WINTON GROUP Ltd Grows Stake in Avis Budget Group, Inc. (NASDAQ:CAR)

WINTON GROUP Ltd grew its position in Avis Budget Group, Inc. (NASDAQ:CAR) by 130.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,968 shares of the business services provider’s stock after buying an additional 5,073 shares during the quarter. WINTON GROUP Ltd’s holdings in Avis Budget Group were worth $723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Avis Budget Group by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Avis Budget Group by 31.8% during the 4th quarter. Signaturefd LLC now owns 936 shares of the business services provider’s stock worth $75,000 after purchasing an additional 226 shares during the last quarter. Xponance Inc. lifted its stake in shares of Avis Budget Group by 11.2% during the 4th quarter. Xponance Inc. now owns 2,711 shares of the business services provider’s stock worth $219,000 after purchasing an additional 274 shares during the last quarter. US Bancorp DE boosted its position in Avis Budget Group by 9.6% during the fourth quarter. US Bancorp DE now owns 2,984 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 261 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Avis Budget Group in the fourth quarter worth about $254,000. Institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $130.71.

Avis Budget Group Stock Up 0.7 %

CAR stock opened at $74.66 on Friday. Avis Budget Group, Inc. has a 52 week low of $54.03 and a 52 week high of $132.25. The stock has a market capitalization of $2.62 billion, a PE ratio of -1.44 and a beta of 2.37. The firm has a 50 day moving average of $79.69 and a 200 day moving average of $85.82.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative net margin of 15.45% and a negative return on equity of 14.74%. On average, equities research analysts expect that Avis Budget Group, Inc. will post 8.91 earnings per share for the current year.

Insider Activity

In other news, Director Lynn Krominga sold 1,405 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the sale, the director now owns 1,950 shares in the company, valued at $185,250. This represents a 41.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 52.00% of the company’s stock.

Avis Budget Group Company Profile

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.