Robin Kramer Sells 3,524 Shares of Hertz Global Holdings, Inc (HTZ) Stock

Hertz Global Holdings, Inc (NYSE:HTZ) SVP Robin Kramer sold 3,524 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total transaction of $75,871.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hertz Global Holdings, Inc (HTZ) opened at 20.57 on Friday. The stock has a 50 day moving average of $22.53 and a 200-day moving average of $22.61. Hertz Global Holdings, Inc has a 52 week low of $17.20 and a 52 week high of $49.86. The stock’s market cap is $1.72 billion.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.51). The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Analysts forecast that Hertz Global Holdings, Inc will post ($1.52) earnings per share for the current year.

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HTZ has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. MKM Partners reiterated a “buy” rating and issued a $22.00 price target (down previously from $29.00) on shares of Hertz Global Holdings in a report on Tuesday, June 6th. ValuEngine upgraded shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Barclays PLC lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $17.34 to $9.00 in a report on Monday, July 31st. Six research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Hertz Global Holdings currently has a consensus rating of “Hold” and an average target price of $16.86.

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Hertz Global Holdings by 1,679.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,586 shares of the transportation company’s stock worth $513,000 after acquiring an additional 42,080 shares in the last quarter. Caxton Associates LP bought a new stake in Hertz Global Holdings in the second quarter worth approximately $199,000. Glenview Capital Management LLC grew its position in Hertz Global Holdings by 30.9% in the second quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock worth $65,721,000 after acquiring an additional 1,350,000 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Hertz Global Holdings in the second quarter worth approximately $147,000. Finally, State Street Corp grew its position in Hertz Global Holdings by 43.0% in the second quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock worth $23,510,000 after acquiring an additional 614,357 shares in the last quarter.

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.

Insider Buying and Selling by Quarter for Hertz Global Holdings (NYSE:HTZ)

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