Formula Growth Ltd. grew its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 550.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,627,293 shares of the transportation company’s stock after purchasing an additional 1,377,293 shares during the period. Hertz Global Holdings comprises approximately 3.2% of Formula Growth Ltd.’s investment portfolio, making the stock its 6th largest position. Formula Growth Ltd. owned 1.94% of Hertz Global Holdings worth $18,714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Hertz Global Holdings by 46.2% during the 1st quarter. Bank of Montreal Can now owns 18,033 shares of the transportation company’s stock worth $316,000 after buying an additional 5,698 shares during the period. Nisa Investment Advisors LLC acquired a new stake in Hertz Global Holdings during the 1st quarter worth approximately $174,000. Russell Investments Group Ltd. boosted its position in Hertz Global Holdings by 40.4% during the 1st quarter. Russell Investments Group Ltd. now owns 17,400 shares of the transportation company’s stock worth $305,000 after buying an additional 5,007 shares during the period. Great West Life Assurance Co. Can boosted its position in Hertz Global Holdings by 52.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 44,876 shares of the transportation company’s stock worth $786,000 after buying an additional 15,382 shares during the period. Finally, First Trust Advisors LP boosted its position in Hertz Global Holdings by 40.8% during the 1st quarter. First Trust Advisors LP now owns 226,897 shares of the transportation company’s stock worth $3,980,000 after buying an additional 65,770 shares during the period.

Hertz Global Holdings, Inc (HTZ) traded up 1.5626% during mid-day trading on Friday, hitting $23.5219. 2,174,140 shares of the stock traded hands. The company has a 50-day moving average of $22.25 and a 200 day moving average of $22.25. The firm’s market capitalization is $1.97 billion. Hertz Global Holdings, Inc has a 1-year low of $17.20 and a 1-year high of $48.00.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Hertz Global Holdings, Inc will post ($1.52) EPS for the current year.

Several research firms recently commented on HTZ. Zacks Investment Research downgraded shares of Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. MKM Partners reiterated a “buy” rating and set a $22.00 target price on shares of Hertz Global Holdings in a research report on Thursday, August 10th. Deutsche Bank AG set a $14.00 target price on shares of Hertz Global Holdings and gave the stock a “hold” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Hertz Global Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Six equities 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 stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.86.

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In related news, SVP Robin Kramer sold 3,524 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

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.

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

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