Y Intercept Hong Kong Ltd Has $372,000 Stock Position in Heartland Express, Inc. $HTLD

Y Intercept Hong Kong Ltd increased its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 206.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 43,064 shares of the transportation company’s stock after purchasing an additional 29,002 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Heartland Express were worth $372,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HTLD. Charles Schwab Investment Management Inc. lifted its position in shares of Heartland Express by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 959,257 shares of the transportation company’s stock valued at $8,844,000 after buying an additional 60,968 shares during the last quarter. Nuveen LLC bought a new stake in Heartland Express in the 1st quarter valued at $6,389,000. Bridgeway Capital Management LLC lifted its holdings in Heartland Express by 1.2% during the 1st quarter. Bridgeway Capital Management LLC now owns 588,417 shares of the transportation company’s stock valued at $5,425,000 after purchasing an additional 7,146 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Heartland Express during the first quarter worth $5,396,000. Finally, Empowered Funds LLC boosted its position in Heartland Express by 2.1% during the first quarter. Empowered Funds LLC now owns 353,417 shares of the transportation company’s stock worth $3,259,000 after purchasing an additional 7,146 shares during the period. Institutional investors and hedge funds own 53.45% of the company’s stock.

Insider Activity

In related news, CEO Michael J. Gerdin purchased 24,798 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $8.19 per share, for a total transaction of $203,095.62. Following the completion of the transaction, the chief executive officer owned 1,491,868 shares of the company’s stock, valued at approximately $12,218,398.92. This trade represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders acquired 30,000 shares of company stock worth $245,752. Corporate insiders own 40.70% of the company’s stock.

Heartland Express Stock Up 0.3%

Shares of HTLD opened at $7.63 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. Heartland Express, Inc. has a 12 month low of $7.11 and a 12 month high of $12.85. The firm’s 50 day moving average is $8.29 and its 200-day moving average is $8.45. The stock has a market capitalization of $590.62 million, a PE ratio of -16.59 and a beta of 1.07.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Thursday, November 6th. The transportation company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Heartland Express had a negative return on equity of 4.42% and a negative net margin of 3.85%.The business had revenue of $172.43 million for the quarter, compared to the consensus estimate of $209.68 million. Equities research analysts forecast that Heartland Express, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

HTLD has been the topic of several research analyst reports. Barclays dropped their price objective on shares of Heartland Express from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley lowered their price target on shares of Heartland Express from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Zacks Research upgraded Heartland Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Robert W. Baird lowered their target price on Heartland Express from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Heartland Express from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Wednesday, October 8th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Heartland Express currently has a consensus rating of “Reduce” and a consensus price target of $8.75.

Heartland Express Company Profile

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.