Cubist Systematic Strategies LLC bought a new stake in Horizon Global Corporation (NYSE:HZN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,948 shares of the company’s stock, valued at approximately $186,000. Cubist Systematic Strategies LLC owned approximately 0.05% of Horizon Global Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new stake in Horizon Global Corporation in the second quarter valued at $159,000. Sei Investments Co. lifted its stake in Horizon Global Corporation by 58.1% in the second quarter. Sei Investments Co. now owns 12,406 shares of the company’s stock valued at $178,000 after acquiring an additional 4,561 shares during the last quarter. Wilen Investment Management CORP. lifted its stake in Horizon Global Corporation by 3.0% in the second quarter. Wilen Investment Management CORP. now owns 12,440 shares of the company’s stock valued at $174,000 after acquiring an additional 360 shares during the last quarter. American International Group Inc. lifted its stake in Horizon Global Corporation by 25.7% in the first quarter. American International Group Inc. now owns 13,190 shares of the company’s stock valued at $183,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its stake in Horizon Global Corporation by 8.4% in the second quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock valued at $188,000 after acquiring an additional 1,025 shares during the last quarter. Institutional investors own 92.49% of the company’s stock.
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A number of research firms have recently weighed in on HZN. Zacks Investment Research upgraded shares of Horizon Global Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Thursday, August 3rd. Roth Capital set a $22.00 target price on shares of Horizon Global Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Horizon Global Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets raised their price target on shares of Horizon Global Corporation from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, Bank of America Corporation lowered shares of Horizon Global Corporation from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.83.
In other news, CEO A Mark Zeffiro sold 17,130 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $16.45, for a total transaction of $281,788.50. Following the sale, the chief executive officer now directly owns 238,284 shares in the company, valued at $3,919,771.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.27% of the company’s stock.
Shares of Horizon Global Corporation (NYSE:HZN) opened at $14.68 on Friday. The company has a market cap of $366.09, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.79. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.89 and a current ratio of 1.62. Horizon Global Corporation has a one year low of $11.80 and a one year high of $26.36.
Horizon Global Corporation (NYSE:HZN) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $240.10 million for 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 firm’s quarterly revenue was up 58.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. equities research analysts forecast that Horizon Global Corporation will post 1.08 earnings per share for the current fiscal year.
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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