Proxima Capital Management LLC Has Upped Its Avis Budget Group (CAR) Position by $7.55 Million; Shares Declined

December 8, 2017 - By Michael Collier

Investors sentiment decreased to 1.04 in Q2 2017. Its down 0.02, from 1.06 in 2017Q1. It fall, as 50 investors sold CAR shares while 64 reduced holdings. 43 funds opened positions while 76 raised stakes. 115.24 million shares or 13.67% more from 101.39 million shares in 2017Q1 were reported. Grt Partners Limited Liability invested in 0.55% or 34,650 shares. Jane Street Gru Limited Co has 0.01% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 87,903 shares. Janney Montgomery Scott Ltd Liability Corporation holds 0.01% or 18,250 shares. Oregon Public Employees Retirement Fund has invested 0.02% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Ubs Oconnor Limited Liability Company owns 80,000 shares for 0% of their portfolio. Arizona State Retirement System holds 35,500 shares. Segantii Ltd holds 0.01% or 800 shares in its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt System has 12,294 shares. State Teachers Retirement System reported 800 shares stake. Bnp Paribas Arbitrage Sa reported 348,778 shares stake. Ameriprise Fincl holds 252,995 shares. Retail Bank Of Montreal Can has invested 0.06% in Avis Budget Group, Inc. (NASDAQ:CAR). Moreover, Citadel Advsrs Ltd has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Federated Pa invested 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). Louisiana State Employees Retirement invested in 0.03% or 22,000 shares.

Youlia Miteva increased its stake in Avis Budget Group (CAR) by 93.01% based on its latest 2017Q2 regulatory filing with the SEC. Proxima Capital Management Llc bought 279,500 shares as the company’s stock declined 33.71% while stock markets rallied. The hedge fund run by Youlia Miteva held 580,000 shares of the consumer services company at the end of 2017Q2, valued at $15.82M, up from 300,500 at the end of the previous reported quarter. Proxima Capital Management Llc who had been investing in Avis Budget Group for a number of months, seems to be bullish on the $3.32 billion market cap company. The stock increased 3.21% or $1.27 during the last trading session, reaching $40.78. About 2.33 million shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since December 8, 2016 and is downtrending. It has underperformed by 31.60% the S&P500.

More recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: which released: “Avis Budget Group to Present at Barclays Global Automotive Conference on …” on November 08, 2017. Also published the news titled: “Avis Budget Group Continues March Towards Future of Mobility With Launch of …” on November 30, 2017.‘s news article titled: “Avis: Management Has Little Control Over Operations” with publication date: November 17, 2017 was also an interesting one.

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

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Avis Budget had 33 analyst reports since August 5, 2015 according to SRatingsIntel. On Thursday, September 14 the stock rating was maintained by Credit Suisse with “Hold”. The stock has “Underweight” rating by Morgan Stanley on Friday, August 25. As per Monday, November 16, the company rating was maintained by Barclays Capital. On Friday, September 15 the stock rating was maintained by Morgan Stanley with “Underweight”. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, September 27. The firm has “Equal-Weight” rating given on Wednesday, August 10 by Barclays Capital. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Outperform” rating by Credit Suisse on Tuesday, April 12. The company was maintained on Thursday, February 25 by Barclays Capital. Deutsche Bank maintained the shares of CAR in report on Thursday, August 4 with “Buy” rating. The rating was initiated by Macquarie Research on Friday, August 26 with “Outperform”.

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