Susquehanna Fundamental Investments LLC Makes New $4.08 Million Investment in Avis Budget Group, Inc. (NASDAQ:CAR)

Susquehanna Fundamental Investments LLC bought a new position in Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,555 shares of the business services provider's stock, valued at approximately $4,075,000. Susquehanna Fundamental Investments LLC owned 0.14% of Avis Budget Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Avis Budget Group in the fourth quarter worth about $25,000. GAMMA Investing LLC increased its holdings 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 valued at $27,000 after acquiring an additional 183 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Avis Budget Group by 41.0% in the 4th quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider's stock worth $55,000 after purchasing an additional 198 shares during the last quarter. Sterling Capital Management LLC increased its stake in Avis Budget Group by 41.3% during the 4th quarter. Sterling Capital Management LLC now owns 736 shares of the business services provider's stock valued at $59,000 after purchasing an additional 215 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Avis Budget Group by 31.8% in the fourth quarter. Signaturefd LLC now owns 936 shares of the business services provider's stock worth $75,000 after buying an additional 226 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

Avis Budget Group Price Performance

Shares of CAR traded up $3.20 during trading hours on Friday, hitting $96.17. The stock had a trading volume of 999,940 shares, compared to its average volume of 850,415. Avis Budget Group, Inc. has a 12 month low of $54.03 and a 12 month high of $132.25. The stock has a fifty day moving average price of $73.73 and a 200 day moving average price of $84.88. The firm has a market capitalization of $3.38 billion, a PE ratio of -1.86 and a beta of 2.10.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, beating 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 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 business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $95.00, for a total transaction of $62,795.00. Following the completion of the sale, the director now owns 3,355 shares of the company's stock, valued at approximately $318,725. The trade was a 16.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 52.80% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Avis Budget Group from a "hold" rating to a "sell" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Avis Budget Group currently has a consensus rating of "Hold" and an average target price of $117.60.

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.