Billionaire Mario Gabelli‘s GAMCO Investors recently filed a Form 13D with the US Securities and Exchange Commission, in which reports holding in aggregate with its affiliates 2.57 million shares of Herc Holdings Inc (NYSE:HRI), which account for 9.08% of the outstanding stock. Out of the aggregate amount, GAMCO solely owns 2.07 million shares, which amass 7.30% of the total amount of shares. The aggregate stake was increased from 2.27 million shares, which represented 8.01% of the outstanding stock, while GAMCO’s stake alone previously consisted of 1.82 million shares, which amassed 6.42% of the shares outstanding, according to its last 13D filing on the company.
Herc Holdings, recently separated from Hertz Global Holdings (NYSE:HTZ), is a holding company that provides professional services of renting cars and leasing, operating in four divisions: International Car Rental, Worldwide Equipment Rental, US Car Rental, and Other Operations. For the second quarter of 2016, Herc Holdings disclosed a loss per share of $0.28 and total revenues of $380.4 million, compared to EPS of $0.35 and total revenues of $422.7 million for the same period of 2015.
As per Insider Monkey’s database, there were 11 investors long Herc Holdings (NYSE:HRI) at the end of June. David Cohen And Harold Levy’s Iridian Asset Management held a position worth around $165.92 million, Karthik Sarma’s SRS Investment Management, with a position valued at $110.10 million. Some other investors that were bullish on the stock include Jim Simons’ Renaissance Technologies, Andrew Feldstein And Stephen Siderow’s Blue Mountain Capital, Ken Griffin’s Citadel Investment Group, and Jonathan Kolatch’s Redwood Capital Management.
Among investors who decided to dump Herc Holdings (NYSE:HRI) during the quarter, were Philippe Laffont’s Coatue Management, which dropped $54.54 million worth a position, Dmitry Balyasny’s Balyasny Asset Management, which said goodbye to a position valued at the end of March at $8.32 million, Gregg Moskowitz’s Interval Partners, and Benjamin A. Smith’s Laurion Capital Management.
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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 | 466,702 | 466,702 | 466,702 | 1.65% | ||
| GAMCO Asset Management Inc. I.D. No. 13-40445 | 1,926,877 | 2,065,602 | 2,065,602 | 7.30% | ||
| 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 | 21,785 | 21,785 | 21,785 | 0.07% |
