Deltec Asset Management LLC Makes New $75,000 Investment in Horizon Global Co. (NYSE:HZN)

Deltec Asset Management LLC bought a new position in Horizon Global Co. (NYSE:HZN) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,686 shares of the company’s stock, valued at approximately $75,000.

A number of other large investors also recently bought and sold shares of HZN. Geode Capital Management LLC grew its position in Horizon Global by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 175,993 shares of the company’s stock worth $1,818,000 after purchasing an additional 2,408 shares during the period. Barclays PLC bought a new stake in shares of Horizon Global during the 1st quarter valued at $45,000. Goldman Sachs Group Inc. bought a new stake in shares of Horizon Global during the 1st quarter valued at $192,000. HRT Financial LP bought a new stake in shares of Horizon Global during the 1st quarter valued at $116,000. Finally, Citadel Advisors LLC bought a new stake in shares of Horizon Global during the 1st quarter valued at $396,000. 52.38% of the stock is owned by institutional investors and hedge funds.

Shares of HZN stock opened at $6.82 on Thursday. Horizon Global Co. has a 1 year low of $6.69 and a 1 year high of $11.78. The company’s fifty day simple moving average is $7.28. The company has a market cap of $186.10 million, a P/E ratio of -8.42 and a beta of 1.72.

In other news, Director Corre Partners Management, Llc bought 3,626 shares of the stock in a transaction that occurred on Thursday, September 9th. The shares were bought at an average price of $7.20 per share, for a total transaction of $26,107.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 22.34% of the stock is currently owned by insiders.

Horizon Global Profile

Horizon Global Corp. engages in the design, manufacture and distribution of custom-engineered towing, trailering, cargo management and other related accessory products. It operates through the following segments: Horizon Americas and Horizon Europe-Africa. The Horizon Americas segment sells towing and trailering-related products through retail, aftermarket, original equipment manufacturers, e-commerce, and industrial channels in North and South America.

Further Reading: Death Cross

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Institutional Ownership by Quarter for Horizon Global (NYSE:HZN)

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