StockNews.com assumed coverage on shares of Horizon Global (NYSE:HZN – Get Rating) in a research note issued to investors on Tuesday. The firm set a "hold" rating on the stock.
Horizon Global Stock Performance
Horizon Global stock opened at $1.72 on Tuesday. The stock has a 50-day moving average of $0.92 and a two-hundred day moving average of $1.16. Horizon Global has a one year low of $0.30 and a one year high of $7.98. The stock has a market cap of $47.70 million, a PE ratio of -0.52 and a beta of 1.70.
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Horizon Global (NYSE:HZN – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.92) EPS for the quarter. The business had revenue of $148.97 million during the quarter.
Institutional Investors Weigh In On Horizon Global
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Horizon Global in the first quarter valued at about $65,000. Deltec Asset Management LLC raised its stake in shares of Horizon Global by 71.5% in the third quarter. Deltec Asset Management LLC now owns 37,611 shares of the company's stock worth $46,000 after purchasing an additional 15,685 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Horizon Global by 12.0% in the second quarter. Renaissance Technologies LLC now owns 226,102 shares of the company's stock worth $369,000 after purchasing an additional 24,300 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Horizon Global by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 490,218 shares of the company's stock worth $2,799,000 after purchasing an additional 11,231 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Horizon Global by 4.7% in the third quarter. Vanguard Group Inc. now owns 1,083,782 shares of the company's stock worth $1,333,000 after purchasing an additional 48,250 shares during the last quarter. 60.48% of the stock is currently owned by hedge funds and other institutional investors.
About Horizon Global
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Horizon Global Corp. engages in the design, manufacture and distribution of custom-engineered towing, trailering, cargo management and other related accessory products. It operates through the following segments: Horizon Americas and Horizon Europe-Africa. The Horizon Americas segment sells towing and trailering-related products through retail, aftermarket, original equipment manufacturers, e-commerce, and industrial channels in North and South America.
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