Rutabaga Capital Management LLC MA cut its holdings in Horizon Global Corp (NYSE:HZN) by 42.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 201,556 shares of the company’s stock after selling 149,967 shares during the period. Rutabaga Capital Management LLC MA’s holdings in Horizon Global were worth $2,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Horizon Global by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 76,822 shares of the company’s stock worth $1,104,000 after buying an additional 418 shares during the period. Suntrust Banks Inc. boosted its holdings in Horizon Global by 8.4% in the 2nd quarter. Suntrust Banks Inc. now owns 13,206 shares of the company’s stock worth $188,000 after buying an additional 1,025 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Horizon Global by 2.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 119,466 shares of the company’s stock worth $1,716,000 after buying an additional 2,386 shares during the period. California State Teachers Retirement System boosted its holdings in Horizon Global by 5.6% in the 2nd quarter. California State Teachers Retirement System now owns 45,195 shares of the company’s stock worth $649,000 after buying an additional 2,400 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Horizon Global by 14.6% in the 3rd quarter. New York State Common Retirement Fund now owns 27,420 shares of the company’s stock worth $484,000 after buying an additional 3,500 shares during the period. 91.01% of the stock is owned by institutional investors.

Horizon Global Corp (HZN) opened at $8.60 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 1.71. Horizon Global Corp has a fifty-two week low of $7.69 and a fifty-two week high of $19.58. The company has a market cap of $214.47, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.78 and a beta of 0.78.

Several research analysts recently commented on HZN shares. Zacks Investment Research raised shares of Horizon Global from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Roth Capital set a $24.00 price target on shares of Horizon Global and gave the company a “buy” rating in a report on Saturday, December 16th. Barrington Research reissued an “outperform” rating and issued a $23.00 price target on shares of Horizon Global in a report on Tuesday, December 19th. ValuEngine raised shares of Horizon Global from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Seaport Global Securities reissued a “hold” rating and issued a $10.00 price target on shares of Horizon Global in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Horizon Global presently has an average rating of “Hold” and a consensus target price of $17.67.

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Horizon Global 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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Institutional Ownership by Quarter for Horizon Global (NYSE:HZN)

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