5,752 Shares in Avis Budget Group, Inc. (NASDAQ:CAR) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,752 shares of the business services provider's stock, valued at approximately $464,000.

A number of other hedge funds also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Avis Budget Group by 30.5% during the 3rd quarter. Barclays PLC now owns 200,576 shares of the business services provider's stock worth $17,571,000 after buying an additional 46,922 shares during the period. Swiss National Bank raised its position in Avis Budget Group by 0.9% during the fourth quarter. Swiss National Bank now owns 35,100 shares of the business services provider's stock worth $2,829,000 after acquiring an additional 300 shares during the period. State Street Corp lifted its holdings in Avis Budget Group by 2.5% during the third quarter. State Street Corp now owns 672,227 shares of the business services provider's stock valued at $58,880,000 after purchasing an additional 16,221 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Avis Budget Group by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 185,801 shares of the business services provider's stock valued at $16,274,000 after purchasing an additional 17,666 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Avis Budget Group by 1,858.7% in the third quarter. National Bank of Canada FI now owns 90,000 shares of the business services provider's stock valued at $7,883,000 after purchasing an additional 85,405 shares during the period. Hedge funds and other institutional investors own 96.35% of the company's stock.

Insider Activity at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 661 shares of Avis Budget Group stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $95.00, for a total transaction of $62,795.00. Following the transaction, the director now directly owns 3,355 shares of the company's stock, valued at $318,725. The trade was a 16.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 52.00% of the stock is owned by corporate insiders.

Avis Budget Group Stock Performance

Shares of CAR traded down $6.22 during mid-day trading on Thursday, hitting $67.70. 508,642 shares of the company were exchanged, compared to its average volume of 796,708. Avis Budget Group, Inc. has a 1-year low of $54.03 and a 1-year high of $132.25. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -1.31 and a beta of 2.05. The company has a 50 day moving average of $75.75 and a 200-day moving average of $85.16.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share 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%. Research analysts anticipate that Avis Budget Group, Inc. will post 8.91 earnings per share for the current fiscal year.

About Avis Budget Group

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.