Horizon Global (NYSE:HZN) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Horizon Global (NYSE:HZNGet Rating) in a research note published on Saturday morning. The brokerage issued a hold rating on the stock.

Horizon Global Trading Up 0.7 %

Shares of NYSE:HZN opened at $1.52 on Friday. The stock’s 50-day moving average price is $1.59 and its 200-day moving average price is $2.98. Horizon Global has a 12-month low of $1.30 and a 12-month high of $8.75. The stock has a market capitalization of $42.07 million, a P/E ratio of -0.62 and a beta of 1.85.

Horizon Global (NYSE:HZNGet Rating) last posted its earnings results on Tuesday, August 9th. The company reported ($0.80) earnings per share (EPS) for the quarter. The company had revenue of $181.22 million during the quarter.

Institutional Trading of Horizon Global

Several large investors have recently modified their holdings of HZN. Raymond James & Associates bought a new stake in shares of Horizon Global in the fourth quarter worth about $82,000. First Eagle Investment Management LLC grew its stake in shares of Horizon Global by 90.0% in the fourth quarter. First Eagle Investment Management LLC now owns 91,467 shares of the company’s stock worth $730,000 after purchasing an additional 43,319 shares during the last quarter. Atlas FRM LLC purchased a new stake in Horizon Global in the fourth quarter worth about $19,989,000. DAVENPORT & Co LLC purchased a new stake in Horizon Global in the first quarter worth about $184,000. Finally, Royce & Associates LP lifted its holdings in Horizon Global by 13.3% in the first quarter. Royce & Associates LP now owns 1,884,558 shares of the company’s stock worth $10,761,000 after buying an additional 220,601 shares during the period. 63.09% of the stock is owned by institutional investors.

Horizon Global Company Profile

(Get Rating)

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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