Has $20.56 Million Position in Horizon Global Corporation (NYSE:HZN)

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.

COPYRIGHT VIOLATION NOTICE: "First Manhattan Co".

TRADEMARK VIOLATION WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was stolen and reposted in violation of USA and global trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/12/diamond-hill-capital-management-inc-maintains-position-in-horizon-global-corporation-nysehzn-updated.html.

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.

Latest News