Could Hertz Global Holdings, Inc Gain Strenght? Option Traders Don’t Think So


 Could Hertz Global Holdings, Inc Gain Strenght? Option Traders Don't Think So

In today’s session Hertz Global Holdings, Inc (HTZ) recorded an unusually high (1,136) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious HTZ decrease. With 1,136 contracts traded and 3154 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: HTZ161021P00035000 closed last at: $1.9 or 65.2% up. About 978,034 shares traded hands. Hertz Global Holdings, Inc (NYSE:HTZ) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.

Analysts await Hertz Global Holdings, Inc (NYSE:HTZ) to report earnings on November, 14. HTZ’s profit will be $253.77 million for 2.81 P/E if the $2.95 EPS becomes a reality. After $0.41 actual earnings per share reported by Hertz Global Holdings, Inc for the previous quarter, Wall Street now forecasts 619.51% EPS growth.

Hertz Global Holdings, Inc (NYSE:HTZ) Ratings Coverage

Out of 8 analysts covering Hertz Global Holdings Inc. (NYSE:HTZ), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Hertz Global Holdings Inc. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Macquarie Research initiated the shares of HTZ in a report on Friday, August 26 with “Neutral” rating. The rating was maintained by M Partners with “Buy” on Friday, July 1. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, August 10. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, April 12 report. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, March 22. The rating was downgraded by Morgan Stanley on Thursday, July 23 to “Underweight”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 2. Goldman Sachs reinitiated the shares of HTZ in a report on Thursday, August 13 with “Buy” rating. Deutsche Bank maintained Hertz Global Holdings, Inc (NYSE:HTZ) on Thursday, August 13 with “Buy” rating. The firm earned “Buy” rating on Tuesday, November 10 by M Partners.

According to Zacks Investment Research, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States.”

Insitutional Activity: The institutional sentiment decreased to 0.42 in 2016 Q2. Its down 0.79, from 1.21 in 2016Q1. The ratio fall, as 136 funds sold all Hertz Global Holdings, Inc shares owned while 77 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 262.25 million shares or 33.32% less from 393.29 million shares in 2016Q1.
Winslow Evans Crocker last reported 4,234 shares in the company. Goldman Sachs Inc reported 2.24 million shares or 0.01% of all its holdings. State Of Wisconsin Inv Board accumulated 332,115 shares or 0.01% of the stock. California Pub Employees Retirement Systems owns 1.75M shares or 0.03% of their US portfolio. Aperio Group Ltd Com holds 0.01% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 112,848 shares. Stifel Financial has 18,045 shares for 0% of their US portfolio. Jane Street Group Lc last reported 0% of its portfolio in the stock. Oregon Pub Employees Retirement Fund, a Oregon-based fund reported 81,675 shares. Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 83,012 shares. Morgan Stanley owns 4.80M shares or 0.02% of their US portfolio. Ubs Asset Management Americas has 0.01% invested in the company for 550,700 shares. Dimensional Fund Advsr Lp holds 0.03% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 5.23M shares. Citadel Advsrs Ltd holds 1.64M shares or 0.02% of its portfolio. Gam Holdings Ag, a Switzerland-based fund reported 30,000 shares. Moreover, Metropolitan Life Ins Ny has 0% invested in Hertz Global Holdings, Inc (NYSE:HTZ) for 13,930 shares.

Insider Transactions: Since May 13, 2016, the stock had 7 insider buys, and 0 selling transactions for $11.66 million net activity. $451,080 worth of Hertz Global Holdings, Inc (NYSE:HTZ) was bought by Best Tyler on Thursday, June 2. Browning James H bought $49,410 worth of Hertz Global Holdings, Inc (NYSE:HTZ) on Friday, August 12. Kennedy Thomas C bought $310,400 worth of stock or 40,000 shares. ICAHN CARL C had bought 983,929 shares worth $9.74 million. The insider Foland Jeffrey T. bought $495,950. TAGUE JOHN P bought $517,352 worth of stock. Another trade for 10,000 shares valued at $98,963 was bought by Marren Alexandria Panot.

HTZ Company Profile

Herc Holdings Inc., incorporated on July 15, 2005, is an equipment rental supplier. The Firm operates approximately 280 branches, of which approximately 270 are in the United States and Canada. The Firm supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The Firm operates through its Herc Rentals Inc. subsidiary.

More notable recent Hertz Global Holdings, Inc (NYSE:HTZ) news were published by: which released: “Hertz Global Holdings, Reports Second Quarter 2016 Financial Results” on August 08, 2016, also with their article: “Stocks Hitting 52-Week Lows” published on October 17, 2016, published: “Why Hertz Global Holdings Inc. Slumped Today” on April 11, 2016. More interesting news about Hertz Global Holdings, Inc (NYSE:HTZ) were released by: and their article: “Hertz Global Holdings Announces Pricing of $800 Million Private Offering of …” published on September 08, 2016 as well as‘s news article titled: “Hertz Global Holdings Receives $2 Billion Proceeds From Separation of …” with publication date: June 30, 2016.

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