Avis Budget Group, Inc: Jefferies Group Llc Makes Purchase

February 15, 2018 - By Henry Gaston

 Avis Budget Group, Inc: Jefferies Group Llc Makes Purchase

Investors sentiment decreased to 0.58 in Q3 2017. Its down 0.46, from 1.04 in 2017Q2. It dropped, 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.

Stifel reported 0% stake. Paloma Ptnrs Mngmt holds 0.04% in Avis Budget Group, Inc. (NASDAQ:CAR) or 74,900 shares. Gargoyle Advisor Ltd Co has invested 0.25% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Ameriprise Fincl Inc invested in 0% or 235,656 shares. Liberty Mutual Group Inc Asset owns 22,033 shares. 6.04M are held by Vanguard Gru Inc. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,875 shares. Globeflex Capital Ltd Partnership has invested 0.12% in Avis Budget Group, Inc. (NASDAQ:CAR). Financial Bank Of Montreal Can holds 2.87 million shares or 0.1% of its portfolio. Ci Glob Inc owns 505,887 shares or 0.39% of their US portfolio. The New York-based Neuberger Berman Group Lc has invested 0.15% in Avis Budget Group, Inc. (NASDAQ:CAR). Stoneridge Investment Lc accumulated 13,300 shares or 0.08% of the stock. Gateway Inv Advisers Ltd Llc holds 0.05% in Avis Budget Group, Inc. (NASDAQ:CAR) or 150,745 shares. Schwab Charles Inv Mngmt Inc invested in 588,118 shares. Moreover, Nomura Holdings has 0.46% invested in Avis Budget Group, Inc. (NASDAQ:CAR).

Since August 31, 2017, it had 1 buying transaction, and 7 sales for $123.81 million activity. SRS Investment Management – LLC bought $141.96 million worth of stock. 25,000 shares were sold by De Shon Larry D, worth $1.05 million. $46,618 worth of Avis Budget Group, Inc. (NASDAQ:CAR) was sold by Calabria David T. Shares for $10.26 million were sold by NELSON RONALD L. $1.05M worth of Avis Budget Group, Inc. (NASDAQ:CAR) was sold by Servodidio Mark J. Shares for $52,530 were sold by Sweeney Stender E.

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 EPS, 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 EPS 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 1.17M 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. Barclays Capital maintained it with “Equal Weight” rating and $48 target in Monday, November 16 report. Credit Suisse downgraded the stock to “Neutral” rating in Friday, February 17 report. On Thursday, February 25 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Credit Suisse with “Hold” on Thursday, September 14. Deutsche Bank maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Thursday, August 4 with “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Wednesday, November 4. The firm has “Outperform” rating by Macquarie Research given on Friday, August 26. On Wednesday, August 5 the stock rating was maintained by Barclays Capital with “Equal Weight”. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, November 1. As per Monday, December 14, the company rating was maintained by M Partners.

More notable recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Nasdaq.com which released: “Commit To Purchase Avis Budget Group At $28, Earn 12.1% Using Options” on January 25, 2018, also Globenewswire.com with their article: “Avis Budget Group Announces Amendment and Extension of Its Senior Credit Agreement” published on February 14, 2018, Globenewswire.com published: “Avis Budget Group Drives Forward Connected Car Innovation with ID Systems …” on February 12, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) were released by: Seekingalpha.com and their article: “Avis: Poison Pill Pulled Out” published on January 18, 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.

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