Southport Management L.L.C. purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,500 shares of the transportation company’s stock, valued at approximately $322,000.

A number of other hedge funds also recently made changes to their positions in HUBG. Quantbot Technologies LP grew its holdings in Hub Group by 37.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after acquiring an additional 915 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Hub Group by 12.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares in the last quarter. US Bancorp DE grew its holdings in Hub Group by 235.9% during the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after acquiring an additional 3,880 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Hub Group during the 2nd quarter worth $253,000. Finally, Suntrust Banks Inc. grew its holdings in Hub Group by 20.1% during the 2nd quarter. Suntrust Banks Inc. now owns 7,060 shares of the transportation company’s stock worth $270,000 after acquiring an additional 1,180 shares in the last quarter. 93.87% of the stock is owned by institutional investors.

Hub Group, Inc. (HUBG) opened at $46.65 on Thursday. Hub Group, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $1,623.78, a PE ratio of 27.84, a PEG ratio of 1.88 and a beta of 1.49.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. analysts anticipate that Hub Group, Inc. will post 1.69 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. BidaskClub raised shares of Hub Group from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Wells Fargo & Company reissued a “market perform” rating and set a $46.00 price objective (up from $37.00) on shares of Hub Group in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS raised their price objective on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 27th. BMO Capital Markets raised their price objective on shares of Hub Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, Stephens raised shares of Hub Group from an “equal weight” rating to an “overweight” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.36.

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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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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