Horizon Global Corp (HZN) : Springowl Associates reduced its stake in Horizon Global Corp by 5.81% during the most recent quarter end. The investment management company now holds a total of 97,290 shares of Horizon Global Corp which is valued at $1.1 Million after selling 6,000 shares in Horizon Global Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Horizon Global Corp makes up approximately 9.56% of Springowl Associates’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in HZN by selling 7,551 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 578,979 shares of HZN which is valued at $6.7 Million.Manufacturers Life Insurance Company The reduced its stake in HZN by selling 57 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 13,073 shares of HZN which is valued at $151,385. Norges Bank sold out all of its stake in HZN during the most recent quarter. The investment firm sold 201,572 shares of HZN which is valued $2.3 Million. Nine Chapters Capital Management sold out all of its stake in HZN during the most recent quarter. The investment firm sold 14,840 shares of HZN which is valued $171,847.Oxford Asset Management reduced its stake in HZN by selling 30,613 shares or 12.46% in the most recent quarter. The Hedge Fund company now holds 215,073 shares of HZN which is valued at $2.5 Million. Horizon Global Corp makes up approx 0.09% of Oxford Asset Management’s portfolio.
Many Wall Street Analysts have commented on Horizon Global Corp. Barrington Research Upgraded Horizon Global Corp on Mar 2, 2016 to ” Outperform”, Price Target of the shares are set at $15.Company shares were Upgraded by Seaport Global Securities on Mar 2, 2016 to ” Speculative Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .
Horizon Global Corporation is a designer manufacturer and distributor of a range of custom-engineered towing trailer and cargo management products and other accessories. The Company operates through two segments: Cequent Americas which focuses on the North and South American markets and Cequent APEA which focuses on its sales and manufacturing in the Asia Pacific Europe and Africa regions of the world. Its Cequent Americas segment is a manufacturer and provider of aftermarket and original equipment manufacturer (OEM) towing and trailer products and accessories and towing trailer vehicle protection and cargo management solutions. Its products are designed to support OEMs original equipment suppliers’ retail and aftermarket customers within the agricultural automotive construction horse or livestock industrial marine military recreational trailer and utility markets. Its products are used in commercial applications and recreational activities.