Highbridge Capital Management LLC bought a new stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,430 shares of the transportation company’s stock, valued at approximately $387,000.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in shares of Heartland Express by 6.3% during the 3rd quarter. Bessemer Group Inc. now owns 394,682 shares of the transportation company’s stock valued at $9,898,000 after acquiring an additional 23,298 shares during the period. Teachers Advisors LLC raised its holdings in shares of Heartland Express by 5.3% during the 1st quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock worth $1,627,000 after buying an additional 4,066 shares in the last quarter. Cipher Capital LP acquired a new position in shares of Heartland Express during the 2nd quarter worth $599,000. TIAA CREF Investment Management LLC raised its holdings in shares of Heartland Express by 38.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock worth $3,462,000 after buying an additional 45,957 shares in the last quarter. Finally, Dean Capital Management raised its holdings in shares of Heartland Express by 137.7% during the 2nd quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock worth $4,495,000 after buying an additional 125,060 shares in the last quarter. Hedge funds and other institutional investors own 61.64% of the company’s stock.

Heartland Express, Inc. (HTLD) opened at $22.77 on Tuesday. Heartland Express, Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $25.22. The company has a market capitalization of $1,892.64, a price-to-earnings ratio of 37.87, a PEG ratio of 2.79 and a beta of 0.55.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The firm had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. During the same period in the previous year, the company earned $0.15 EPS. Heartland Express’s revenue for the quarter was up 22.0% on a year-over-year basis. equities research analysts anticipate that Heartland Express, Inc. will post 0.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.35%. Heartland Express’s payout ratio is presently 13.33%.

A number of equities analysts have recently commented on the company. TheStreet cut Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. UBS boosted their price target on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Robert W. Baird reissued a “hold” rating and set a $26.00 price target on shares of Heartland Express in a report on Friday, October 6th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and boosted their price target for the stock from $22.00 to $28.00 in a report on Friday, September 29th. Finally, Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, October 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.17.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/highbridge-capital-management-llc-buys-new-stake-in-heartland-express-inc-htld/1772283.html.

About Heartland Express

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.

Institutional Ownership by Quarter for Heartland Express (NASDAQ:HTLD)

Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.