Gabelli Funds LLC raised its stake in shares of Hertz Global Holdings by 18.4% in the first quarter.
Total shares held by institutions as of the most recent company filings are 83,518,578 with a reported 22,307,479 bought and 14,308,702 sold.
The Estero, Florida-based company said it had a loss of $2.69 per share. First Manhattan Co. increased its position in Hertz Global Holdings by 251.6% in the first quarter. Adjusted for one-time items, the company reported a net loss of $134 million, or $1.61 a share, compared with an adjusted net loss of $67 million, or 79 cents a share, for the same period past year.
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. In fact, this Zacks Rank #5 (Strong Sell) stock has crashed 47.6% in the last six months, underperforming the Zacks categorized Transportation Services industry's growth of 7%. The biggest holder now is Michel Taride who owns 282,286 shares (0.34% of those outstanding), whilst Mr. Thomas J. Sabatino, Jr holds 235,362 (0.28% of shares outstanding) and Joseph R. Nothwang holds 154,834 (0.18% of shares outstanding).
Turning to Hertz Global Holdings, Inc. (NYSE:VZ), and Hertz Global Holdings, Inc (NYSE:HTZ) shares are worth watching on Tuesday. (HTZ) has the trading volume of 2.82 Million shares with the average trading volume of 3170 shares. The Company has 52-week high of $53.14 and 52-week low of $14.90. The company has managed to keep price to sales ratio of 1.16 against an industry average of 3.68. Revenue, which fell 3.0 percent from the previous year period to $1.92 billion, also fell shy of estimates of $1.94 billion.
Let's have a look at some of the important valuation ratios of the Hertz Global Holdings, Inc (HTZ).
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Hertz Global Holdings, Inc (NYSE:HTZ) revealed a loss per share of $1.61 for the first quarter, which was wider than the Street expectations of a loss of 91 cents a share. During the same period a year ago, the business posted $0.05 EPS.
IDRA's revenue has grown at an average annualized rate of about 214.1% during the past five years. Take a look at back three month ago, consensus EPS estimate opinions was decided at $2.54 by analysts. The number of shares now owned by investors are 88.58 mln.
Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Monday, February 27th. Finally, Deutsche Bank AG reissued a "hold" rating and issued a $24.00 price objective on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. Finally, Barclays PLC restated an "equal weight" rating and issued a $23.00 target price (down from $31.00) on shares of Hertz Global Holdings in a research report on Friday, February 24th. MKM Partners restated a "buy" rating and issued a $29.00 target price (down previously from $33.00) on shares of Hertz Global Holdings in a research note on Sunday, March 19th.
The company's consensus rating on Reuter's scale slipped from 2.23 to 2 during a month. Hertz Global Holdings has an average rating of "Hold" and an average price target of $35.38. These holdings make up 99.76% of the company's outstanding shares.
Total revenues for the first quarter were $1.9 billion, a 3% decline versus the first quarter of 2016.