WINTON GROUP Ltd Purchases 5,073 Shares of Avis Budget Group, Inc. (NASDAQ:CAR)

WINTON GROUP Ltd raised its stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 130.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,968 shares of the business services provider's stock after buying an additional 5,073 shares during the quarter. WINTON GROUP Ltd's holdings in Avis Budget Group were worth $723,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Avis Budget Group by 30.5% during the third quarter. Barclays PLC now owns 200,576 shares of the business services provider's stock valued at $17,571,000 after acquiring an additional 46,922 shares in the last quarter. Swiss National Bank raised its stake in shares of Avis Budget Group by 0.9% in the fourth quarter. Swiss National Bank now owns 35,100 shares of the business services provider's stock worth $2,829,000 after purchasing an additional 300 shares during the last quarter. State Street Corp lifted its holdings in shares of 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. boosted its position in shares of Avis Budget Group by 10.5% during 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 buying an additional 17,666 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in Avis Budget Group by 1,858.7% in the 3rd quarter. National Bank of Canada FI now owns 90,000 shares of the business services provider's stock worth $7,883,000 after buying an additional 85,405 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

Avis Budget Group Trading Down 5.6 %

CAR stock traded down $4.29 during midday trading on Thursday, reaching $72.49. 562,187 shares of the company's stock traded hands, compared to its average volume of 1,069,326. Avis Budget Group, Inc. has a 52-week low of $54.03 and a 52-week high of $132.25. The stock has a market cap of $2.55 billion, a P/E ratio of -1.40 and a beta of 2.37. The stock's 50-day moving average is $78.81 and its 200 day moving average is $85.91.

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%. As a group, research analysts expect that Avis Budget Group, Inc. will post 8.91 EPS for the current fiscal year.

Insider Transactions at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 661 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $95.00, for a total value of $62,795.00. Following the completion of the transaction, the director now directly owns 3,355 shares in the company, valued at $318,725. This represents a 16.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 52.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their target price on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Avis Budget Group currently has a consensus rating of "Hold" and a consensus price target of $130.71.

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.