Buckingham Capital Management Inc adds Hertz Global Holdings Inc (HTZ) to its portfolio

Hertz Global Holdings Inc (HTZ) : Buckingham Capital Management Inc added new position in Hertz Global Holdings Inc during the most recent quarter end. The investment management firm now holds 867,260 shares of Hertz Global Holdings Inc which is valued at $40,570,423 , the company said in a statement filed on Aug 10, 2016 with the SEC.Hertz Global Holdings Inc makes up approximately 2.19% of Buckingham Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management added HTZ to its portfolio by purchasing 34,003 company shares during the most recent quarter which is valued at $1,590,660. Penserra Capital Management added HTZ to its portfolio by purchasing 894 company shares during the most recent quarter which is valued at $40,543. Hertz Global Holdings Inc makes up approx 0.01% of Penserra Capital Management’s portfolio. Finemark National Bank Trust added HTZ to its portfolio by purchasing 2,831 company shares during the most recent quarter which is valued at $128,386. Hertz Global Holdings Inc makes up approx 0.01% of Finemark National Bank Trust’s portfolio. Fuller Thaler Asset Management added HTZ to its portfolio by purchasing 11,900 company shares during the most recent quarter which is valued at $556,206. Hertz Global Holdings Inc makes up approx 0.01% of Fuller Thaler Asset Management’s portfolio. Financial Architects Inc added HTZ to its portfolio by purchasing 586 company shares during the most recent quarter which is valued at $29,493. Hertz Global Holdings Inc makes up approx 0.01% of Financial Architects Inc’s portfolio.

Hertz Global Holdings Inc closed down -0.32 points or -0.62% at $51 with 9,94,048 shares getting traded on Friday. Post opening the session at $50.74, the shares hit an intraday low of $50.62 and an intraday high of $51.892 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hertz Global Holdings Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.53. The company had revenue of $2270.00 million for the quarter, compared to analysts expectations of $2273.72 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Hertz Global Holdings Inc. Shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Buy” and Lowered the Price Target to $ 63 from a previous price target of $76 .Company shares were Reiterated by MKM Partners on Jul 1, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $16 .Company shares were Reiterated by Deutsche Bank on Jul 1, 2016 to “Buy”, Firm has raised the Price Target to $ 76 from a previous price target of $16 .

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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