Carl Icahn Raises Hertz Global Stake ~ market folly

Monday, December 1, 2014

Carl Icahn Raises Hertz Global Stake

Corporate activist Carl Icahn has filed an amended 13D with the SEC regarding his position in Hertz Global (HTZ).  Per the filing, Icahn now owns 10.77% of the company with over 49.2 million shares of HTZ.

This means he's recently purchased over 10.4 million shares and did the bulk of his buying on November 24th and 25th at around $24.xx per share.  Icahn's nominee for CEO, John Tague, was recently appointed to the position as Icahn looks to get the turnaround at the company started.

HTZ has been a popular stock among hedge funds.  Not to mention, another activist investor is involved too: JANA Partners.

Hertz is featured in the equity analysis section of the brand new issue of our Hedge Fund Wisdom newsletter that was just released.  For a limited time, we're having a 33% off sale and you can read the investment thesis on Hertz by signing up here.

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