NEOS Investment Management LLC Reduces Stake in Herc Holdings Inc. $HRI

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NEOS Investment Management LLC significantly reduced its stake in Herc Holdings Inc. (NYSE:HRI) by 47.7% in the third quarter, selling 18,389 shares and ending with 20,183 shares valued at approximately $2.36 million. Despite this, other institutions like Evergreen Capital, SG Americas Securities, Allspring Global Investments, and Ellsworth Advisors either increased or initiated positions in Herc. The company reported strong Q3 EPS of $2.07 against a consensus of $1.87, but revenue of $1.21 billion missed expectations; Herc also declared a quarterly dividend of $0.70 per share and maintains a “Moderate Buy” consensus rating from analysts.

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