Stephens Investment Management Group LLC reduced its stake in Hub Group, Inc. (NASDAQ:HUBG) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,197 shares of the transportation company’s stock after selling 1,465 shares during the quarter. Stephens Investment Management Group LLC owned about 0.69% of Hub Group worth $9,020,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Hub Group in the 1st quarter worth approximately $112,000. Ameritas Investment Partners Inc. bought a new stake in shares of Hub Group in the 1st quarter worth approximately $134,000. Stevens Capital Management LP bought a new stake in shares of Hub Group in the 1st quarter worth approximately $203,000. Amalgamated Bank bought a new stake in shares of Hub Group in the 1st quarter worth approximately $206,000. Finally, Miles Capital Inc. boosted its position in shares of Hub Group by 0.3% in the 1st quarter. Miles Capital Inc. now owns 5,105 shares of the transportation company’s stock worth $237,000 after purchasing an additional 13 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the sale, the director now owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.36% of the stock is owned by insiders.
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Shares of Hub Group, Inc. (NASDAQ HUBG) opened at 39.45 on Thursday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 23.50 and a beta of 1.38. Hub Group, Inc. has a 52 week low of $33.17 and a 52 week high of $52.50. The firm has a 50-day moving average price of $36.59 and a 200-day moving average price of $39.65.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The firm had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. On average, equities analysts anticipate that Hub Group, Inc. will post $1.48 earnings per share for the current year.
HUBG has been the topic of a number of analyst reports. KeyCorp reissued a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Stifel Nicolaus raised Hub Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $44.00 to $45.00 in a research report on Tuesday, May 30th. BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a research report on Friday, May 19th. J P Morgan Chase & Co assumed coverage on Hub Group in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price objective on the stock. Finally, Zacks Investment Research cut Hub Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.83.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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