Herc Holdings Inc (HTZ) Short Interest Down 19.0% in September
Herc Holdings Inc (NYSE:HTZ) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 8,244,593 shares, a drop of 19.0% from the August 31st total of 10,184,580 shares. Based on an average daily trading volume, of 763,022 shares, the short-interest ratio is currently 10.8 days. Approximately 9.7% of the company’s stock are sold short.
Shares of Herc Holdings (NYSE:HTZ) opened at 40.16 on Monday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 5.02 and a beta of 2.43. The firm has a 50-day moving average price of $48.22 and a 200-day moving average price of $48.17. Herc Holdings has a one year low of $38.43 and a one year high of $53.14.
Herc Holdings (NYSE:HTZ) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.53 by $0.12. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Herc Holdings will post $2.98 earnings per share for the current fiscal year.
A number of analysts have recently commented on HTZ shares. Deutsche Bank AG lifted their target price on Herc Holdings from $16.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, July 1st. Northcoast Research reiterated a “buy” rating on shares of Herc Holdings in a research report on Tuesday, July 12th. Barclays PLC started coverage on Herc Holdings in a research report on Tuesday, September 27th. They set an “equal weight” rating and a $52.00 target price on the stock. Macquarie started coverage on Herc Holdings in a research report on Thursday, August 25th. They set a “neutral” rating and a $56.00 target price on the stock. Finally, Morgan Stanley started coverage on Herc Holdings in a research report on Tuesday, September 6th. They set an “overweight” rating and a $57.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.48.
Several institutional investors have recently modified their holdings of the company. Passport Capital LLC bought a new position in shares of Herc Holdings during the second quarter valued at approximately $121,000. Allianz Asset Management AG bought a new position in shares of Herc Holdings during the second quarter valued at approximately $375,000. Pitcairn Co. boosted its position in shares of Herc Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock valued at $159,000 after buying an additional 531 shares during the last quarter. Mountain Lake Investment Management LLC bought a new position in shares of Herc Holdings during the first quarter valued at approximately $158,000. Finally, World Asset Management Inc boosted its position in shares of Herc Holdings by 14.0% in the second quarter. World Asset Management Inc now owns 15,487 shares of the company’s stock valued at $171,000 after buying an additional 1,898 shares during the last quarter.
Herc 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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