Avis Budget Group, Inc. (CAR) Forms $46.29 Double Top; Donegal Mutual Insurance Co (DGICB)’s Sentiment Is 1

April 3, 2018 - By Martha Paddon

Avis Budget Group, Inc. (NASDAQ:CAR) Logo

Donegal Mutual Insurance Co (DGICB) investors sentiment is 1 in Q4 2017. It’s the same as in 2017Q3. The ratio is the same, as only 1 hedge funds started new or increased holdings, while 1 reduced and sold holdings in Donegal Mutual Insurance Co. The hedge funds in our database now own: 452,859 shares, down from 453,474 shares in 2017Q3. Also, the number of hedge funds holding Donegal Mutual Insurance Co in top ten holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 0 Increased: 0 New Position: 1.

Avis Budget Group, Inc. (CAR) formed double top with $49.53 target or 7.00% above today’s $46.29 share price. Avis Budget Group, Inc. (CAR) has $3.75 billion valuation. The stock decreased 1.17% or $0.55 during the last trading session, reaching $46.29. About 1.86 million shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 66.28% since April 3, 2017 and is uptrending. It has outperformed by 54.73% the S&P500.

Minerva Advisors Llc holds 0.16% of its portfolio in Donegal Group Inc. for 21,506 shares. Logan Capital Management Inc owns 135,185 shares or 0.14% of their US portfolio. Moreover, Dimensional Fund Advisors Lp has 0% invested in the company for 224,526 shares. The New York-based Morgan Stanley has invested 0% in the stock. Royal Bank Of Canada, a Ontario – Canada-based fund reported 8,446 shares.

Donegal Group Inc., an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. The company has market cap of $412.27 million. It operates through four divisions: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC. It has a 55.75 P/E ratio. The firm offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.

It closed at $14.05 lastly. It is down 33.00% since April 3, 2017 and is downtrending. It has underperformed by 44.55% the S&P500.

Investors sentiment increased to 0.7 in Q4 2017. Its up 0.12, from 0.58 in 2017Q3. It improved, as 39 investors sold Avis Budget Group, Inc. shares while 78 reduced holdings. 36 funds opened positions while 46 raised stakes. 100.88 million shares or 8.81% less from 110.63 million shares in 2017Q3 were reported. Balyasny Asset Management Lc owns 17,300 shares or 0% of their US portfolio. Vanguard Group Inc reported 6.28 million shares or 0.01% of all its holdings. Srs Invest Mngmt Limited Co holds 13.68% or 12.00M shares. Tiaa Cref Inv Limited Liability Company owns 0.01% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 363,324 shares. Teewinot Capital Advisers Ltd Co, a New York-based fund reported 252,150 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 4,117 shares or 0% of the stock. Nomura Holdings reported 0.19% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Pacad Investment Ltd holds 10,700 shares. Bbr Prtn Limited Liability Co reported 15,000 shares. Mutual Of America Capital Mgmt Limited Company reported 59,897 shares. Crow Point Partners Ltd Liability owns 7,200 shares for 0.05% of their portfolio. Advantus Capital Mngmt owns 8,825 shares or 0.01% of their US portfolio. Picton Mahoney Asset owns 0.04% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 35,700 shares. Proshare Advsrs Ltd Liability Corporation reported 17,607 shares stake. Diligent Invsts Limited Liability Corporation owns 12,177 shares.

Since October 13, 2017, it had 1 insider buy, and 2 insider sales for $130.66 million activity. Another trade for 25,000 shares valued at $1.05M was made by De Shon Larry D on Monday, October 30. Shares for $141.96M were bought by SRS Investment Management – LLC. NELSON RONALD L sold 250,000 shares worth $10.26 million.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on May, 2. They expect $-1.09 EPS, down 15.96% or $0.15 from last year’s $-0.94 per share. After $0.45 actual EPS reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -342.22% negative EPS growth.

Donegal Group Inc. (NASDAQ:DGICB) Institutional Positions Chart