Stock analysts at StockNews.com began coverage on shares of Horizon Global (NYSE:HZN – Get Rating) in a research report issued on Sunday. The firm set a "hold" rating on the stock.
Horizon Global Price Performance
Horizon Global stock opened at $1.72 on Friday. Horizon Global has a 12-month low of $0.30 and a 12-month high of $8.67. The company has a market capitalization of $47.70 million, a price-to-earnings ratio of -0.52 and a beta of 1.70. The firm's fifty day moving average price is $0.69 and its 200 day moving average price is $1.16.
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Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its holdings in Horizon Global by 1.5% during the 2nd quarter. Royce & Associates LP now owns 1,912,894 shares of the company's stock worth $3,118,000 after acquiring an additional 28,336 shares in the last quarter. Vanguard Group Inc. grew its holdings in Horizon Global by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,083,782 shares of the company's stock worth $1,333,000 after acquiring an additional 48,250 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Horizon Global by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 490,218 shares of the company's stock worth $2,799,000 after acquiring an additional 11,231 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Horizon Global by 12.0% in the 2nd quarter. Renaissance Technologies LLC now owns 226,102 shares of the company's stock valued at $369,000 after buying an additional 24,300 shares during the period. Finally, Deltec Asset Management LLC boosted its holdings in shares of Horizon Global by 71.5% in the 3rd quarter. Deltec Asset Management LLC now owns 37,611 shares of the company's stock valued at $46,000 after buying an additional 15,685 shares during the period. 60.48% of the stock is owned by institutional investors and hedge funds.
About Horizon Global
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Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. It operates in two segments, Horizon Americas and Horizon Europe-Africa. The company provides towing products, such as hitches/tow bars, fifth wheels, gooseneck hitches, weight distribution systems, brake controllers, wiring harnesses, draw bars, ball mounts, crossbars, security products, and other towing accessories.
Further Reading
- Get a free copy of the StockNews.com research report on Horizon Global (HZN)
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