Fir Tree adds Hertz Global Holdings Inc (HTZ) to its portfolio

Hertz Global Holdings Inc (HTZ) : Fir Tree added new position in Hertz Global Holdings Inc during the most recent quarter end. The investment management firm now holds 1,530,649 shares of Hertz Global Holdings Inc which is valued at $42,858,172 , the company said in a statement filed on Nov 14, 2016 with the SEC.Hertz Global Holdings Inc makes up approximately 1.94% of Fir Tree’s portfolio.

Other Hedge Funds, Including , Sterling Capital Management boosted its stake in HTZ in the latest quarter, The investment management firm added 744,737 additional shares and now holds a total of 982,551 shares of Hertz Global Holdings Inc which is valued at $27,511,428. Hertz Global Holdings Inc makes up approx 0.25% of Sterling Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in HTZ in the latest quarter, The investment management firm added 127,703 additional shares and now holds a total of 2,007,676 shares of Hertz Global Holdings Inc which is valued at $71,754,340. Hertz Global Holdings Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… added HTZ to its portfolio by purchasing 19,497 company shares during the most recent quarter which is valued at $630,728. Hertz Global Holdings Inc makes up approx 0.01% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. Gateway Investment Advisers added HTZ to its portfolio by purchasing 108,256 company shares during the most recent quarter which is valued at $3,648,227. Hertz Global Holdings Inc makes up approx 0.03% of Gateway Investment Advisers’s portfolio. Regent Investment Management sold out all of its stake in HTZ during the most recent quarter. The investment firm sold 18,225 shares of HTZ which is valued $608,715.

Hertz Global Holdings Inc opened for trading at $25.37 and hit $25.83 on the upside on Monday, eventually ending the session at $25.23, with a gain of 0.36% or 0.09 points. The heightened volatility saw the trading volume jump to 18,69,451 shares. Company has a market cap of $2,093 M.

On the company’s financial health, Hertz Global Holdings Inc reported $1.58 EPS for the quarter, missing the analyst consensus estimate by $ -1.15 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $2.73. The company had revenue of $2542.00 million for the quarter, compared to analysts expectations of $2590.45 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Hertz Global Holdings Inc. Hertz Global Holdings Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Nov 15, 2016. Goldman Initiated Hertz Global Holdings Inc on Oct 24, 2016 to “Sell”, Price Target of the shares are set at $29.Barclays Resumed Hertz Global Holdings Inc on Sep 27, 2016 to “Equal Weight”, Price Target of the shares are set at $52.

Hertz Global Holdings Inc. is a holding company. The Company operates car rental business through its Hertz Dollar Thrifty and Firefly brands. The Company’s operating segments are U.S. Car Rental International Car Rental Worldwide Equipment Rental and All Other Operations. As of December 31 2014 the Company operated 10880 corporate and franchisee locations in North America Europe Latin and South America Asia Australia Africa the Middle East and New Zealand. Its brands maintain separate airport counters reservations and reservation systems marketing and all other customer contact activities. Its Hertz brand has approximately 9395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1380 corporate and franchisee locations in 77 countries and Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Its equipment rental business is operated through the Hertz Equipment Rental brand.

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