Aquatic Capital Management LLC Has $2.92 Million Stock Position in Avis Budget Group, Inc. (NASDAQ:CAR)

Aquatic Capital Management LLC grew its stake in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 495.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,162 shares of the business services provider's stock after buying an additional 30,090 shares during the quarter. Aquatic Capital Management LLC owned 0.10% of Avis Budget Group worth $2,915,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in Avis Budget Group in the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its position in shares of Avis Budget Group by 118.8% during the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider's stock worth $27,000 after buying an additional 183 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Avis Budget Group by 41.0% during the fourth quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider's stock worth $55,000 after buying an additional 198 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Avis Budget Group by 41.3% during the fourth quarter. Sterling Capital Management LLC now owns 736 shares of the business services provider's stock worth $59,000 after buying an additional 215 shares in the last quarter. Finally, Signaturefd LLC raised its position in Avis Budget Group by 31.8% in the 4th quarter. Signaturefd LLC now owns 936 shares of the business services provider's stock valued at $75,000 after buying an additional 226 shares during the last quarter. Institutional investors own 96.35% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Avis Budget Group from a "hold" rating to a "sell" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $121.33.

Insider Transactions at Avis Budget Group

In other news, Director Lynn Krominga sold 1,405 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the completion of the sale, the director now owns 1,950 shares of the company's stock, valued at approximately $185,250. The trade was a 41.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 52.80% of the stock is currently owned by corporate insiders.

Avis Budget Group Stock Up 2.6 %

NASDAQ:CAR opened at $93.81 on Monday. Avis Budget Group, Inc. has a twelve month low of $54.03 and a twelve month high of $132.25. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -1.81 and a beta of 2.05. The stock's 50 day moving average price is $73.53 and its two-hundred day moving average price is $84.61.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.27. Avis Budget Group had a negative net margin of 15.45% and a negative return on equity of 14.74%. As a group, analysts anticipate that Avis Budget Group, Inc. will post 8.91 earnings per share for the current year.

Avis Budget Group 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.

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