Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 21,182 call options on the stock. This is an increase of approximately 1,179% compared to the typical daily volume of 1,656 call options.

Hertz Global (HTZ) opened at $23.92 on Friday. The company has a market cap of $1,880.00 and a P/E ratio of -2.75. Hertz Global has a one year low of $8.52 and a one year high of $27.27. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. equities research analysts anticipate that Hertz Global will post -1.39 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Crow Point Partners LLC purchased a new position in shares of Hertz Global during the third quarter worth approximately $112,000. Pacer Advisors Inc. grew its position in shares of Hertz Global by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after acquiring an additional 9,599 shares during the last quarter. Sei Investments Co. grew its position in shares of Hertz Global by 260.2% during the third quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock worth $265,000 after acquiring an additional 8,575 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Hertz Global during the second quarter worth approximately $147,000. Finally, Suntrust Banks Inc. grew its position in shares of Hertz Global by 2.2% during the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after acquiring an additional 285 shares during the last quarter.

Several analysts recently weighed in on the stock. Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday. Morgan Stanley reduced their target price on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 15th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Zacks Investment Research cut shares of Hertz Global from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Five analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.29.

COPYRIGHT VIOLATION NOTICE: “Hertz Global Sees Unusually High Options Volume (HTZ)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/20/hertz-global-sees-unusually-high-options-volume-htz.html.

Hertz Global 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.

Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.