Signaturefd LLC Purchases 226 Shares of Avis Budget Group, Inc. (NASDAQ:CAR)

Signaturefd LLC increased its position in Avis Budget Group, Inc. (NASDAQ:CAR) by 31.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 936 shares of the business services provider’s stock after buying an additional 226 shares during the quarter. Signaturefd LLC’s holdings in Avis Budget Group were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC grew its position in shares of Avis Budget Group by 4.0% in the 3rd quarter. FMR LLC now owns 3,354,546 shares of the business services provider’s stock valued at $293,825,000 after buying an additional 129,805 shares during the last quarter. State Street Corp boosted its holdings in Avis Budget Group by 2.5% in the third quarter. State Street Corp now owns 672,227 shares of the business services provider’s stock valued at $58,880,000 after acquiring an additional 16,221 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Avis Budget Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 592,341 shares of the business services provider’s stock valued at $51,883,000 after purchasing an additional 2,561 shares during the period. JAT Capital Mgmt LP raised its holdings in Avis Budget Group by 24.5% during the 3rd quarter. JAT Capital Mgmt LP now owns 398,170 shares of the business services provider’s stock worth $34,876,000 after purchasing an additional 78,383 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Avis Budget Group by 139.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 379,805 shares of the business services provider’s stock worth $30,616,000 after purchasing an additional 221,456 shares during the period. Institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 661 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $95.00, for a total value of $62,795.00. Following the transaction, the director now directly owns 3,355 shares of the company’s stock, valued at approximately $318,725. This trade represents a 16.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Avis Budget Group presently has a consensus rating of “Hold” and a consensus price target of $133.75.

Avis Budget Group Stock Up 0.0 %

Avis Budget Group stock opened at $60.66 on Tuesday. The company has a market capitalization of $2.13 billion, a PE ratio of -1.17 and a beta of 2.37. The firm’s fifty day moving average is $81.36 and its 200 day moving average is $85.98. Avis Budget Group, Inc. has a 12-month low of $54.03 and a 12-month high of $132.25.

Avis Budget Group (NASDAQ:CAR) last issued its earnings results on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, beating 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%. Sell-side analysts expect that Avis Budget Group, Inc. will post 8.91 EPS for the current fiscal year.

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.