Horizon Global Co. (NYSE:HZN – Get Rating) Director John C. Kennedy acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average cost of $2.83 per share, for a total transaction of $28,300.00. Following the completion of the transaction, the director now directly owns 864,209 shares in the company, valued at approximately $2,445,711.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
HZN stock opened at $2.38 on Friday. Horizon Global Co. has a 12-month low of $2.35 and a 12-month high of $10.14. The stock’s 50 day simple moving average is $4.64 and its 200 day simple moving average is $6.34.
Horizon Global (NYSE:HZN – Get Rating) last released its quarterly earnings results on Thursday, March 10th. The company reported ($0.58) earnings per share for the quarter. The firm had revenue of $164.27 million during the quarter.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlas FRM LLC bought a new position in shares of Horizon Global during the 4th quarter valued at $19,989,000. Royce & Associates LP lifted its holdings in shares of Horizon Global by 13.3% during the 1st quarter. Royce & Associates LP now owns 1,884,558 shares of the company’s stock valued at $10,761,000 after buying an additional 220,601 shares during the period. Iron Park Capital Partners LP bought a new position in shares of Horizon Global during the 4th quarter valued at $12,744,000. Ancora Advisors LLC lifted its holdings in shares of Horizon Global by 191.1% during the 3rd quarter. Ancora Advisors LLC now owns 539,715 shares of the company’s stock valued at $3,794,000 after buying an additional 354,282 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Horizon Global by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 490,218 shares of the company’s stock valued at $2,799,000 after buying an additional 11,231 shares during the period. 68.24% of the stock is currently owned by hedge funds and other institutional investors.
About Horizon Global (Get Rating)
Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. It operates in two segments, Horizon Americas and Horizon Europe-Africa. The company provides towing products, such as hitches/tow bars, fifth wheels, gooseneck hitches, weight distribution systems, brake controllers, wiring harnesses, draw bars, ball mounts, crossbars, security products, and other towing accessories.
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