
Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of some unusual options trading on Wednesday. Investors acquired 25,795 call options on the stock. This is an increase of 428% compared to the typical volume of 4,888 call options.
Hertz Global Holdings (HTZ) opened at 18.65 on Friday. The firm has a 50-day moving average price of $14.17 and a 200-day moving average price of $15.68. Hertz Global Holdings has a 52 week low of $8.52 and a 52 week high of $52.27. The firm’s market capitalization is $1.56 billion.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.51. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $0.41 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts forecast that Hertz Global Holdings will post ($1.42) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Hertz Global Holdings during the fourth quarter valued at about $265,000. Guggenheim Capital LLC boosted its stake in shares of Hertz Global Holdings by 13.9% in the fourth quarter. Guggenheim Capital LLC now owns 67,510 shares of the transportation company’s stock valued at $1,455,000 after buying an additional 8,214 shares in the last quarter. Norges Bank purchased a new stake in shares of Hertz Global Holdings during the fourth quarter valued at $13,574,000. Bank of Montreal Can boosted its stake in shares of Hertz Global Holdings by 46.2% in the first quarter. Bank of Montreal Can now owns 18,033 shares of the transportation company’s stock valued at $316,000 after buying an additional 5,698 shares in the last quarter. Finally, Merriman Wealth Management LLC boosted its stake in shares of Hertz Global Holdings by 18.8% in the first quarter. Merriman Wealth Management LLC now owns 51,246 shares of the transportation company’s stock valued at $899,000 after buying an additional 8,120 shares in the last quarter.
HTZ has been the subject of a number of research reports. MKM Partners restated a “buy” rating and issued a $22.00 target price on shares of Hertz Global Holdings in a research note on Wednesday, June 28th. BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Morgan Stanley decreased their target price on Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, May 12th. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC set a $9.00 target price on Hertz Global Holdings and gave the company a “hold” rating in a research note on Sunday, May 14th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.50.
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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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