Tocqueville Asset Management L.P. Has $15,312,000 Position in Horizon Global Corp. (HZN)
Tocqueville Asset Management L.P. raised its position in shares of Horizon Global Corp. (NYSE:HZN) by 0.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,349,058 shares of the company’s stock after buying an additional 1,050 shares during the period. Tocqueville Asset Management L.P. owned about 7.43% of Horizon Global Corp. worth $15,312,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Horizon Global Corp. by 3.2% in the first quarter. Barclays PLC now owns 44,908 shares of the company’s stock worth $539,000 after buying an additional 1,400 shares during the period. Renaissance Technologies LLC raised its position in Horizon Global Corp. by 48.7% in the first quarter. Renaissance Technologies LLC now owns 115,400 shares of the company’s stock worth $1,452,000 after buying an additional 37,800 shares during the period. Spark Investment Management LLC raised its position in Horizon Global Corp. by 362.8% in the first quarter. Spark Investment Management LLC now owns 135,600 shares of the company’s stock worth $1,705,000 after buying an additional 106,300 shares during the period. Motley Fool Wealth Management LLC raised its position in Horizon Global Corp. by 10.1% in the first quarter. Motley Fool Wealth Management LLC now owns 213,675 shares of the company’s stock worth $2,688,000 after buying an additional 19,568 shares during the period. Finally, Northpointe Capital LLC raised its position in Horizon Global Corp. by 5.8% in the second quarter. Northpointe Capital LLC now owns 223,567 shares of the company’s stock worth $2,537,000 after buying an additional 12,206 shares during the period. Hedge funds and other institutional investors own 88.31% of the company’s stock.
Horizon Global Corp. (NYSE:HZN) traded up 0.74% during trading on Friday, reaching $20.51. 103,558 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $19.18 and its 200 day moving average price is $14.10. The firm has a market cap of $373.14 million, a P/E ratio of 26.29 and a beta of 2.25. Horizon Global Corp. has a 52-week low of $8.04 and a 52-week high of $22.12.
Horizon Global Corp. (NYSE:HZN) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. The firm earned $167.76 million during the quarter, compared to analysts’ expectations of $166.54 million. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%. Equities research analysts anticipate that Horizon Global Corp. will post $1.09 EPS for the current fiscal year.
A number of research firms have commented on HZN. Zacks Investment Research lowered shares of Horizon Global Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. CJS Securities began coverage on shares of Horizon Global Corp. in a research report on Tuesday, September 20th. They issued a “market outperform” rating and a $23.00 price target on the stock. Finally, TheStreet upgraded shares of Horizon Global Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $16.50.
Horizon Global Corp. Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.
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