Russell Investments Group Ltd. Has $1.53 Million Holdings in Hub Group, Inc. (HUBG)
Russell Investments Group Ltd. lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 56.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,990 shares of the transportation company’s stock after selling 50,908 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Hub Group worth $1,533,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new position in Hub Group during the 1st quarter worth $290,000. Schwab Charles Investment Management Inc. raised its position in Hub Group by 9.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 258,454 shares of the transportation company’s stock worth $11,993,000 after buying an additional 22,156 shares during the last quarter. Vanguard Group Inc. raised its position in Hub Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock worth $131,212,000 after buying an additional 99,076 shares during the last quarter. Amalgamated Bank purchased a new position in Hub Group during the 1st quarter worth $206,000. Finally, Highbridge Capital Management LLC purchased a new position in Hub Group during the 1st quarter worth $1,166,000. Institutional investors own 91.08% of the company’s stock.
A number of brokerages have commented on HUBG. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, July 5th. Cowen and Company cut their price objective on shares of Hub Group from $42.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research report on Friday, May 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $45.00 price objective on shares of Hub Group in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Hub Group presently has a consensus rating of “Hold” and an average target price of $40.83.
Shares of Hub Group, Inc. (NASDAQ:HUBG) traded up 0.25% during trading on Friday, hitting $39.85. 88,516 shares of the stock were exchanged. Hub Group, Inc. has a 12-month low of $33.17 and a 12-month high of $52.50. The stock has a 50-day moving average of $36.58 and a 200 day moving average of $39.96. The stock has a market cap of $1.36 billion, a P/E ratio of 23.73 and a beta of 1.38.
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 analysts’ consensus estimates of $0.37 by $0.08. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The company had revenue of $924.50 million for the quarter, compared to the consensus estimate of $930.59 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Hub Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts predict that Hub Group, Inc. will post $1.48 earnings per share for the current fiscal year.
In related news, Director Charles R. Reaves sold 6,000 shares of Hub Group 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 sale, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.36% of the stock is owned by insiders.
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Hub Group 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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