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Herc Holdings Inc (HRI): Billionaire Mario Gabelli’s GAMCO Investors Reports 5.46% Stake

On July 1, Herc Holding Inc (NYSE:HRI) completed its separation from Hertz Global Holdings (NYSE:HTZ) and began trading as an independent public company. According to a new 13D filing with the Securities and Exchange Commission, billionaire Mario Gabelli‘s GAMCO Investors and its affiliates hold 1.6 million common shares of Herc Holdings, which amass 5.64% of the company’s outstanding stock, with GAMCO itself owning 1.26 million shares, which account for 4.46% of the company’s outstanding stock. Prior to the separation, GAMCO held almost 7.00 million shares of Hertz Global Holdings (NYSE:HTZ), as disclosed in its 13F filing for the reporting period of June 30.

Herc Holdings is a holding company that mainly operates leasing and renting cars business, working through brands in four sectors: International Car Rental, U.S. Car Rental, Worldwide Equipment Rental, and All Other Operations. Since the company started trading at the beginning of July, its shares have lost 0.21%. In its first financial report since the separation, Herc Holdings (NYSE:HRI) reported a loss per share of $0.28, and a net loss of $8.00 million for the second quarter, compared to earnings per share of $0.35 and net income of $10.6 million attributed to it for the same quarter of the previous year.


Carl Icahn’s Icahn Capital reported owning 4.31 million shares of Herc Holdings (NYSE:HRI) as of June 30, equal to 15.24% of the company’s outstanding stock. Icahn Capital is the only other hedge fund in our database that has filed on the company thus far.

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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 311,230 311,230 311,230 1.10%
GAMCO Asset Management Inc. I.D. No. 13-40445 1,178,176 1,261,901 1,261,901 4.46%
Gabelli Securities, Inc. I.D. No. 13-3379374 4,766 4,766 4,766 0.02%
Gabelli Foundation, Inc. I.D. No. 94 3,600 3,600 3,600 0.01%
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 276 276 276 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%

Mario Gabelli
Mario Gabelli
GAMCO Investors

Page 1 of 19 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
Herc Holdings Inc.
(Name of Issuer)
Common Stock, Par Value $0.01
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________ August 1, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .