The ProShare Advisors LLC Sells 1,306 Shares of Avis Budget Group Inc. (CAR)

The ProShare Advisors LLC Sells 1,306 Shares of Avis Budget Group Inc. (CAR)

Several other large investors also recently modified their holdings of CAR. James Investment Research Inc. bought a new stake in shares of Avis Budget Group during the first quarter valued at $113,000. Weiss Asset Management LP bought a new stake in shares of Avis Budget Group during the third quarter valued at $230,000. Gideon Capital Advisors Inc. bought a new stake in shares of Avis Budget Group during the fourth quarter valued at $288,000. Capstone Asset Management Co. boosted its stake in shares of Avis Budget Group by 0.9% in the first quarter. Capstone Asset Management Co. now owns 11,155 shares of the business services provider’s stock valued at $330,000 after buying an additional 100 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Avis Budget Group by 8.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 9,025 shares of the business services provider’s stock valued at $331,000 after buying an additional 700 shares during the last quarter.

ProShare Advisors LLC reduced its stake in shares of Avis Budget Group Inc. (NASDAQ:CAR) by 13.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,265 shares of the business services provider’s stock after selling 1,306 shares during the period. ProShare Advisors LLC’s holdings in Avis Budget Group were worth $244,000 as of its most recent SEC filing.

Shares of Avis Budget Group Inc. (CAR) opened at 22.90 on Monday. Avis Budget Group Inc. has a 1-year low of $21.37 and a 1-year high of $41.53. The firm has a market cap of $1.93 billion, a PE ratio of 19.37 and a beta of 2.03. The company’s 50-day moving average price is $26.56 and its 200 day moving average price is $33.15.

Several equities research analysts recently commented on CAR shares. ValuEngine cut Avis Budget Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. TheStreet cut Avis Budget Group from a “b-” rating to a “c” rating in a research note on Thursday, February 16th. Barclays PLC set a $36.00 target price on Avis Budget Group and gave the stock a “hold” rating in a research note on Saturday, February 18th. Zacks Investment Research raised Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Credit Suisse Group AG decreased their target price on Avis Budget Group from $38.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $36.89. In other Avis Budget Group news, Director John D. Jr. Hardy sold 992 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $27.20, for a total transaction of $26,982.40. Following the completion of the transaction, the director now owns 992 shares of the company’s stock, valued at approximately $26,982.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

About Avis Budget Group Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CAR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Avis Budget Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Avis Budget Group Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment