Teachers Advisors LLC Boosts Position in Horizon Global Corporation (HZN)
Teachers Advisors LLC boosted its holdings in shares of Horizon Global Corporation (NYSE:HZN) by 20.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,500 shares of the company’s stock after purchasing an additional 7,512 shares during the period. Teachers Advisors LLC owned about 0.18% of Horizon Global Corporation worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of HZN. SG Capital Management LLC acquired a new position in Horizon Global Corporation during the second quarter valued at $6,330,000. Northpointe Capital LLC lifted its position in Horizon Global Corporation by 45.7% during the second quarter. Northpointe Capital LLC now owns 1,164,249 shares of the company’s stock valued at $16,719,000 after purchasing an additional 365,171 shares during the period. Tygh Capital Management Inc. acquired a new position in Horizon Global Corporation during the second quarter valued at $3,259,000. Dimensional Fund Advisors LP lifted its position in Horizon Global Corporation by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,010,260 shares of the company’s stock valued at $14,022,000 after purchasing an additional 208,508 shares during the period. Finally, Vanguard Group Inc. lifted its position in Horizon Global Corporation by 24.2% during the first quarter. Vanguard Group Inc. now owns 887,446 shares of the company’s stock valued at $12,318,000 after purchasing an additional 172,933 shares during the period. Institutional investors own 92.26% of the company’s stock.
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Horizon Global Corporation (NYSE HZN) opened at $13.56 on Thursday. The firm has a market cap of $340.40, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.79. Horizon Global Corporation has a 1 year low of $11.80 and a 1 year high of $26.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 0.76.
Horizon Global Corporation (NYSE:HZN) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $227.24 million. Horizon Global Corporation had a negative net margin of 0.56% and a positive return on equity of 16.58%. The company’s revenue was up 58.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. sell-side analysts expect that Horizon Global Corporation will post 1.08 EPS for the current year.
In other news, CEO A Mark Zeffiro sold 17,130 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $16.45, for a total transaction of $281,788.50. Following the completion of the sale, the chief executive officer now owns 238,284 shares of the company’s stock, valued at $3,919,771.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is owned by insiders.
A number of research analysts have weighed in on the stock. BidaskClub downgraded shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BMO Capital Markets upped their price objective on shares of Horizon Global Corporation from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Roth Capital set a $22.00 price objective on shares of Horizon Global Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Bank of America Corporation downgraded shares of Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.83.
Horizon Global Corporation Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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