Todays Report: Today, RMB Capital Management LLC lowers its Position in Horizon Global Corp. (HZN)

Today, RMB Capital Management LLC lowers its Position in Horizon Global Corp. (HZN)

RMB Capital Management LLC reduced its stake in shares of Horizon Global Corp. (NYSE:HZN) by 65.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,400 shares of the company’s stock after selling 209,254 shares during the period. RMB Capital Management LLC owned 0.60% of Horizon Global Corp. worth $2,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Advisors LLC increased its position in Horizon Global Corp. by 0.4% in the second quarter. BlackRock Advisors LLC now owns 70,178 shares of the company’s stock valued at $797,000 after buying an additional 292 shares in the last quarter. Nationwide Fund Advisors increased its position in Horizon Global Corp. by 5.7% in the second quarter. Nationwide Fund Advisors now owns 12,413 shares of the company’s stock valued at $141,000 after buying an additional 672 shares in the last quarter. Alliancebernstein L.P. increased its position in Horizon Global Corp. by 3.3% in the second quarter. Alliancebernstein L.P. now owns 25,050 shares of the company’s stock valued at $284,000 after buying an additional 800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Horizon Global Corp. by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,488 shares of the company’s stock valued at $653,000 after buying an additional 882 shares in the last quarter. Finally, Barclays PLC increased its position in Horizon Global Corp. by 3.2% in the first quarter. Barclays PLC now owns 44,908 shares of the company’s stock valued at $539,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Shares of Horizon Global Corp. (NYSE:HZN) traded down 0.84% during midday trading on Friday, hitting $23.50. The stock had a trading volume of 116,872 shares. The stock has a market cap of $491.10 million, a price-to-earnings ratio of 52.22 and a beta of 2.24. The firm’s 50-day moving average price is $21.48 and its 200-day moving average price is $16.00. Horizon Global Corp. has a 1-year low of $8.06 and a 1-year high of $24.75.

Horizon Global Corp. (NYSE:HZN) last posted its earnings results on Wednesday, November 2nd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Horizon Global Corp. had a return on equity of 208.56% and a net margin of 1.39%. The business earned $151.72 million during the quarter, compared to analysts’ expectations of $154.49 million. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Analysts forecast that Horizon Global Corp. will post $1.10 earnings per share for the current year.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research report on Wednesday, August 10th. TheStreet upgraded Horizon Global Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Finally, CJS Securities assumed coverage on Horizon Global Corp. in a research report on Tuesday, September 20th. They issued a “market outperform” rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Horizon Global Corp. currently has an average rating of “Buy” and an average target price of $17.40.

Horizon Global Corp. Company Profile

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA.

Related posts

Leave a Comment