John C. Kennedy Purchases 10,000 Shares of Horizon Global Co. (NYSE:HZN) Stock

Horizon Global Co. (NYSE:HZNGet Rating) Director John C. Kennedy purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average price of $2.83 per share, with a total value of $28,300.00. Following the transaction, the director now owns 864,209 shares of the company’s stock, valued at $2,445,711.47. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of HZN stock opened at $2.43 on Friday. Horizon Global Co. has a fifty-two week low of $2.37 and a fifty-two week high of $10.14. The business has a fifty day simple moving average of $4.70 and a 200-day simple moving average of $6.37.

Horizon Global (NYSE:HZNGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported ($0.58) earnings per share for the quarter. The firm had revenue of $164.27 million during the quarter.

Large investors have recently modified their holdings of the business. Barclays PLC boosted its stake in Horizon Global by 873.8% in the 3rd quarter. Barclays PLC now owns 4,713 shares of the company’s stock worth $33,000 after buying an additional 4,229 shares during the last quarter. Raymond James & Associates acquired a new stake in Horizon Global in the 4th quarter worth about $82,000. Oppenheimer Asset Management Inc. acquired a new stake in Horizon Global in the 3rd quarter worth about $78,000. DAVENPORT & Co LLC acquired a new stake in Horizon Global in the 1st quarter worth about $184,000. Finally, Susquehanna International Group LLP boosted its stake in Horizon Global by 109.6% in the 4th quarter. Susquehanna International Group LLP now owns 35,059 shares of the company’s stock worth $280,000 after buying an additional 18,329 shares during the last quarter. 68.24% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com began coverage on Horizon Global in a research report on Friday. They issued a “hold” rating for the company.

About Horizon Global (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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