California Public Employees Retirement System raised its position in shares of Horizon Global Corp. (NYSE:HZN) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 142,800 shares of the company’s stock after buying an additional 4,800 shares during the period. California Public Employees Retirement System owned approximately 0.79% of Horizon Global Corp. worth $1,621,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Emerald Acquisition Ltd. acquired a new stake in shares of Horizon Global Corp. during the second quarter worth approximately $8,868,000. RMB Capital Management LLC boosted its stake in Horizon Global Corp. by 10.4% in the second quarter. RMB Capital Management LLC now owns 317,654 shares of the company’s stock valued at $3,605,000 after buying an additional 29,970 shares in the last quarter. Wilen Investment Management CORP. purchased a new stake in Horizon Global Corp. during the second quarter valued at about $139,000. Northpointe Capital LLC boosted its stake in Horizon Global Corp. by 5.8% in the second quarter. Northpointe Capital LLC now owns 223,567 shares of the company’s stock valued at $2,537,000 after buying an additional 12,206 shares in the last quarter. Finally, Barclays PLC boosted its stake 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. 88.31% of the stock is currently owned by hedge funds and other institutional investors.
Horizon Global Corp. (NYSE:HZN) traded down 0.14% during midday trading on Friday, hitting $21.52. 248,180 shares of the company traded hands. The stock has a 50 day moving average price of $18.54 and a 200-day moving average price of $13.85. Horizon Global Corp. has a 12-month low of $8.04 and a 12-month high of $21.79. The company has a market cap of $391.51 million, a PE ratio of 27.59 and a beta of 2.25.
Horizon Global Corp. (NYSE:HZN) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. Horizon Global Corp. had a net margin of 2.40% and a return on equity of 360.31%. The business had revenue of $167.76 million for the quarter, compared to analysts’ expectations of $166.54 million. Analysts expect that Horizon Global Corp. will post $1.09 EPS for the current year.
HZN has been the topic of several analyst reports. Zacks Investment Research raised shares of Horizon Global Corp. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, August 10th. TheStreet raised shares of Horizon Global Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, CJS Securities initiated coverage on shares of Horizon Global Corp. in a research note on Tuesday, September 20th. They set a “market outperform” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.50.
About Horizon Global Corp.
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.
Want to see what other hedge funds are holding HZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horizon Global Corp. (NYSE:HZN).
Receive News & Ratings for Horizon Global Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Global Corp. and related companies with MarketBeat.com's FREE daily email newsletter.