According to a newly-amended 13D filing with the Securities and Exchange Commission, billionaire Mario Gabelli‘s GAMCO Investors has further increased its stake in Herc Holdings Inc (NYSE:HRI). The fund and its affiliates raised their stake to 3.54 million shares, which amass 12.51% of the company’s outstanding stock, while GAMCO’s stake was raised to 2.66 million shares, which account for 9.40% of the float. Previously, the fund held 3.21 million Herc Holdings common shares in aggregate with its partners, which represented 11.33% of the float, while GAMCO solely owned 2.36 million shares or 8.35% of the company’s outstanding stock.
Herc Holdings Inc (NYSE:HRI), formerly part of Hertz Global Holdings, is a holding company that offers car rental and leasing services, operating in four sectors – Worldwide Equipment, International Car Rental, US Car Rental, and Other Operations. For the second quarter of 2016, Herc Holdings disclosed EPS of $0.28 and revenue of $380.4 million, which compares to EPS of $0.35 and revenue of $422.7 million for the corresponding quarter of the previous year. The company was
At the end of the June quarter, 11 smart money managers from within Insider Monkey’s database were long Herc Holdings Inc (NYSE:HRI). Some of them included David Cohen and Harold Levy’s Iridian Asset Management, which held $165.92 million worth of Herc Holdings’ shares, Karthik Sarma’s SRS Investment Management, which owned a position in the stock worth $110.10 million, David Einhorn’s Greenlight Capital, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Jim Simons’ Renaissance Technologies, and Ken Griffin’s Citadel Investment Group.
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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 |
|---|---|---|---|---|---|---|
| Gabelli Funds | 846,048 | 846,048 | 846,048 | 2.99% | ||
| GAMCO Asset Management Inc. | 2,486,127 | 2,659,853 | 2,659,853 | 9.40% | ||
| Gabelli Securities, Inc. | 5,857 | 5,857 | 5,857 | 0.02% | ||
| Gabelli Foundation, Inc. | 12,500 | 12,500 | 12,500 | 0.04% | ||
| MJG Associates, Inc. | 1,000 | 1,000 | 1,000 | 0.00% | ||
| MJG-IV Limited Partnership | 733 | 733 | 733 | 0.00% | ||
| GGCP, Inc. | 799 | 799 | 799 | 0.00% | ||
| GAMCO Investors, Inc. | 308 | 308 | 308 | 0.00% | ||
| Associated Capital Group, Inc. | 0.00% | |||||
| Mario J. Gabelli | 15,385 | 15,385 | 15,385 | 0.05% |
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Page 1 of 19 – SEC Filing
