Hub Group, Inc. (HUBG) Shares Sold by Foundry Partners LLC
Foundry Partners LLC lowered its position in Hub Group, Inc. (NASDAQ:HUBG) by 28.5% during the second quarter, Holdings Channel reports. The institutional investor owned 54,334 shares of the transportation company’s stock after selling 21,609 shares during the period. Foundry Partners LLC’s holdings in Hub Group were worth $2,084,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. purchased a new position in Hub Group during the first quarter worth $501,000. Algert Global LLC purchased a new position in Hub Group during the first quarter worth $290,000. First Trust Advisors LP raised its position in Hub Group by 48.0% in the first quarter. First Trust Advisors LP now owns 46,023 shares of the transportation company’s stock worth $2,135,000 after buying an additional 14,918 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Hub Group by 15.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 33,447 shares of the transportation company’s stock worth $1,552,000 after buying an additional 4,559 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its position in Hub Group by 923.7% in the first quarter. Chicago Equity Partners LLC now owns 98,685 shares of the transportation company’s stock worth $4,579,000 after buying an additional 89,045 shares in the last quarter. 93.67% of the stock is owned by hedge funds and other institutional investors.
Hub Group, Inc. (NASDAQ:HUBG) opened at 35.95 on Thursday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 21.41 and a beta of 1.40. Hub Group, Inc. has a 12 month low of $33.17 and a 12 month high of $52.50. The stock’s 50 day moving average is $37.17 and its 200-day moving average is $41.11.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.08. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. During the same quarter last year, the firm earned $0.61 EPS. Hub Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Hub Group, Inc. will post $1.48 earnings per share for the current fiscal year.
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A number of research firms have weighed in on HUBG. Cowen and Company reissued a “market perform” rating and set a $41.00 target price (down previously from $44.00) on shares of Hub Group in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub raised shares of Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. TheStreet lowered shares of Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Finally, Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $45.00 in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.83.
About Hub Group
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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