StockNews.com began coverage on shares of Horizon Global (NYSE:HZN – Get Rating) in a research note issued on Sunday. The brokerage set a "hold" rating on the stock.
Horizon Global Trading Up 1.2 %
Shares of Horizon Global stock opened at $1.73 on Friday. Horizon Global has a twelve month low of $0.30 and a twelve month high of $8.67. The stock has a market capitalization of $47.97 million, a price-to-earnings ratio of -0.53 and a beta of 1.70. The business's 50 day simple moving average is $0.67 and its 200-day simple moving average is $1.17.
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Institutional Trading of Horizon Global
Several large investors have recently added to or reduced their stakes in HZN. Vanguard Group Inc. increased its position in Horizon Global by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,083,782 shares of the company's stock valued at $1,333,000 after acquiring an additional 48,250 shares during the period. Royce & Associates LP increased its position in Horizon Global by 1.5% in the 2nd quarter. Royce & Associates LP now owns 1,912,894 shares of the company's stock valued at $3,118,000 after acquiring an additional 28,336 shares during the period. Renaissance Technologies LLC increased its position in Horizon Global by 12.0% in the 2nd quarter. Renaissance Technologies LLC now owns 226,102 shares of the company's stock valued at $369,000 after acquiring an additional 24,300 shares during the period. Deltec Asset Management LLC increased its position in Horizon Global by 71.5% in the 3rd quarter. Deltec Asset Management LLC now owns 37,611 shares of the company's stock valued at $46,000 after acquiring an additional 15,685 shares during the period. Finally, Jane Street Group LLC bought a new position in Horizon Global during the 1st quarter valued at $65,000. 60.48% of the stock is currently owned by institutional investors and hedge funds.
Horizon Global Company Profile
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Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. It operates in two segments, Horizon Americas and Horizon Europe-Africa. The company provides towing products, such as hitches/tow bars, fifth wheels, gooseneck hitches, weight distribution systems, brake controllers, wiring harnesses, draw bars, ball mounts, crossbars, security products, and other towing accessories.
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