Jefferies Group Llc Opened Huge Avis Budget Group, Inc Position

February 15, 2018 - By Larry Anderson

 Jefferies Group Llc Opened Huge Avis Budget Group, Inc Position

Investors sentiment decreased to 0.58 in 2017 Q3. Its down 0.46, from 1.04 in 2017Q2. It fall, as 45 investors sold Avis Budget Group, Inc. shares while 83 reduced holdings. 35 funds opened positions while 39 raised stakes. 110.63 million shares or 4.00% less from 115.24 million shares in 2017Q2 were reported.

Menta Cap Limited Co holds 0.07% or 12,500 shares in its portfolio. First Manhattan holds 0.07% or 299,540 shares in its portfolio. Marianas Fund Mgmt Ltd reported 4.76% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Gargoyle Invest Advisor Lc has 0.25% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 17,900 shares. Natl Bank Of Nova Scotia has 0.12% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 555,000 shares. Allsquare Wealth Llc reported 0% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Ny State Teachers Retirement Sys holds 1,200 shares. California Public Employees Retirement System reported 396,471 shares. Legal General Grp Incorporated Pcl holds 0.01% or 217,715 shares in its portfolio. Arizona State Retirement Sys has 0.02% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Jpmorgan Chase And Co holds 0.01% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR) for 1.11M shares. United Kingdom-based Gsa Prns Ltd Liability Partnership has invested 0.03% in Avis Budget Group, Inc. (NASDAQ:CAR). The California-based Kestrel Inv Management Corporation has invested 2.64% in Avis Budget Group, Inc. (NASDAQ:CAR). Cna Corp owns 24,839 shares. Sg Americas Lc, New York-based fund reported 15,243 shares.

Since August 31, 2017, it had 1 insider purchase, and 7 selling transactions for $123.81 million activity. On Thursday, August 31 Linnen Edward P sold $108,270 worth of Avis Budget Group, Inc. (NASDAQ:CAR) or 3,000 shares. On Thursday, August 31 the insider Servodidio Mark J sold $1.05M. Another trade for 150,000 shares valued at $5.60M was made by NELSON RONALD L on Tuesday, September 12. SRS Investment Management – LLC had bought 3.50M shares worth $141.96M. 1,300 shares valued at $46,618 were sold by Calabria David T on Wednesday, September 6. 25,000 shares were sold by De Shon Larry D, worth $1.05M on Monday, October 30.

The New Jefferies Group Llc Holding in Avis Budget Group, Inc

Jefferies Group Llc reported SC 13G form with the SEC for Avis Budget Group, Inc. Access it here: 000119312518045568. As reported by Jefferies Group Llc, the filler owns 8.8% or 7,155,783 shares of the Transports–company.

Avis Budget Group, Inc stake is new for [reportingPerson]. Date of activity: December8, 2017. This shows Jefferies Group Llc’s positive view for Avis Budget Group, Inc.

Avis Budget Group, Inc Institutional Sentiment

Filings show 217 investors own Avis Budget Group, Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 10581198. 121095525 were owned by these investors. 30 funds opened new Avis Budget Group, Inc stakes, 80 increased positions. There were 62 that closed positions and 77 reduced them.

13 investors had the stock in their top 10. Some are: Srs Investment Management Llc, Mountain Lake Investment Management Llc, Proxima Capital Management Llc, Slate Path Capital Lp, Teewinot Capital Advisers L.L.C., Marianas Fund Management Llc, Par Capital Management Inc..

Jeffrey Tannenbaum Fir Tree Inc is an investor bullish on Avis Budget Group, Inc, owning 6828536 shares as of Q3 2015 for 5.00% of its portfolio. Manish Chopra Tiger Veda Management Llc owns 342778 shares or 8.93% of its portfolio. NY Srs Investment Management Llc have 13.76% of its portfolio for 9500000 shares. Further, Marcato Capital Management Lp reported stake worth 12.53% of its portfolio. The CA Ivory Investment Management Lp owns 4371800 shares. Avis Budget Group, Inc is 5.12% of its portfolio.

Business Profile

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. The Company operates in two segments: Americas and International. The Americas segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand.

SEC Form 13G.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on February, 21. They expect $0.19 earnings per share, up 26.67 % or $0.04 from last year’s $0.15 per share. CAR’s profit will be $15.47 million for 51.22 P/E if the $0.19 EPS becomes a reality. After $3.10 actual earnings per share reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -93.87 % negative EPS growth.

The stock increased 0.52% or $0.2 during the last trading session, reaching $38.93. About 1.17 million shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since February 15, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and clients worldwide. The company has market cap of $3.17 billion. The firm operates through two divisions, Americas and International. It has a 30.56 P/E ratio. It operates the Avis brand car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure divisions of the travel industry; the Budget brand vehicle rental system with approximately 4,050 car rental locations, which serve the value-conscious divisions of the industry; and the Zipcar brand, a membership car sharing network that provides vehicles to approximately 1 million members.

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

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Avis Budget has $63.0 highest and $18 lowest target. $37.20’s average target is -4.44% below currents $38.93 stock price. Avis Budget had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, February 14 by Goldman Sachs. The firm earned “Buy” rating on Thursday, February 25 by M Partners. JP Morgan downgraded the shares of CAR in report on Wednesday, November 4 to “Neutral” rating. The firm earned “Neutral” rating on Friday, February 17 by Credit Suisse. The company was maintained on Tuesday, September 27 by Barclays Capital. Barclays Capital maintained the shares of CAR in report on Wednesday, November 1 with “Equal-Weight” rating. The firm earned “Buy” rating on Thursday, February 25 by Deutsche Bank. On Thursday, October 12 the stock rating was maintained by M Partners with “Buy”. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, April 12. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Buy” rating by J.P. Morgan on Friday, August 4.

More notable recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Globenewswire.com which released: “Avis Budget Group Drives Forward Connected Car Innovation with ID Systems …” on February 12, 2018, also Seekingalpha.com with their article: “Avis: Poison Pill Pulled Out” published on January 18, 2018, Globenewswire.com published: “Avis Budget Group Announces Amendment and Extension of Its Senior Credit Agreement” on February 14, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) were released by: Nasdaq.com and their article: “Foot Locker, Avis Budget Group, Chipotle and Yum Brands highlighted as Zacks …” published on February 14, 2018 as well as Benzinga.com‘s news article titled: “Goldman Sees 18% Downside To Avis Budget Group, Downgrades to Sell” with publication date: February 14, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: