2 weeks Ago By ABMN Staff
Bank of Montreal Can lessened its holdings in shares of Avis Budget Group, Inc. ( NASDAQ:CAR – Free Report ) by 96.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 3,549 shares of the business services provider’s stock after selling 99,811 shares during the quarter. Bank of Montreal Can’s holdings in Avis Budget Group were worth $286,000 at the end of the most recent quarter. Several other large investors have also modified their holdings of the stock.
Federated Hermes Inc. lifted its position in Avis Budget Group by 6,220.8% in the 4th quarter.
Federated Hermes Inc. now owns 3,034 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 2,986 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Avis Budget Group during the 4th quarter valued at $25,000.
Quadrant Capital Group LLC grew its holdings in Avis Budget Group by 41.0% during the fourth quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider’s stock worth $55,000 after acquiring an additional 198 shares during the period.
Bryce Point Capital LLC bought a new stake in shares of Avis Budget Group in the 4th quarter worth approximately $464,000. Finally, Headlands Technologies LLC increased its holdings in shares of Avis Budget Group by 38.1% in the fourth quarter.
Headlands Technologies LLC now owns 6,869 shares of the business services provider’s stock valued at $554,000 after buying an additional 1,895 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.
Insider Buying and Selling In other Avis Budget Group news, Director Lynn Krominga sold 1,405 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $95.00, for a total value of $133,475.
00. Following the completion of the sale, the director now owns 1,950 shares in the company, valued at approximately $185,250. This trade represents a 41.
88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Insiders own 52.
80% of the company’s stock. Avis Budget Group Stock Performance Avis Budget Group ( NASDAQ:CAR – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.
23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.27.
Avis Budget Group had a negative return on equity of 14.74% and a negative net margin of 15.45%.
Equities analysts forecast that Avis Budget Group, Inc. will post 8.91 earnings per share for the current fiscal year.
About Avis Budget Group ( Free Report ) Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.
Further Reading Want to see what other hedge funds are holding CAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avis Budget Group, Inc. ( NASDAQ:CAR – Free Report ).
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