Karp Capital Management Corp acquired a new stake in Hertz Global Holdings, Inc (NYSE:HTZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,030 shares of the transportation company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new position in shares of Hertz Global Holdings during the first quarter valued at $31,572,000. Gamco Investors INC. ET AL increased its stake in shares of Hertz Global Holdings by 50.0% in the first quarter. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company’s stock valued at $59,392,000 after buying an additional 1,127,957 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. Wells Fargo & Company MN increased its stake in shares of Hertz Global Holdings by 42.9% in the first quarter. Wells Fargo & Company MN now owns 1,529,906 shares of the transportation company’s stock valued at $26,834,000 after buying an additional 459,251 shares in the last quarter. Finally, Pictet Asset Management Ltd. purchased a new stake in shares of Hertz Global Holdings during the first quarter valued at $6,789,000.

Hertz Global Holdings, Inc (NYSE HTZ) traded up 10.32% on Friday, reaching $14.32. 11,507,040 shares of the company’s stock were exchanged. Hertz Global Holdings, Inc has a 52 week low of $8.52 and a 52 week high of $52.27. The stock’s 50 day moving average is $12.76 and its 200 day moving average is $15.89. The company’s market cap is $1.20 billion. Hertz Global Holdings also saw unusually large options trading on Thursday. Traders bought 24,812 put options on the company. This is an increase of 648% compared to the average volume of 3,316 put options.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings data on Monday, May 8th. The transportation company reported ($1.61) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.00) by $0.61. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. Hertz Global Holdings had a negative return on equity of 1.86% and a negative net margin of 7.60%. Hertz Global Holdings’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.79) earnings per share. On average, equities analysts anticipate that Hertz Global Holdings, Inc will post ($0.60) earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. J P Morgan Chase & Co assumed coverage on shares of Hertz Global Holdings in a research report on Friday. They issued a “neutral” rating and a $15.00 target price on the stock. BidaskClub raised shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Monday. Barclays PLC downgraded shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $17.34 to $9.00 in a research report on Monday. Zacks Investment Research downgraded shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, ValuEngine downgraded shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.75.

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.

Institutional Ownership by Quarter for Hertz Global Holdings (NYSE:HTZ)

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