Heartland Express, Inc. (NASDAQ:HTLD) Short Interest Update

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,470,000 shares, a drop of 14.0% from the May 15th total of 1,710,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 406,900 shares, the short-interest ratio is currently 3.6 days.

Analyst Ratings Changes

HTLD has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Heartland Express from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Barclays lowered their price objective on Heartland Express from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, April 30th. Finally, StockNews.com lowered Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.25.

Check Out Our Latest Analysis on HTLD

Heartland Express Trading Down 0.6 %

Shares of Heartland Express stock traded down $0.07 during trading hours on Friday, reaching $11.67. The stock had a trading volume of 332,780 shares, compared to its average volume of 330,616. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. Heartland Express has a 1 year low of $9.63 and a 1 year high of $17.08. The firm has a market capitalization of $922.51 million, a price-to-earnings ratio of -68.65 and a beta of 0.67. The firm has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $12.26.

Heartland Express (NASDAQ:HTLDGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). Heartland Express had a negative return on equity of 1.50% and a negative net margin of 1.13%. The business had revenue of $270.30 million during the quarter, compared to analyst estimates of $263.92 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Heartland Express will post -0.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Michael J. Gerdin purchased 31,200 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $9.97 per share, for a total transaction of $311,064.00. Following the transaction, the chief executive officer now directly owns 88,909 shares of the company’s stock, valued at approximately $886,422.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael J. Gerdin purchased 31,200 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $9.97 per share, with a total value of $311,064.00. Following the purchase, the chief executive officer now directly owns 88,909 shares of the company’s stock, valued at $886,422.73. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ann S. Gerdin Revocable Trust purchased 88,100 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $10.44 per share, with a total value of $919,764.00. Following the transaction, the insider now owns 583,712 shares of the company’s stock, valued at $6,093,953.28. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 405,490 shares of company stock valued at $4,237,451. Insiders own 39.60% of the company’s stock.

Hedge Funds Weigh In On Heartland Express

Institutional investors have recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in shares of Heartland Express in the first quarter valued at approximately $62,000. Inspire Advisors LLC boosted its stake in Heartland Express by 23.3% during the first quarter. Inspire Advisors LLC now owns 14,715 shares of the transportation company’s stock valued at $176,000 after buying an additional 2,779 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Heartland Express during the third quarter worth about $244,000. Dark Forest Capital Management LP bought a new stake in Heartland Express in the third quarter worth about $258,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Heartland Express in the 4th quarter valued at about $327,000. 53.45% of the stock is owned by institutional investors.

Heartland Express Company Profile

(Get Free Report)

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.

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