Wilen Investment Management CORP. held its position in shares of Horizon Global Corp (NYSE:HZN) during the first quarter, Holdings Channel reports. The firm owned 12,080 shares of the company’s stock at the end of the first quarter. Wilen Investment Management CORP.’s holdings in Horizon Global Corp were worth $163,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its position in shares of Horizon Global Corp by 16.3% in the first quarter. Parametric Portfolio Associates LLC now owns 79,281 shares of the company’s stock worth $1,100,000 after buying an additional 11,107 shares in the last quarter. Icon Advisers Inc. Co. purchased a new position in shares of Horizon Global Corp during the first quarter worth $511,000. Suntrust Banks Inc. purchased a new position in shares of Horizon Global Corp during the first quarter worth $167,000. Boston Partners purchased a new position in shares of Horizon Global Corp during the first quarter worth $5,249,000. Finally, Capital Fund Management S.A. purchased a new position in shares of Horizon Global Corp during the first quarter worth $149,000. 63.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Horizon Global Corp (NYSE:HZN) traded up 3.15% during mid-day trading on Thursday, hitting $14.39. The stock had a trading volume of 223,154 shares. The firm’s market cap is $368.11 million. Horizon Global Corp has a 52-week low of $10.60 and a 52-week high of $26.36. The firm has a 50 day moving average price of $13.41 and a 200 day moving average price of $18.99.
Horizon Global Corp (NYSE:HZN) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.26. The firm had revenue of $203.28 million for the quarter, compared to analysts’ expectations of $204.90 million. Horizon Global Corp had a return on equity of 208.56% and a net margin of 1.39%. Equities analysts predict that Horizon Global Corp will post $0.97 EPS for the current year.
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A number of brokerages have recently weighed in on HZN. BMO Capital Markets reissued an “outperform” rating and issued a $18.00 price objective on shares of Horizon Global Corp in a report on Wednesday, April 12th. Zacks Investment Research lowered Horizon Global Corp from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 14th. Bank of America Corp began coverage on Horizon Global Corp in a report on Tuesday, March 14th. They issued a “neutral” rating and a $18.00 price objective on the stock. TheStreet lowered Horizon Global Corp from a “c” rating to an “e+” rating in a report on Thursday, March 9th. Finally, Barrington Research cut their price objective on Horizon Global Corp to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.43.
In other news, CEO A Mark Zeffiro purchased 10,800 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of $13.57 per share, with a total value of $146,556.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David G. Rice purchased 4,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the purchase, the chief financial officer now directly owns 59,589 shares in the company, valued at $858,677.49. The disclosure for this purchase can be found here. Insiders have bought a total of 18,900 shares of company stock worth $261,649 in the last three months. Corporate insiders own 0.73% of the company’s stock.
About Horizon Global Corp
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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