Yousif Capital Management LLC Has $612,000 Stock Holdings in Avis Budget Group, Inc. (NASDAQ:CAR)

Yousif Capital Management LLC boosted its stake in Avis Budget Group, Inc. (NASDAQ:CAR) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,592 shares of the business services provider’s stock after purchasing an additional 187 shares during the quarter. Yousif Capital Management LLC’s holdings in Avis Budget Group were worth $612,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. KBC Group NV lifted its position in shares of Avis Budget Group by 4,896.4% during the fourth quarter. KBC Group NV now owns 30,928 shares of the business services provider’s stock valued at $2,493,000 after purchasing an additional 30,309 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Avis Budget Group by 6.4% during the fourth quarter. Inspire Investing LLC now owns 4,984 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 301 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Avis Budget Group by 234.5% during the fourth quarter. SG Americas Securities LLC now owns 32,325 shares of the business services provider’s stock valued at $2,606,000 after purchasing an additional 22,660 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Avis Budget Group during the fourth quarter valued at about $254,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Avis Budget Group by 139.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 379,805 shares of the business services provider’s stock valued at $30,616,000 after purchasing an additional 221,456 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on CAR shares. StockNews.com raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Northcoast Research lowered shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Avis Budget Group has an average rating of “Hold” and an average price target of $133.75.

Avis Budget Group Trading Up 4.1 %

Shares of NASDAQ:CAR opened at $90.75 on Monday. The company has a 50 day moving average of $87.67 and a 200 day moving average of $87.99. The stock has a market cap of $3.19 billion, a P/E ratio of 8.29 and a beta of 2.26. Avis Budget Group, Inc. has a 12 month low of $65.73 and a 12 month high of $132.25.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings data 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 net margin of 3.34% and a negative return on equity of 101.41%. On average, equities analysts forecast that Avis Budget Group, Inc. will post 3.69 earnings per share for the current fiscal 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.