1,607 Shares in Hub Group Inc (HUBG) Acquired by Acadian Asset Management LLC
Acadian Asset Management LLC purchased a new stake in shares of Hub Group Inc (NASDAQ:HUBG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,607 shares of the transportation company’s stock, valued at approximately $60,000.
Other large investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in Hub Group during the 4th quarter valued at $39,000. Quantamental Technologies LLC bought a new position in Hub Group in the 4th quarter valued at $40,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hub Group by 30.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 544 shares during the last quarter. Stevens Capital Management LP bought a new position in Hub Group in the 3rd quarter valued at $216,000. Finally, BlueMountain Capital Management LLC grew its position in Hub Group by 330.6% in the 3rd quarter. BlueMountain Capital Management LLC now owns 5,003 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 3,841 shares during the last quarter. Institutional investors own 91.06% of the company’s stock.
HUBG opened at $43.28 on Friday. Hub Group Inc has a 12-month low of $34.02 and a 12-month high of $56.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $1.51 billion, a PE ratio of 16.58 and a beta of 1.68.
Several equities analysts have commented on HUBG shares. UBS Group downgraded Hub Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $48.00 in a research report on Tuesday, December 4th. Stephens upped their price objective on Hub Group to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 8th. They noted that the move was a valuation call. BidaskClub raised Hub Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. ValuEngine raised Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, December 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Hub Group presently has a consensus rating of “Hold” and a consensus target price of $55.90.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
Further Reading: Sell-Side Analysts
Want to see what other hedge funds are holding HUBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hub Group Inc (NASDAQ:HUBG).
Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.