Columbia Partners L L C Investment Management Invests $401,000 in Saia, Inc. (SAIA) Stock
Columbia Partners L L C Investment Management acquired a new position in Saia, Inc. (NASDAQ:SAIA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,404 shares of the transportation company’s stock, valued at approximately $401,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in Saia by 4,376.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,838 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Saia by 69.8% in the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after purchasing an additional 1,020 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Saia by 68.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after purchasing an additional 1,031 shares in the last quarter. SG Americas Securities LLC bought a new position in Saia in the 3rd quarter worth $179,000. Finally, 1st Global Advisors Inc. bought a new position in Saia in the 2nd quarter worth $200,000. Institutional investors and hedge funds own 96.98% of the company’s stock.
In related news, Director John J. Holland sold 1,618 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $56.21, for a total value of $90,947.78. Following the completion of the transaction, the director now directly owns 1,028 shares in the company, valued at approximately $57,783.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $64.53, for a total transaction of $85,308.66. Following the completion of the transaction, the vice president now owns 31,668 shares of the company’s stock, valued at $2,043,536.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,023 shares of company stock valued at $4,108,329. 1.50% of the stock is owned by company insiders.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). The business had revenue of $350.06 million during the quarter, compared to the consensus estimate of $344.46 million. Saia had a return on equity of 10.61% and a net margin of 4.05%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. equities analysts anticipate that Saia, Inc. will post 2.16 EPS for the current fiscal year.
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Several research analysts have commented on the stock. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $48.00 price objective (up from $44.00) on shares of Saia in a report on Monday, July 31st. Cowen and Company upped their price objective on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $50.33.
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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