ArrowMark Colorado Holdings LLC Sells 43,562 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

ArrowMark Colorado Holdings LLC lowered its holdings in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,876,430 shares of the transportation company's stock after selling 43,562 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 3.66% of Heartland Express worth $32,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Heartland Express during the 4th quarter worth $42,000. R Squared Ltd acquired a new stake in Heartland Express in the 4th quarter worth $75,000. Meeder Asset Management Inc. bought a new position in Heartland Express during the fourth quarter valued at about $79,000. KLP Kapitalforvaltning AS bought a new stake in shares of Heartland Express during the fourth quarter valued at approximately $105,000. Finally, XTX Topco Ltd bought a new position in shares of Heartland Express during the 4th quarter worth about $134,000. Institutional investors and hedge funds own 53.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Heartland Express from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Barclays dropped their price target on shares of Heartland Express from $11.00 to $9.00 and set an "underweight" rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com cut Heartland Express from a "hold" rating to a "sell" rating in a research note on Monday.

Heartland Express Stock Down 1.6 %

NASDAQ HTLD traded down $0.12 on Tuesday, reaching $7.60. The company had a trading volume of 607,075 shares, compared to its average volume of 411,572. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. The firm has a market capitalization of $596.83 million, a price-to-earnings ratio of -20.54 and a beta of 1.04. Heartland Express, Inc. has a 1-year low of $7.11 and a 1-year high of $13.67. The company's fifty day moving average is $8.87 and its 200-day moving average is $10.59.

Heartland Express (NASDAQ:HTLD - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $219.42 million for the quarter, compared to the consensus estimate of $241.37 million. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. The business's revenue was down 18.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) EPS. On average, research analysts forecast that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.

Heartland Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, March 25th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, March 25th. Heartland Express's dividend payout ratio is currently -22.22%.

About Heartland Express

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.