Proxima Capital Management LLC Position in Avis Budget Group (CAR) Has Decreased by $12.65 Million

February 15, 2018 - By Adrian Erickson

Investors sentiment decreased to 0.58 in Q3 2017. Its down 0.46, from 1.04 in 2017Q2. It is negative, as 45 investors sold CAR 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. Wyoming-based Friess Associate Limited Liability Com has invested 1.37% in Avis Budget Group, Inc. (NASDAQ:CAR). Teacher Retirement Of Texas owns 6,260 shares for 0% of their portfolio. 9,083 are owned by Lucus Advsr Lc. Oregon Employees Retirement Fund invested 0.02% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Alliancebernstein LP invested in 0% or 122,040 shares. National Bank & Trust Of Montreal Can reported 0.1% stake. Moreover, Pnc Finance Svcs Grp Inc Inc has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Bbr Ptnrs owns 15,000 shares. Pomelo Cap Limited Co invested in 50,000 shares or 0.08% of the stock. Balyasny Asset Management Limited Liability Co accumulated 555,762 shares or 0.08% of the stock. Moreover, Hotchkis & Wiley Mgmt Ltd Liability has 0.1% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 682,000 shares. Intll Gru Incorporated reported 199,028 shares. Principal Financial Grp Incorporated holds 0.01% or 308,716 shares in its portfolio. Cambridge Invest Rech Advisors owns 13,036 shares. Invesco Ltd owns 182,621 shares or 0% of their US portfolio.

Since August 31, 2017, it had 1 insider purchase, and 7 sales for $123.81 million activity. 1,500 shares were sold by Sweeney Stender E, worth $52,530 on Wednesday, September 6. Calabria David T sold $46,618 worth of stock. 29,000 shares were sold by Servodidio Mark J, worth $1.05 million. The insider NELSON RONALD L sold 250,000 shares worth $10.26M. De Shon Larry D sold 25,000 shares worth $1.05 million. On Friday, December 8 the insider SRS Investment Management – LLC bought $141.96 million.

Youlia Miteva decreased its stake in Avis Budget Group (CAR) by 57.42% based on its latest 2017Q3 regulatory filing with the SEC. Proxima Capital Management Llc sold 333,012 shares as the company’s stock declined 33.71% while stock markets rallied. The hedge fund run by Youlia Miteva held 246,988 shares of the consumer services company at the end of 2017Q3, valued at $9.40 million, down from 580,000 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 less bullish one the $3.14B market cap company. The stock decreased 0.59% or $0.23 during the last trading session, reaching $38.5. About 804,981 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.

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 50.66 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.

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 Drives Forward Connected Car Innovation with ID Systems …” published on February 12, 2018, Seekingalpha.com published: “Avis: Poison Pill Pulled Out” on January 18, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) were released by: Globenewswire.com and their article: “Avis Budget Group Announces Estimated Full-Year 2017 Results” published on January 16, 2018 as well as Nasdaq.com‘s news article titled: “Foot Locker, Avis Budget Group, Chipotle and Yum Brands highlighted as Zacks …” with publication date: February 14, 2018.

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 had 34 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Outperform” rating by Credit Suisse on Tuesday, April 12. The firm earned “Underweight” rating on Friday, September 15 by Morgan Stanley. The company was maintained on Thursday, February 25 by Deutsche Bank. Barclays Capital maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Monday, November 16 with “Equal Weight” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, February 25. On Friday, August 25 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) has “Equal Weight” rating given on Wednesday, August 5 by Barclays Capital. Credit Suisse maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Thursday, February 25 with “Outperform” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, November 1. The firm has “Neutral” rating by Goldman Sachs given on Monday, October 24.

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