Neuberger Berman Group LLC increased its holdings in Hertz Global Holdings, Inc (NYSE:HTZ) by 22.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,162,668 shares of the transportation company’s stock after buying an additional 216,565 shares during the period. Neuberger Berman Group LLC owned 1.39% of Hertz Global Holdings worth $13,371,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HTZ. Segantii Capital Management Ltd purchased a new stake in shares of Hertz Global Holdings in the first quarter worth $167,000. Nisa Investment Advisors LLC purchased a new stake in shares of Hertz Global Holdings in the first quarter worth $174,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after buying an additional 5,900 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Hertz Global Holdings in the first quarter worth $211,000. Finally, Suntrust Banks Inc. raised its position in shares of Hertz Global Holdings by 3.5% in the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock worth $224,000 after buying an additional 434 shares in the last quarter.

Hertz Global Holdings, Inc (NYSE:HTZ) opened at 23.18 on Friday. The company’s market capitalization is $1.94 billion. The stock’s 50 day moving average price is $17.81 and its 200-day moving average price is $15.50. Hertz Global Holdings, Inc has a 52 week low of $8.52 and a 52 week high of $50.46.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.51. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, equities research analysts predict that Hertz Global Holdings, Inc will post ($1.60) earnings per share for the current fiscal year.

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A number of research analysts recently commented on the company. Deutsche Bank AG set a $14.00 target price on Hertz Global Holdings and gave the company a “hold” rating in a research note on Wednesday, August 9th. BidaskClub cut Hertz Global Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine raised Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, MKM Partners reissued a “buy” rating and issued a $22.00 target price on shares of Hertz Global Holdings in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Hertz Global Holdings currently has a consensus rating of “Hold” and a consensus target price of $16.57.

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.

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

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