3,477 Shares in Avis Budget Group, Inc. (NASDAQ:CAR) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new position in Avis Budget Group, Inc. (NASDAQ:CAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,477 shares of the business services provider’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of Avis Budget Group by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Yousif Capital Management LLC increased its stake in Avis Budget Group by 2.5% during the fourth quarter. Yousif Capital Management LLC now owns 7,592 shares of the business services provider’s stock valued at $612,000 after purchasing an additional 187 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Avis Budget Group by 198.3% during the third quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Inspire Investing LLC increased its stake in 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 during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Avis Budget Group by 293.3% during the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

Avis Budget Group Stock Performance

Shares of CAR opened at $87.19 on Friday. Avis Budget Group, Inc. has a 1 year low of $65.73 and a 1 year high of $133.94. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 7.96 and a beta of 2.26. The firm has a fifty day moving average of $88.13 and a 200-day moving average of $88.23.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, topping 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%. Analysts predict that Avis Budget Group, Inc. will post 3.69 EPS for the current year.

Avis Budget Group Company 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.