Hub Group Inc (NASDAQ:HUBG) Short Interest Update
Hub Group Inc (NASDAQ:HUBG) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,660,000 shares, a growth of 12.2% from the August 30th total of 1,480,000 shares. Currently, 5.2% of the shares of the company are short sold. Based on an average trading volume of 260,500 shares, the short-interest ratio is currently 6.4 days.
In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total value of $211,050.00. Following the completion of the transaction, the director now owns 67,127 shares in the company, valued at $2,833,430.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.94% of the company’s stock.
Large investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC purchased a new position in Hub Group during the third quarter worth about $429,000. Peregrine Capital Management LLC raised its holdings in Hub Group by 3.4% during the third quarter. Peregrine Capital Management LLC now owns 380,811 shares of the transportation company’s stock worth $17,708,000 after purchasing an additional 12,427 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in Hub Group by 1.1% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 301,276 shares of the transportation company’s stock worth $14,009,000 after purchasing an additional 3,371 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Hub Group during the third quarter worth about $217,000. Finally, State of Alaska Department of Revenue raised its holdings in Hub Group by 121.2% during the third quarter. State of Alaska Department of Revenue now owns 25,674 shares of the transportation company’s stock worth $1,193,000 after purchasing an additional 14,066 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:HUBG traded up $0.65 on Wednesday, reaching $48.25. The company’s stock had a trading volume of 10,079 shares, compared to its average volume of 255,816. The stock’s 50-day moving average is $45.28 and its two-hundred day moving average is $42.52. Hub Group has a 52-week low of $34.02 and a 52-week high of $49.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $1.62 billion, a P/E ratio of 18.46 and a beta of 1.60.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Tuesday, July 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. Hub Group had a net margin of 5.69% and a return on equity of 11.40%. The business had revenue of $921.16 million during the quarter, compared to analysts’ expectations of $973.45 million. During the same period in the prior year, the company earned $0.66 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Hub Group will post 3.36 earnings per share for the current fiscal year.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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