Hudson Bay Capital Management LP Buys Shares of 31,364 Saia, Inc. $SAIA

Hudson Bay Capital Management LP purchased a new position in Saia, Inc. (NASDAQ:SAIA) during the third quarter, Holdings Channel reports. The fund purchased 31,364 shares of the transportation company’s stock, valued at approximately $9,389,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Saia during the 3rd quarter worth $30,000. Allworth Financial LP grew its position in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after acquiring an additional 58 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Saia by 6,400.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 192 shares during the last quarter. Danske Bank A S bought a new position in Saia in the third quarter valued at $60,000. Finally, Advisory Services Network LLC purchased a new stake in Saia during the third quarter valued at about $60,000.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research reports. Citigroup upped their price objective on Saia from $431.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. UBS Group restated a “buy” rating and issued a $493.00 target price on shares of Saia in a research report on Wednesday, February 11th. Bank of America upped their target price on Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. BMO Capital Markets set a $425.00 price target on shares of Saia in a research report on Thursday, February 19th. Finally, Stifel Nicolaus set a $352.00 price target on shares of Saia in a research note on Tuesday, March 10th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Hold” and an average target price of $379.47.

Saia Stock Down 0.5%

Shares of NASDAQ:SAIA opened at $321.17 on Friday. The stock’s 50-day moving average is $370.23 and its 200 day moving average is $328.43. The company has a market cap of $8.57 billion, a PE ratio of 33.74, a P/E/G ratio of 1.74 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.64. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $430.11.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.13). The business had revenue of $789.95 million during the quarter, compared to analysts’ expectations of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 EPS. Sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity at Saia

In related news, CFO Matthew J. Batteh sold 1,110 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $375.71, for a total transaction of $417,038.10. Following the completion of the transaction, the chief financial officer owned 5,360 shares in the company, valued at $2,013,805.60. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the sale, the chief accounting officer directly owned 3,157 shares of the company’s stock, valued at $1,228,073. The trade was a 20.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,533 shares of company stock valued at $6,015,055 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.