Saia, Inc. (NASDAQ:SAIA) Stake Lifted by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,927 shares of the transportation company’s stock after buying an additional 484 shares during the period. Boothbay Fund Management LLC’s holdings in Saia were worth $878,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Saia in the 4th quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc bought a new stake in shares of Saia during the fourth quarter valued at approximately $36,000. Huntington National Bank boosted its position in shares of Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after buying an additional 70 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after buying an additional 49 shares in the last quarter.

Saia Stock Down 0.2 %

Shares of NASDAQ:SAIA opened at $236.65 on Wednesday. The firm has a 50 day simple moving average of $353.86 and a 200 day simple moving average of $446.16. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a market cap of $6.30 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $787.58 million during the quarter, compared to analysts’ expectations of $806.18 million. During the same quarter in the previous year, the company earned $3.38 EPS. Saia’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James set a $310.00 price target on Saia and gave the stock an “outperform” rating in a research report on Monday. TD Cowen increased their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Bank of America downgraded shares of Saia from a “buy” rating to a “neutral” rating and set a $251.00 price target on the stock. in a research report on Monday. The Goldman Sachs Group decreased their price objective on shares of Saia from $485.00 to $387.00 and set a “neutral” rating for the company in a report on Monday. Finally, BMO Capital Markets downgraded Saia from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Saia has a consensus rating of “Hold” and an average target price of $358.21.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.