Clear Harbor Asset Management LLC Lowered Its Stake in Avis Budget Group (CAR) as Stock Value Declined

February 24, 2018 - By Dolores Ford

Investors sentiment decreased to 0.58 in 2017 Q3. Its down 0.46, from 1.04 in 2017Q2. It dropped, as 45 investors sold CAR shares while 83 reduced holdings. 35 funds opened positions while 39 raised stakes. 110.63 million shares or 4.00% less from 115.24 million shares in 2017Q2 were reported. Clear Harbor Asset Mgmt Limited Liability Company has invested 0.23% in Avis Budget Group, Inc. (NASDAQ:CAR). Jpmorgan Chase holds 0.01% or 1.11M shares in its portfolio. Sei Invests reported 38,595 shares or 0.01% of all its holdings. 13,685 are held by Public Employees Retirement Association Of Colorado. Aperio Group Incorporated Limited Liability holds 0.01% or 31,318 shares in its portfolio. Citadel Lc holds 0% or 21,146 shares in its portfolio. Liberty Mutual Gru Asset Management Inc has 0.05% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 22,033 shares. Dimensional Fund Advsr Lp invested 0.03% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Credit Agricole S A reported 0% stake. The Oregon-based Oregon Employees Retirement Fund has invested 0.02% in Avis Budget Group, Inc. (NASDAQ:CAR). Baupost Gp Ltd Co Ma reported 0.49% stake. Next Grp Inc reported 0% in Avis Budget Group, Inc. (NASDAQ:CAR). Assetmark reported 136 shares or 0% of all its holdings. Rhumbline Advisers reported 170,044 shares. Peak6 Invests Ltd Partnership holds 0.02% in Avis Budget Group, Inc. (NASDAQ:CAR) or 123,315 shares.

Since August 31, 2017, it had 1 insider purchase, and 7 selling transactions for $123.81 million activity. $1.05 million worth of Avis Budget Group, Inc. (NASDAQ:CAR) was sold by De Shon Larry D. On Thursday, August 31 Linnen Edward P sold $108,270 worth of Avis Budget Group, Inc. (NASDAQ:CAR) or 3,000 shares. Servodidio Mark J sold $1.05 million worth of stock or 29,000 shares. On Wednesday, September 6 Calabria David T sold $46,618 worth of Avis Budget Group, Inc. (NASDAQ:CAR) or 1,300 shares. The insider SRS Investment Management – LLC bought $141.96M. The insider Sweeney Stender E sold $52,530.

Clear Harbor Asset Management Llc decreased its stake in Avis Budget Group (CAR) by 83.79% based on its latest 2017Q3 regulatory filing with the SEC. Clear Harbor Asset Management Llc sold 154,565 shares as the company’s stock declined 33.71% while stock markets rallied. The institutional investor held 29,895 shares of the consumer services company at the end of 2017Q3, valued at $1.14 million, down from 184,460 at the end of the previous reported quarter. Clear Harbor Asset Management Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.73B market cap company. The stock increased 3.69% or $1.63 during the last trading session, reaching $45.83. About 5.01M shares traded or 92.49% up from the average. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since February 24, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Clear Harbor Asset Management Llc, which manages about $493.82M and $504.15 million US Long portfolio, upped its stake in Discover Finl Svcs (NYSE:DFS) by 48,295 shares to 102,425 shares, valued at $6.60 million in 2017Q3, according to the filing.

More notable recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Marketwatch.com which released: “Avis Budget Group’s Christmas surprise fuels hope for coming months” on February 22, 2018, also Benzinga.com with their article: “Goldman Sees 18% Downside To Avis Budget Group, Downgrades to Sell” published on February 14, 2018, Nasdaq.com published: “Avis Budget (CAR) Q4 Earnings Beat Estimates, ’18 View Solid” on February 22, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) were released by: Nasdaq.com and their article: “Avis Budget Group Inc. Bottom Line Rises In Q4” published on February 21, 2018 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Avis Budget Group Inc., 77.8% Follow-Through …” with publication date: February 21, 2018.

Avis Budget Group, Inc. (NASDAQ:CAR) Ratings Coverage

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Avis Budget had 36 analyst reports since August 5, 2015 according to SRatingsIntel. JP Morgan downgraded the shares of CAR in report on Wednesday, November 4 to “Neutral” rating. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) has “Underweight” rating given on Friday, September 15 by Morgan Stanley. Goldman Sachs initiated Avis Budget Group, Inc. (NASDAQ:CAR) on Monday, October 24 with “Neutral” rating. The company was maintained on Thursday, February 25 by M Partners. The rating was maintained by Credit Suisse with “Hold” on Thursday, September 14. The firm has “Sell” rating by Goldman Sachs given on Wednesday, February 14. The stock has “Buy” rating by Deutsche Bank on Thursday, February 25. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, August 10. Barclays Capital maintained it with “Equal-Weight” rating and $32 target in Wednesday, November 1 report. The firm earned “Equal Weight” rating on Monday, November 16 by Barclays Capital.

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