Big Money Are Crazy For Avis Budget Group Inc (NASDAQ:CAR), Sentiment at 0.7

May 3, 2018 - By Bridget Boland

Avis Budget Group, Inc. (NASDAQ:CAR) Corporate Logo

Positions for Avis Budget Group Inc (NASDAQ:CAR)

In Q4 2017 Avis Budget Group Inc (NASDAQ:CAR) big money sentiment increased to 0.7, SEC.gov filings reveal. That’s up 0.12, from 2017Q3’s 0.58. 82 investment professionals increased and started new stock positions, while 117 reduced and sold equity positions in Avis Budget Group Inc so the sentiment increased. Funds own 100.88 million shares, down from 110.63 million shares in 2017Q3. Funds holding Avis Budget Group Inc in top 10 changed to 7 from 7 for the same number . In total 39 funds closed positions, 78 reduced and 46 increased. Also 36 funds bought new Avis Budget Group Inc stakes.

Largest Avis Budget Group Inc Shareholders

Srs Investment Management Llc owns 12.00 million shares in Avis Budget Group Inc as of Q4 2017. Avis Budget Group Inc’s shareholder Slate Path Capital Lp owns 2.56 million shares as of Q4 2017. Mountain Lake Investment Management Llc reported 450,000 shares. Teewinot Capital Advisers L.L.C. revealed 252,150 shares position in Avis Budget Group Inc. The Massachusetts-based fund Par Capital Management Inc looks positive on Avis Budget Group Inc, having 6.18 million shares.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and clients worldwide.The firm is worth $3.47 billion. The firm operates through two divisions, Americas and International.The P/E ratio is 10.05. 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.

Ticker’s shares touched $42.71 during the last trading session after 12.80% change.Currently Avis Budget Group, Inc. is uptrending after 66.28% change in last May 3, 2017. CAR has also 2.47M shares volume. The stock outperformed the S&P 500 by 54.73%.

Virtu Fincl Limited Co holds 17,995 shs. Trexquant Inv Limited Partnership invested in 0.04% or 8,296 shs. Aperio Grp Ltd Liability Company owns 32,337 shs. Dupont Mngmt Corporation holds 70,259 shs or 0.07% of its capital. Quantitative Inv Ltd Llc owns 0.06% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 94,200 shs. Advantus Cap Management holds 0.01% or 8,825 shs. Sol Cap Mngmt holds 7,540 shs or 0.09% of its capital. Mountain Lake Inv Mngmt Limited Liability Corporation accumulated 450,000 shs. Crow Point Ltd reported 7,200 shs. 6,238 were accumulated by Stoneridge Investment Prtnrs Limited Liability Corporation. Mason Street Advisors reported 0.04% of its capital in Avis Budget Group, Inc. (NASDAQ:CAR). 400 are held by Segantii Limited. Menta Capital Lc holds 0.04% of its capital in Avis Budget Group, Inc. (NASDAQ:CAR) for 4,700 shs. 664,055 were reported by Geode Management Ltd. California Employees Retirement Systems has 419,701 shs.

Avis Budget Group, Inc. registered $141.96 million net activity with 1 buy and 0 insider sales since December 8, 2017.

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

A total of 4 analysts rate Avis Budget Group (NASDAQ:CAR) as follows: 1 “Buy”, 2 “Hold” and 1 “Sell”. Тherefore 25% are bullish. (NASDAQ:CAR) has 6 ratings reports on 3 May 2018 according to StockzIntelligence. On Wednesday, November 8 Deutsche Bank maintained the shares of CAR in report with “Buy” rating. The company rating was maintained by Deutsche Bank on Friday, February 23. The stock rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, April 26. On Wednesday, April 11 Northcoast downgraded Avis Budget Group, Inc. (NASDAQ:CAR) rating. Northcoast has “Hold” rating and $4900 target. On Wednesday, February 14 the rating was downgraded by Goldman Sachs to “Sell”.

Avis Budget Group, Inc. (NASDAQ:CAR) Institutional Investors Chart

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