Investors Purchase Large Volume of Call Options on Hertz Global (NYSE:HTZ)

Hertz Global Holdings, Inc (NYSE:HTZ) saw some unusual options trading on Wednesday. Stock traders acquired 21,182 call options on the stock. This represents an increase of 1,179% compared to the typical daily volume of 1,656 call options.

Several large investors have recently made changes to their positions in the company. Voya Investment Management LLC lifted its holdings in shares of Hertz Global by 1.2% during the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 282 shares in the last quarter. Suntrust Banks Inc. increased its position in Hertz Global by 2.2% during the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 285 shares during the last quarter. Rhumbline Advisers increased its position in Hertz Global by 3.2% during the third quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock valued at $1,628,000 after acquiring an additional 2,282 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Hertz Global by 2.5% during the third quarter. Canada Pension Plan Investment Board now owns 105,800 shares of the transportation company’s stock valued at $2,366,000 after acquiring an additional 2,592 shares during the last quarter. Finally, American International Group Inc. increased its position in Hertz Global by 8.1% during the third quarter. American International Group Inc. now owns 36,695 shares of the transportation company’s stock valued at $821,000 after acquiring an additional 2,743 shares during the last quarter.

Hertz Global (HTZ) traded down $0.19 during trading on Friday, reaching $19.91. The company’s stock had a trading volume of 4,287,237 shares, compared to its average volume of 3,031,507. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38. Hertz Global has a twelve month low of $8.52 and a twelve month high of $27.27. The company has a market capitalization of $1,666.91, a P/E ratio of -2.27 and a beta of -0.03.

Hertz Global (NYSE:HTZ) last released its earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.58 billion. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 earnings per share. equities analysts expect that Hertz Global will post -1.39 EPS for the current fiscal year.

Several equities research analysts recently weighed in on HTZ shares. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, October 17th. Northcoast Research restated a “neutral” rating on shares of Hertz Global in a research report on Monday, November 13th. ValuEngine lowered Hertz Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Morgan Stanley dropped their target price on Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 15th. Finally, Macquarie raised Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Hertz Global has a consensus rating of “Hold” and a consensus target price of $17.29.

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Hertz Global Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.

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