9,296 Shares in Forward Air Co. (NASDAQ:FWRD) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Forward Air Co. (NASDAQ:FWRD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,296 shares of the transportation company’s stock, valued at approximately $300,000.

Other institutional investors have also bought and sold shares of the company. Goldentree Asset Management LP purchased a new stake in shares of Forward Air in the third quarter valued at approximately $14,270,000. Assenagon Asset Management S.A. purchased a new stake in Forward Air in the 4th quarter valued at $11,140,000. JPMorgan Chase & Co. increased its stake in shares of Forward Air by 688.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,921 shares of the transportation company’s stock worth $11,573,000 after acquiring an additional 285,465 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Forward Air by 1,481.6% during the 3rd quarter. Verition Fund Management LLC now owns 208,396 shares of the transportation company’s stock worth $7,377,000 after acquiring an additional 195,220 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Forward Air by 2,430.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,846 shares of the transportation company’s stock valued at $4,703,000 after acquiring an additional 127,596 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Forward Air Stock Performance

Shares of FWRD stock opened at $20.90 on Friday. Forward Air Co. has a one year low of $11.21 and a one year high of $40.92. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50 day moving average price is $26.99 and its 200-day moving average price is $31.99. The firm has a market cap of $605.14 million, a P/E ratio of -0.88 and a beta of 1.08.

Analyst Upgrades and Downgrades

FWRD has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Forward Air from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Robert W. Baird reduced their price target on shares of Forward Air from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Benchmark reiterated a “hold” rating on shares of Forward Air in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.00.

Forward Air Company Profile

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.