Horizon Global Corp (HZN) Shares Bought by Spitfire Capital LLC
Spitfire Capital LLC boosted its stake in Horizon Global Corp (NYSE:HZN) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,093,319 shares of the company’s stock after acquiring an additional 22,100 shares during the period. Horizon Global accounts for 8.0% of Spitfire Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Spitfire Capital LLC owned about 4.38% of Horizon Global worth $19,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Northpointe Capital LLC boosted its holdings in shares of Horizon Global by 45.7% during the 2nd quarter. Northpointe Capital LLC now owns 1,164,249 shares of the company’s stock worth $16,719,000 after buying an additional 365,171 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Horizon Global by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,021,346 shares of the company’s stock worth $18,017,000 after buying an additional 29,724 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Horizon Global by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 942,857 shares of the company’s stock worth $13,539,000 after buying an additional 55,411 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Horizon Global by 5.2% during the 2nd quarter. Royal Bank of Canada now owns 912,066 shares of the company’s stock worth $13,097,000 after buying an additional 44,671 shares in the last quarter. Finally, Walthausen & Co. LLC bought a new position in shares of Horizon Global during the 2nd quarter worth approximately $11,654,000. Institutional investors and hedge funds own 90.84% of the company’s stock.
Shares of Horizon Global Corp (NYSE HZN) traded up $0.06 during trading hours on Wednesday, hitting $13.82. The stock had a trading volume of 119,800 shares, compared to its average volume of 351,876. The firm has a market capitalization of $343.15, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. Horizon Global Corp has a one year low of $11.80 and a one year high of $26.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 0.76.
Horizon Global (NYSE:HZN) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $227.24 million. Horizon Global had a positive return on equity of 16.58% and a negative net margin of 0.56%. The business’s revenue for the quarter was up 58.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. research analysts anticipate that Horizon Global Corp will post 1.08 EPS for the current year.
A number of equities analysts have issued reports on HZN shares. Bank of America cut Horizon Global from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 target price on shares of Horizon Global in a research report on Friday, October 13th. Zacks Investment Research lowered Horizon Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, ValuEngine raised Horizon Global from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Horizon Global currently has an average rating of “Hold” and an average price target of $19.83.
In other Horizon Global news, CEO A Mark Zeffiro sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $16.38, for a total value of $442,260.00. Following the completion of the transaction, the chief executive officer now owns 238,284 shares in the company, valued at approximately $3,903,091.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.27% of the stock is owned by company insiders.
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Horizon Global Company Profile
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa.
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