Y Intercept Hong Kong Ltd Buys 16,297 Shares of Saia, Inc. $SAIA

Y Intercept Hong Kong Ltd increased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1,518.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,370 shares of the transportation company’s stock after acquiring an additional 16,297 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Saia were worth $4,759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SAIA. Golden State Wealth Management LLC increased its position in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after buying an additional 47 shares during the last quarter. AlphaQuest LLC acquired a new position in Saia during the second quarter worth approximately $41,000. Blue Trust Inc. increased its position in Saia by 52.9% during the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after buying an additional 72 shares during the last quarter. CWM LLC increased its position in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after buying an additional 44 shares during the last quarter. Finally, Mattson Financial Services LLC increased its position in Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after buying an additional 57 shares during the last quarter.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a research report on Wednesday, October 8th. Citigroup lowered their price target on Saia from $373.00 to $371.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Barclays boosted their price target on Saia from $315.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Stifel Nicolaus lowered their price target on Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Susquehanna upgraded Saia from a “neutral” rating to a “positive” rating and increased their target price for the stock from $340.00 to $360.00 in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.83.

Saia Price Performance

Shares of NASDAQ SAIA opened at $284.33 on Wednesday. The firm has a market cap of $7.57 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 13.43 and a beta of 2.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The business’s 50 day moving average is $303.28 and its 200-day moving average is $291.67.

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.