Skylands Capital LLC lowered its stake in Horizon Global Corporation (NYSE:HZN) by 78.1% during the second quarter, according to its most recent disclosure with the SEC. Hedge funds and other institutional investors own 92.34% of the company's stock. Wilen Investment Management CORP. raised its stake in Horizon Global Corporation by 3.0% in the second quarter. American International Group Inc. now owns 13,190 shares of the company's stock worth $183,000 after buying an additional 2,700 shares during the last quarter.
02/21/2017 - Wells Fargo began new coverage on Horizon Global Corporation giving the company a "market perform" rating. Dimensional Fund Advisors LP now owns 801,752 shares of the company's stock worth $19,242,000 after buying an additional 158,373 shares during the period. Suntrust Banks Inc. purchased a new stake in Horizon Global Corporation during the first quarter valued at $167,000. First Manhattan Co. owned about 5.60% of Horizon Global Corporation worth $20,559,000 at the end of the most recent quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Horizon Global Corporation by 13.4% in the fourth quarter. Neuberger Berman Group LLC acquired a new position in shares of Horizon Global Corporation during the first quarter worth $812,000.
Horizon Global Corporation (HZN) traded up 0.33% during midday trading on Friday, reaching $17.99.
Shares of the company are trading at $18.63 which is just a bit higher than $14.90, the 50 day moving average and which is a tad above the 200 day moving average of $15.41. The firm's market cap is $447.10 million.
The stock's 50 day moving average is 15.02 and its 200 day moving average is 15.42. Horizon Global Corporation had a negative net margin of 1.45% and a positive return on equity of 18.86%.
Horizon Global Corporation (NYSE:HZN) last released its quarterly earnings data on Tuesday, August 1st.
As of the last earnings report the EPS was $-0.52 and is projected to be $1.09 for the current year with 24,936,000 shares outstanding.
03/13/2017 - Horizon Global Corporation was downgraded to "neutral" by analysts at Seaport Global Securities. The business had revenue of $253.60 million during the quarter, compared to analyst estimates of $241.08 million. The company's revenue was up 51.1% on a year-over-year basis.
Horizon Global Corporation (NYSE:HZN)'s had a "buy" recommendation reiterated by equities researchers at BMO Capital Markets in a research paper published on Thurs, Jul 13th. Finally, GW&K Investment Management LLC bought a new stake in shares of Horizon Global Corporation during the first quarter worth $7,858,000. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.
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HZN has been the topic of a number of analyst reports. Zacks Investment Research cut Horizon Global Corporation from a "buy" rating to a "hold" rating in a research report on Thursday, July 20th. Roth Capital set a $22.00 price objective on Horizon Global Corporation and gave the stock a buy rating in a research report on Wednesday, August 2nd. BidaskClub downgraded Horizon Global Corporation from a "hold" rating to a "sell" rating in a research report on Thursday, July 27th. TheStreet boosted Horizon Global Corporation from a "d" recommendation to a "c-" recommendation in a analysis report on Friday morning, May 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Horizon Global Corporation now has a consensus rating of "Buy" and a consensus target price of $20.29.