Avis Budget Group (CAR) Holder Pomelo Capital Has Lowered Its Holding; Horrell Capital Management Decreased O’reilly Automotive (ORLY) Stake as Valuation Declined

April 24, 2018 - By Richard Conner

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

Horrell Capital Management Inc decreased its stake in O’reilly Automotive Inc (ORLY) by 28.5% based on its latest 2017Q4 regulatory filing with the SEC. Horrell Capital Management Inc sold 8,000 shares as the company’s stock declined 1.46% with the market. The institutional investor held 20,070 shares of the consumer services company at the end of 2017Q4, valued at $4.83 million, down from 28,070 at the end of the previous reported quarter. Horrell Capital Management Inc who had been investing in O’reilly Automotive Inc for a number of months, seems to be less bullish one the $18.70B market cap company. The stock increased 0.87% or $1.94 during the last trading session, reaching $224.52. About 716,680 shares traded. O'Reilly Automotive, Inc. (NASDAQ:ORLY) has declined 11.43% since April 24, 2017 and is downtrending. It has underperformed by 22.98% the S&P500.

Philip Rosenstrach decreased its stake in Avis Budget Group (CAR) by 20% based on its latest 2017Q4 regulatory filing with the SEC. Pomelo Capital Llc sold 10,000 shares as the company’s stock rose 3.94% while stock markets declined. The hedge fund run by Philip Rosenstrach held 40,000 shares of the consumer services company at the end of 2017Q4, valued at $1.76 million, down from 50,000 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.87B market cap company. The stock increased 0.06% or $0.03 during the last trading session, reaching $47.58. About 1.41M shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 66.28% since April 24, 2017 and is uptrending. It has outperformed by 54.73% the S&P500.

Since October 30, 2017, it had 1 buying transaction, and 1 sale for $140.91 million activity. 3.50M shares were bought by SRS Investment Management – LLC, worth $141.96M on Friday, December 8.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on May, 2. They expect $-1.07 EPS, down 13.83% or $0.13 from last year’s $-0.94 per share. After $0.45 actual EPS reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -337.78% negative EPS growth.

Pomelo Capital Llc, which manages about $366.34 million and $3.37B US Long portfolio, upped its stake in Yandex N V (Put) (NASDAQ:YNDX) by 675,000 shares to 2.24 million shares, valued at $73.88M in 2017Q4, according to the filing. It also increased its holding in Avon Prods Inc (Call) (NYSE:AVP) by 383,100 shares in the quarter, for a total of 903,100 shares, and has risen its stake in Transocean Ltd (Put) (NYSE:RIG).

Among 12 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. Avis Budget had 37 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, November 16 report. The stock has “Neutral” rating by Credit Suisse on Friday, February 17. Deutsche Bank maintained Avis Budget Group, Inc. (NASDAQ:CAR) rating on Wednesday, November 8. Deutsche Bank has “Buy” rating and $48 target. The stock has “Buy” rating by M Partners on Monday, December 14. Credit Suisse maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Thursday, February 25 with “Outperform” rating. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Equal Weight” rating by Barclays Capital on Wednesday, August 5. The stock has “Underweight” rating by Morgan Stanley on Friday, August 25. The company was maintained on Wednesday, August 10 by Barclays Capital. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, February 14 report. The company was maintained on Friday, February 23 by Deutsche Bank.

Investors sentiment increased to 0.7 in 2017 Q4. Its up 0.12, from 0.58 in 2017Q3. It improved, as 39 investors sold CAR shares while 78 reduced holdings. 36 funds opened positions while 46 raised stakes. 100.88 million shares or 8.81% less from 110.63 million shares in 2017Q3 were reported. Bnp Paribas Arbitrage holds 38,176 shares or 0% of its portfolio. Metropolitan Life Com Ny invested 0.02% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Mason Street Limited Liability Corporation reported 0.04% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Georgia-based Invesco Ltd has invested 0% in Avis Budget Group, Inc. (NASDAQ:CAR). Ny State Common Retirement Fund has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR). First Republic Management Inc reported 0.05% stake. Stoneridge Invest Prtnrs Limited Com reported 6,238 shares. Stratos Wealth Prtn Ltd owns 190 shares. Fmr Ltd Liability Corporation holds 7.53 million shares. Neuberger Berman Gp Limited Com reported 0.05% in Avis Budget Group, Inc. (NASDAQ:CAR). Pnc Fincl Svcs Group owns 39,193 shares. The Maine-based Schroder Group has invested 0% in Avis Budget Group, Inc. (NASDAQ:CAR). Ubs Asset Mgmt Americas invested 0% in Avis Budget Group, Inc. (NASDAQ:CAR). Pzena Investment Management Ltd Co reported 1.66M shares. Goldman Sachs Grp Inc holds 0.02% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR) for 1.50 million shares.

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.17, from 0.93 in 2017Q3. It fall, as 52 investors sold ORLY shares while 233 reduced holdings. 74 funds opened positions while 144 raised stakes. 69.25 million shares or 2.81% less from 71.25 million shares in 2017Q3 were reported. Prudential Public Ltd Co holds 0% or 1,300 shares. 6 are held by Gradient Ltd Liability. Eqis Capital Management reported 0.01% stake. Envestnet Asset Inc has invested 0.03% of its portfolio in O'Reilly Automotive, Inc. (NASDAQ:ORLY). Barbara Oil Com has invested 0.61% of its portfolio in O'Reilly Automotive, Inc. (NASDAQ:ORLY). 459,079 were accumulated by Legal And General Group Inc Plc. Alliancebernstein Ltd Partnership reported 0.03% in O'Reilly Automotive, Inc. (NASDAQ:ORLY). Moreover, Account Mgmt has 2.93% invested in O'Reilly Automotive, Inc. (NASDAQ:ORLY) for 14,034 shares. Evercore Wealth Mngmt Limited Company holds 0.05% of its portfolio in O'Reilly Automotive, Inc. (NASDAQ:ORLY) for 5,354 shares. Credit Suisse Ag holds 0.03% of its portfolio in O'Reilly Automotive, Inc. (NASDAQ:ORLY) for 152,950 shares. First Mercantile Tru holds 0.1% in O'Reilly Automotive, Inc. (NASDAQ:ORLY) or 2,166 shares. Nuwave Management Limited Liability Company owns 0.14% invested in O'Reilly Automotive, Inc. (NASDAQ:ORLY) for 505 shares. Thrivent Finance For Lutherans holds 0.02% or 24,696 shares. Frontier Management Com Limited Com owns 578,589 shares. Davenport And Ltd Com holds 191,712 shares or 0.55% of its portfolio.

Horrell Capital Management Inc, which manages about $297.04 million and $191.20M US Long portfolio, upped its stake in Team Incorporated (NYSE:TISI) by 75,000 shares to 226,300 shares, valued at $3.37 million in 2017Q4, according to the filing.

Among 26 analysts covering O’Reilly Automotive (NASDAQ:ORLY), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. O’Reilly Automotive had 75 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cleveland given on Thursday, April 14. The company was maintained on Friday, February 9 by Citigroup. The stock has “Buy” rating by Oppenheimer on Wednesday, July 5. The stock of O'Reilly Automotive, Inc. (NASDAQ:ORLY) has “Buy” rating given on Tuesday, September 5 by Bank of America. Susquehanna downgraded O'Reilly Automotive, Inc. (NASDAQ:ORLY) on Tuesday, June 20 to “Neutral” rating. The stock of O'Reilly Automotive, Inc. (NASDAQ:ORLY) has “Neutral” rating given on Thursday, July 6 by Credit Suisse. The stock of O'Reilly Automotive, Inc. (NASDAQ:ORLY) earned “Hold” rating by Guggenheim on Monday, April 16. The firm has “Outperform” rating given on Tuesday, April 12 by Wolfe Research. RBC Capital Markets maintained O'Reilly Automotive, Inc. (NASDAQ:ORLY) rating on Friday, February 12. RBC Capital Markets has “Sector Perform” rating and $257 target. The rating was maintained by Stephens with “Buy” on Tuesday, April 17.

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

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