Horizon Global Co. (NYSE:HZN) Short Interest Up 56.1% in April

Horizon Global Co. (NYSE:HZNGet Rating) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 133,300 shares, a growth of 56.1% from the April 15th total of 85,400 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 45,300 shares, the short-interest ratio is currently 2.9 days.

Separately, StockNews.com started coverage on shares of Horizon Global in a research report on Friday. They set a “hold” rating on the stock.

In other Horizon Global news, Director John C. Kennedy bought 6,650 shares of the firm’s stock in a transaction dated Monday, February 14th. The shares were acquired at an average cost of $5.46 per share, for a total transaction of $36,309.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Frederick Barrett bought 20,000 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were acquired at an average price of $4.52 per share, for a total transaction of $90,400.00. The disclosure for this purchase can be found here. Insiders acquired a total of 65,179 shares of company stock worth $302,948 over the last 90 days. Company insiders own 19.82% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Horizon Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 181,515 shares of the company’s stock valued at $1,276,000 after buying an additional 2,350 shares in the last quarter. Barclays PLC raised its stake in shares of Horizon Global by 873.8% in the third quarter. Barclays PLC now owns 4,713 shares of the company’s stock worth $33,000 after acquiring an additional 4,229 shares during the last quarter. BlackRock Inc. raised its stake in shares of Horizon Global by 1.1% in the fourth quarter. BlackRock Inc. now owns 390,810 shares of the company’s stock worth $3,119,000 after acquiring an additional 4,244 shares during the last quarter. Millennium Management LLC raised its stake in shares of Horizon Global by 5.3% in the third quarter. Millennium Management LLC now owns 144,066 shares of the company’s stock worth $1,013,000 after acquiring an additional 7,241 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Horizon Global by 65.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 18,465 shares of the company’s stock worth $147,000 after acquiring an additional 7,330 shares during the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.

NYSE:HZN traded down $0.05 on Friday, reaching $2.38. The stock had a trading volume of 184,235 shares, compared to its average volume of 38,927. The company has a market capitalization of $65.71 million, a P/E ratio of -1.48 and a beta of 1.93. Horizon Global has a 1-year low of $2.35 and a 1-year high of $10.14. The stock has a fifty day moving average price of $4.59 and a 200-day moving average price of $6.30.

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

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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