A newly-amended 13D filing with the US Securities and Exchange Commission revealed that billionaire Mario Gabelli‘s GAMCO Investors has further increased its stake in Herc Holdings Inc (NYSE:HRI) and that it currently holds, in aggregate with its affiliates, 2.27 million common shares, which amass 8.01% of the company’s outstanding stock. Out of the aggregate amount, GAMCO solely owns 1.82 million shares or 6.42% of the total outstanding stock. Previously, GAMCO Investors and its affiliates held 1.95 million shares that represented 6.88% of the outstanding stock, while GAMCO alone owned 1.52 million shares, or 5.37% of the shares outstanding, according to its last 13D filing.
Herc Holdings, recently separated from Hertz Global Holdings (NYSE:HTZ), is a holding company engaged in the business of renting car and leasing, running in four sectors: US Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations. Since the company started trading on July 1st, its shares have lost 0.85%. In its first financial report, since the separation, for the second quarter of 2016, Herc Holdings (NYSE:HRI) disclosed a loss per share of $0.28 and a net loss of $8.00 million, compared with earnings per share of $0.35 and a net income of $10.6 million in the comparable period in 2015.
Billionaire Carl Icahn’s Icahn Capital LP disclosed holding 4.31 million shares of Herc Holdings (NYSE:HRI) at the end of June, which account for 15.24% of the company’s outstanding stock. For now, Icahn Capital is the only other hedge fund in Insider Monkey’s database that has filed on the company.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|GAMCO Asset Management Inc. I.D. No. 13-40445||1,709,246||1,816,971||1,816,971||6.42%|
|Gabelli Securities, Inc. I.D. No. 13-3379374||5,532||5,532||5,532||0.02%|
|Gabelli Foundation, Inc. I.D. No. 94||7,800||7,800||7,800||0.03%|
|MJG-IV Limited Partnership I.D. No. 13-31918||733||733||733||0.00%|
|GGCP, Inc. I.D. No. 13-3056041||799||799||799||0.00%|
|GAMCO Investors, Inc. I.D. No. 13-400786||308||308||308||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||0.00%|
|Mario J. Gabelli||12,785||12,785||12,785||0.04%|