StockNews.com assumed coverage on shares of Horizon Global (NYSE:HZN – Get Rating) in a report published on Wednesday. The brokerage issued a hold rating on the stock.
Horizon Global Price Performance
Shares of HZN stock opened at $1.74 on Wednesday. The stock's fifty day simple moving average is $1.12 and its 200 day simple moving average is $1.18. The firm has a market cap of $48.25 million, a price-to-earnings ratio of -0.53 and a beta of 2.89. Horizon Global has a one year low of $0.30 and a one year high of $7.52.
Get Horizon Global alerts:Horizon Global (NYSE:HZN – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.92) EPS for the quarter. The company had revenue of $148.97 million during the quarter.
Hedge Funds Weigh In On Horizon Global
Institutional investors and hedge funds have recently bought and sold shares of the business. Deltec Asset Management LLC boosted its stake in 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of Horizon Global during the first quarter worth $65,000. Renaissance Technologies LLC raised its position in shares of Horizon Global by 12.0% during the second quarter. Renaissance Technologies LLC now owns 226,102 shares of the company's stock worth $369,000 after acquiring an additional 24,300 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Horizon Global by 4.7% during the third quarter. Vanguard Group Inc. now owns 1,083,782 shares of the company's stock worth $1,333,000 after acquiring an additional 48,250 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Horizon Global by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 490,218 shares of the company's stock worth $2,799,000 after acquiring an additional 11,231 shares during the last quarter. Institutional investors and hedge funds own 60.48% of the company's stock.Horizon Global Company Profile
(Get Rating)
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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