Roosevelt Investment Group Inc. trimmed its position in Herc Holdings Inc. (NYSE:HRI) by 16.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,878 shares of the transportation company’s stock after selling 3,980 shares during the period. Roosevelt Investment Group Inc. owned about 0.07% of Herc Holdings worth $821,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Segantii Capital Management Ltd bought a new stake in Herc Holdings in the 1st quarter worth about $154,000. Utah Retirement Systems bought a new stake in Herc Holdings in the 1st quarter worth about $214,000. Princeton Alpha Management LP bought a new stake in Herc Holdings in the 1st quarter worth about $226,000. Trexquant Investment LP bought a new stake in Herc Holdings in the 2nd quarter worth about $229,000. Finally, Eqis Capital Management Inc. bought a new stake in Herc Holdings in the 1st quarter worth about $247,000.
Herc Holdings Inc. (NYSE HRI) traded up 1.42% on Tuesday, hitting $45.82. 71,988 shares of the stock were exchanged. Herc Holdings Inc. has a 12 month low of $28.66 and a 12 month high of $52.96. The stock’s market cap is $1.30 billion. The company has a 50-day moving average of $41.94 and a 200-day moving average of $43.10.
Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.25. The business had revenue of $416.00 million during the quarter, compared to analysts’ expectations of $397.00 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.28) earnings per share. On average, equities analysts predict that Herc Holdings Inc. will post ($0.55) EPS for the current year.
A number of equities research analysts have issued reports on HRI shares. MKM Partners reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Herc Holdings in a research report on Friday, July 7th. Zacks Investment Research raised shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Sidoti downgraded shares of Herc Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.00.
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In related news, COO James Bruce Dressel purchased 2,500 shares of Herc Holdings stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $39.02 per share, for a total transaction of $97,550.00. Following the completion of the purchase, the chief operating officer now directly owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Carl C. Icahn purchased 109,249 shares of Herc Holdings stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $38.95 per share, with a total value of $4,255,248.55. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.
About Herc Holdings
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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