Avis Budget Group (CAR) Market Valuation Declined While Mountain Lake Investment Management LLC Cut Stake by $17.71 Million

August 9, 2018 - By Ash Maslow

Avis Budget Group, Inc. (NASDAQ:CAR) LogoInvestors sentiment increased to 0.89 in Q1 2018. Its up 0.19, from 0.7 in 2017Q4. It increased, as 22 investors sold CAR shares while 85 reduced holdings. 46 funds opened positions while 49 raised stakes. 102.35 million shares or 1.45% more from 100.88 million shares in 2017Q4 were reported. Country Bank invested in 200 shares or 0% of the stock. Wells Fargo And Com Mn accumulated 644,754 shares. Pomelo Lc has invested 0.1% in Avis Budget Group, Inc. (NASDAQ:CAR). D E Shaw & Commerce Inc accumulated 8,379 shares. Legal & General Grp Public Limited Company has invested 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). Profund Advisors Limited Liability Com owns 10,593 shares for 0.02% of their portfolio. 12 are held by Bessemer Grp Incorporated. 7,700 are held by Strs Ohio. Cap has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Pnc Fincl Services Grp reported 38,850 shares. Coatue Ltd invested in 18,793 shares or 0.01% of the stock. Element Cap Mngmt Ltd Liability holds 0.01% or 6,169 shares in its portfolio. Glenview Cap Management Ltd accumulated 6.19M shares. Teacher Retirement System Of Texas holds 16,221 shares or 0.01% of its portfolio. Stratos Wealth Prns Limited has invested 0% in Avis Budget Group, Inc. (NASDAQ:CAR).

Since May 4, 2018, it had 0 buys, and 5 sales for $1.11 million activity. 7,218 Avis Budget Group, Inc. (NASDAQ:CAR) shares with value of $310,374 were sold by Tucker Michael K. Hardy John D. Jr. sold 1,022 shares worth $45,622. Another trade for 5,000 shares valued at $225,600 was sold by Linnen Edward P. KROMINGA LYNN had sold 10,000 shares worth $400,000 on Monday, June 11.

Mountain Lake Investment Management Llc decreased its stake in Avis Budget Group (CAR) by 85.56% based on its latest 2018Q1 regulatory filing with the SEC. Mountain Lake Investment Management Llc sold 385,000 shares as the company’s stock declined 9.07% with the market. The hedge fund held 65,000 shares of the consumer services company at the end of 2018Q1, valued at $3.05 million, down from 450,000 at the end of the previous reported quarter. Mountain Lake Investment Management Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $2.67B market cap company. The stock decreased 15.19% or $5.885 during the last trading session, reaching $32.855. About 8.93 million shares traded or 345.53% up from the average. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 88.16% since August 9, 2017 and is uptrending. It has outperformed by 75.59% the S&P500.

Mountain Lake Investment Management Llc, which manages about $324.00M and $192.56M US Long portfolio, upped its stake in Vista Outdoor Inc by 238,000 shares to 423,000 shares, valued at $6.90 million in 2018Q1, according to the filing.

More important recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Globenewswire.com which released: “Avis Budget Group Introduces New Benefits for Amazon Customers” on July 19, 2018, also Nasdaq.com published article titled: “Why Axon Enterprise, Avis Budget Group, and Hostess Brands Slumped Today”, Seekingalpha.com published: “Avis and Lyft expected to announce partnership” on August 06, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) was released by: Seekingalpha.com and their article: “Avis -6.5% after cutting guidance” with publication date: August 08, 2018.

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

Among 5 analysts covering Avis Budget Group (NASDAQ:CAR), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. Avis Budget Group has $53 highest and $3000 lowest target. $43.25’s average target is 31.64% above currents $32.855 stock price. Avis Budget Group had 8 analyst reports since February 14, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Thursday, April 26 by Barclays Capital. On Monday, July 30 the stock rating was upgraded by Northcoast to “Buy”. Goldman Sachs downgraded the shares of CAR in report on Wednesday, February 14 to “Sell” rating. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) has “Buy” rating given on Friday, May 4 by Deutsche Bank. The firm has “Hold” rating by Northcoast given on Wednesday, April 11. The rating was maintained by Deutsche Bank with “Buy” on Friday, February 23.

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

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