Today Avis Budget Group Incorporated (NASDAQ:CAR) Reported Decrease in Shorted Shares

September 17, 2017 - By Peter Erickson

 Today Avis Budget Group Incorporated (NASDAQ:CAR) Reported Decrease in Shorted Shares

Investors sentiment decreased to 0.83 in Q4 2016. Its down 0.23, from 1.06 in 2016Q3. It dived, as 27 investors sold Avis Budget Group Inc. shares while 95 reduced holdings. 37 funds opened positions while 64 raised stakes. 89.88 million shares or 2.20% less from 91.91 million shares in 2016Q3 were reported.
Nomura Asset Mgmt has invested 0.01% in Avis Budget Group Inc. (NASDAQ:CAR). Glenview Cap Limited Liability Corporation holds 8.30 million shares or 2.06% of its portfolio. Capstone Asset has invested 0.01% in Avis Budget Group Inc. (NASDAQ:CAR). Hanson Mcclain invested 0% in Avis Budget Group Inc. (NASDAQ:CAR). 301,590 were accumulated by First Manhattan. Hutchin Hill Cap Ltd Partnership holds 0.04% in Avis Budget Group Inc. (NASDAQ:CAR) or 31,000 shares. Winfield Associate Inc holds 0% in Avis Budget Group Inc. (NASDAQ:CAR) or 50 shares. Diligent Invsts Ltd reported 0.38% stake. Blackrock Fund Advsr stated it has 0.03% in Avis Budget Group Inc. (NASDAQ:CAR). Bbr Partners Ltd Llc reported 0.09% of its portfolio in Avis Budget Group Inc. (NASDAQ:CAR). Mason Street Advsr Limited Liability Company reported 0.04% stake. Fifth Third Commercial Bank has 0% invested in Avis Budget Group Inc. (NASDAQ:CAR). Blackrock Inv Mgmt Ltd Com holds 0.01% in Avis Budget Group Inc. (NASDAQ:CAR) or 296,523 shares. Clear Harbor Asset Mngmt Limited Liability Corp stated it has 17,660 shares. Utah Retirement owns 14,100 shares.

Since May 5, 2017, it had 0 insider purchases, and 1 sale for $26,982 activity. Hardy John D. Jr. sold $26,982 worth of Avis Budget Group Inc. (NASDAQ:CAR) on Friday, May 5.

The stock of Avis Budget Group Incorporated (NASDAQ:CAR) registered a decrease of 0.43% in short interest. CAR’s total short interest was 32.95 million shares in September as published by FINRA. Its down 0.43% from 33.09M shares, reported previously. With 2.19M shares average volume, it will take short sellers 15 days to cover their CAR’s short positions. The short interest to Avis Budget Group Incorporated’s float is 52.55%.

The stock decreased 0.40% or $0.14 on September 15, reaching $35.13. About 5.53 million shares traded or 48.66% up from the average. Avis Budget Group Inc. (NASDAQ:CAR) has declined 14.90% since September 17, 2016 and is downtrending. It has underperformed by 31.60% the S&P500.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The company has market cap of $2.90 billion. The Firm operates three brands, which include Avis, Budget and Zipcar. It has a 49.57 P/E ratio. Avis and Budget are a rental car supplier.

Avis Budget Group Inc. (NASDAQ:CAR) Ratings Coverage

Among 10 analysts covering Avis Budget (NASDAQ:CAR), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Avis Budget had 28 analyst reports since August 5, 2015 according to SRatingsIntel. Sterne Agee CRT initiated the shares of CAR in report on Tuesday, March 22 with “Buy” rating. As per Thursday, September 14, the company rating was maintained by Credit Suisse. The stock of Avis Budget Group Inc. (NASDAQ:CAR) has “Buy” rating given on Thursday, February 25 by M Partners. The stock of Avis Budget Group Inc. (NASDAQ:CAR) has “Buy” rating given on Thursday, August 4 by Deutsche Bank. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, February 25. Goldman Sachs initiated it with “Neutral” rating and $30 target in Monday, October 24 report. The rating was maintained by Credit Suisse on Thursday, February 25 with “Outperform”. Barclays Capital maintained the shares of CAR in report on Wednesday, August 5 with “Equal Weight” rating. Barclays Capital maintained Avis Budget Group Inc. (NASDAQ:CAR) rating on Wednesday, August 10. Barclays Capital has “Equal-Weight” rating and $33 target. J.P. Morgan initiated the shares of CAR in report on Friday, August 4 with “Buy” rating.

More important recent Avis Budget Group Inc. (NASDAQ:CAR) news were published by: Zacks.com which released: “Avis Budget’s Zipcar Enters Latin America Through Costa Rica” on September 07, 2017, also Businesswire.com published article titled: “Global Car Rental Market: Size, Trends & Forecasts 2017-2021 Featuring Avis …”, Nasdaq.com published: “Why Is Avis Budget (CAR) Up 7.8% Since the Last Earnings Report?” on September 07, 2017. More interesting news about Avis Budget Group Inc. (NASDAQ:CAR) was released by: Bna.com and their article: “VIDEO: Avis Using New `Paradigm’ to Assess Its Legal Services” with publication date: September 15, 2017.

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