Cipher Capital LP Buys 29,097 Shares of Heartland Express, Inc. (HTLD)
Cipher Capital LP boosted its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 101.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,900 shares of the transportation company’s stock after buying an additional 29,097 shares during the period. Cipher Capital LP owned 0.07% of Heartland Express worth $1,452,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its stake in Heartland Express by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock worth $119,000 after buying an additional 58 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Heartland Express by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock worth $177,000 after buying an additional 3,766 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Heartland Express by 17.6% during the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock worth $208,000 after buying an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in Heartland Express during the second quarter worth $210,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Heartland Express during the third quarter worth $238,000. 57.20% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Heartland Express from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. UBS Group AG boosted their price objective on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Robert W. Baird reissued a “hold” rating and set a $24.00 price objective on shares of Heartland Express in a research note on Sunday, September 17th. TheStreet lowered Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Finally, Barclays PLC lowered their price objective on Heartland Express from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.17.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of Heartland Express stock in a transaction on Monday, September 11th. The stock was sold at an average price of $22.54, for a total value of $161,070.84. Following the sale, the executive vice president now owns 57,668 shares in the company, valued at $1,299,836.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.10% of the stock is owned by insiders.
Shares of Heartland Express, Inc. (NASDAQ HTLD) opened at $21.20 on Thursday. Heartland Express, Inc. has a 1 year low of $18.71 and a 1 year high of $25.22. The company has a market capitalization of $1,777.68, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54.
Heartland Express (NASDAQ:HTLD) last posted its earnings results on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The business had revenue of $182.10 million during the quarter, compared to analysts’ expectations of $205.81 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Heartland Express’s revenue for the quarter was up 22.0% compared to the same quarter last year. analysts forecast that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.
Heartland Express Company Profile
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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