Hertz Global Holdings, Inc (HTZ) Shares Bought by Saba Capital Management L.P.

Saba Capital Management L.P. boosted its stake in Hertz Global Holdings, Inc (NYSE:HTZ) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,456 shares of the transportation company’s stock after purchasing an additional 7,481 shares during the period. Saba Capital Management L.P. owned approximately 0.34% of Hertz Global worth $5,686,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. ProVise Management Group LLC grew its position in Hertz Global by 16.0% in the 4th quarter. ProVise Management Group LLC now owns 21,127 shares of the transportation company’s stock worth $467,000 after purchasing an additional 2,909 shares during the period. Sei Investments Co. grew its position in Hertz Global by 59.3% in the 1st quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock worth $178,000 after purchasing an additional 3,343 shares during the period. 13D Management LLC grew its position in Hertz Global by 4.3% in the 4th quarter. 13D Management LLC now owns 86,904 shares of the transportation company’s stock worth $1,921,000 after purchasing an additional 3,620 shares during the period. Aperio Group LLC grew its position in Hertz Global by 17.0% in the 4th quarter. Aperio Group LLC now owns 29,077 shares of the transportation company’s stock worth $643,000 after purchasing an additional 4,232 shares during the period. Finally, Hosking Partners LLP grew its position in Hertz Global by 8.2% in the 4th quarter. Hosking Partners LLP now owns 59,107 shares of the transportation company’s stock worth $1,306,000 after purchasing an additional 4,475 shares during the period.

Shares of HTZ stock opened at $17.90 on Thursday. Hertz Global Holdings, Inc has a 1 year low of $8.52 and a 1 year high of $27.27. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 14.77. The firm has a market cap of $1.42 billion, a PE ratio of -11.26 and a beta of 0.04.



Hertz Global (NYSE:HTZ) last released its earnings results on Monday, May 7th. The transportation company reported ($1.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.26) by ($0.32). Hertz Global had a net margin of 3.90% and a negative return on equity of 12.06%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the firm posted ($1.61) EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts forecast that Hertz Global Holdings, Inc will post -1.06 earnings per share for the current fiscal year.

In other news, CFO Thomas C. Kennedy bought 15,000 shares of the stock in a transaction that occurred on Thursday, May 10th. The shares were bought at an average price of $17.22 per share, for a total transaction of $258,300.00. Following the purchase, the chief financial officer now owns 55,376 shares in the company, valued at $953,574.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

HTZ has been the subject of a number of recent research reports. ValuEngine raised shares of Hertz Global from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded shares of Hertz Global from a “hold” rating to a “sell” rating in a research report on Tuesday, May 15th. Finally, Goldman Sachs Group cut their price objective on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.71.

Hertz Global Profile

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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

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