HZN has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Horizon Global from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 2nd. Roth Capital lowered shares of Horizon Global from a “buy” rating to a “neutral” rating and set a $3.00 price objective for the company. in a research report on Friday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Horizon Global has a consensus rating of “Hold” and a consensus target price of $4.75.
Shares of HZN traded up $0.21 during trading hours on Tuesday, reaching $3.47. 194,400 shares of the company traded hands, compared to its average volume of 272,414. The firm has a market capitalization of $77.80 million, a P/E ratio of -2.51 and a beta of 2.16. Horizon Global has a 1-year low of $1.34 and a 1-year high of $8.50.
In other Horizon Global news, Director Frederick A. Henderson bought 15,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $3.01 per share, with a total value of $45,150.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $30,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick A. Henderson bought 10,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $2.90 per share, for a total transaction of $29,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $29,000. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HZN. GSA Capital Partners LLP bought a new stake in Horizon Global in the fourth quarter valued at about $104,000. Prescott Group Capital Management L.L.C. bought a new stake in Horizon Global in the fourth quarter valued at about $177,000. California Public Employees Retirement System increased its stake in Horizon Global by 12.7% in the fourth quarter. California Public Employees Retirement System now owns 146,881 shares of the company’s stock valued at $210,000 after acquiring an additional 16,521 shares during the period. Finally, Royce & Associates LP bought a new stake in Horizon Global during the fourth quarter worth about $1,538,000. 50.57% of the stock is currently owned by institutional investors and hedge funds.
Horizon Global Company Profile
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
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