Ontario Teachers Pension Plan Board Has $796,000 Stock Holdings in Avis Budget Group, Inc. (NASDAQ:CAR)

Ontario Teachers Pension Plan Board raised its stake in Avis Budget Group, Inc. (NASDAQ:CAR) by 43.3% in the 4th quarter, HoldingsChannel reports. The firm owned 9,873 shares of the business services provider’s stock after acquiring an additional 2,985 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Avis Budget Group were worth $796,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp grew its position in Avis Budget Group by 2.5% in the 3rd quarter. State Street Corp now owns 672,227 shares of the business services provider’s stock valued at $58,880,000 after purchasing an additional 16,221 shares during the period. Assenagon Asset Management S.A. grew its holdings 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 buying an additional 221,456 shares during the last quarter. National Bank of Canada FI increased its position in shares of Avis Budget Group by 266.7% during the fourth quarter. National Bank of Canada FI now owns 330,000 shares of the business services provider’s stock worth $26,601,000 after acquiring an additional 240,000 shares in the last quarter. ING Groep NV raised its holdings in shares of Avis Budget Group by 310.4% in the 4th quarter. ING Groep NV now owns 325,000 shares of the business services provider’s stock worth $26,198,000 after acquiring an additional 245,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Avis Budget Group by 9.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 203,274 shares of the business services provider’s stock valued at $16,386,000 after acquiring an additional 17,473 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Buying and Selling

In related news, Director Lynn Krominga sold 1,405 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $95.00, for a total transaction of $133,475.00. Following the completion of the sale, the director now directly owns 1,950 shares of the company’s stock, valued at approximately $185,250. This trade represents a 41.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 52.00% of the stock is owned by corporate insiders.

Avis Budget Group Stock Performance

Shares of CAR opened at $72.69 on Thursday. The firm has a market capitalization of $2.56 billion, a P/E ratio of -1.40 and a beta of 2.05. Avis Budget Group, Inc. has a 52 week low of $54.03 and a 52 week high of $132.25. The stock has a 50 day moving average price of $73.98 and a two-hundred day moving average price of $84.65.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative net margin of 15.45% and a negative return on equity of 14.74%. On average, equities analysts forecast that Avis Budget Group, Inc. will post 8.91 earnings per share for the current 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.