Daseke Inc (DSKE) Shares Sold by Cushing Asset Management LP
Cushing Asset Management LP trimmed its holdings in Daseke Inc (NASDAQ:DSKE) by 7.0% in the 4th quarter, HoldingsChannel reports. The fund owned 522,566 shares of the company’s stock after selling 39,186 shares during the quarter. Cushing Asset Management LP’s holdings in Daseke were worth $7,467,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of DSKE. TimesSquare Capital Management LLC grew its position in Daseke by 109.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,510,000 shares of the company’s stock worth $21,578,000 after acquiring an additional 789,100 shares in the last quarter. Emerald Advisers Inc. PA grew its position in Daseke by 53.5% in the fourth quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock worth $16,694,000 after acquiring an additional 407,273 shares in the last quarter. Boston Partners bought a new stake in Daseke in the fourth quarter worth approximately $5,375,000. BlackRock Inc. grew its position in Daseke by 39.8% in the fourth quarter. BlackRock Inc. now owns 1,263,249 shares of the company’s stock worth $18,052,000 after acquiring an additional 359,494 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Daseke by 318.0% in the fourth quarter. Allianz Asset Management GmbH now owns 351,412 shares of the company’s stock worth $5,022,000 after acquiring an additional 267,342 shares in the last quarter. 31.72% of the stock is owned by institutional investors.
Shares of Daseke Inc (NASDAQ:DSKE) opened at $10.58 on Wednesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.89 and a current ratio of 2.88. Daseke Inc has a one year low of $8.76 and a one year high of $14.52.
Several analysts have commented on the stock. BidaskClub downgraded shares of Daseke from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Cowen reissued a “buy” rating on shares of Daseke in a research report on Monday, February 26th. Seaport Global Securities assumed coverage on shares of Daseke in a research report on Tuesday, March 6th. They issued a “buy” rating for the company. Northland Securities reissued a “buy” rating and issued a $17.50 target price on shares of Daseke in a research report on Monday, December 11th. Finally, Buckingham Research assumed coverage on shares of Daseke in a research report on Friday, February 23rd. They issued a “buy” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.70.
TRADEMARK VIOLATION WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/03/14/daseke-inc-dske-shares-sold-by-cushing-asset-management-lp.html.
Daseke, Inc is a consolidator of the flatbed and specialized transportation in North America that comprises 16 operating companies. It provides open deck transportation and logistics. The Company operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
Want to see what other hedge funds are holding DSKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Daseke Inc (NASDAQ:DSKE).
Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.