Hertz Global Sees Unusually High Options Volume (HTZ)

Hertz Global Holdings, Inc (NYSE:HTZ) saw some unusual options trading activity on Wednesday. Traders bought 21,182 call options on the company. This is an increase of approximately 1,179% compared to the typical daily volume of 1,656 call options.

Several institutional investors and hedge funds have recently modified their holdings of HTZ. Dimensional Fund Advisors LP lifted its position in shares of Hertz Global by 120.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock worth $59,548,000 after purchasing an additional 2,826,922 shares in the last quarter. Formula Growth Ltd. raised its holdings in Hertz Global by 550.9% in the second quarter. Formula Growth Ltd. now owns 1,627,293 shares of the transportation company’s stock valued at $18,714,000 after acquiring an additional 1,377,293 shares in the last quarter. Glenview Capital Management LLC raised its holdings in Hertz Global by 30.9% in the second quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after acquiring an additional 1,350,000 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Hertz Global by 3,974.1% in the third quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock valued at $28,414,000 after acquiring an additional 1,239,488 shares in the last quarter. Finally, 1060 Capital LLC acquired a new stake in Hertz Global in the third quarter valued at approximately $25,959,000.

A number of research analysts have commented on HTZ shares. Deutsche Bank reaffirmed a “hold” rating and issued a $18.00 target price (up previously from $14.00) on shares of Hertz Global in a research report on Friday, October 6th. Zacks Investment Research raised shares of Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, October 17th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research report on Monday, November 13th. ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley decreased their target price on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Hertz Global has a consensus rating of “Hold” and a consensus target price of $17.29.

Shares of Hertz Global (NYSE:HTZ) opened at $23.92 on Friday. The stock has a market cap of $1,880.00 and a PE ratio of -2.75. Hertz Global has a 1 year low of $8.52 and a 1 year high of $27.27. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77.

Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. research analysts expect that Hertz Global will post -1.39 EPS for the current fiscal year.

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Hertz Global 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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