Crestline Management LP Buys Shares of 7,985 Saia, Inc. (NASDAQ:SAIA)

Crestline Management LP acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,985 shares of the transportation company's stock, valued at approximately $3,639,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Franklin Resources Inc. lifted its stake in Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock valued at $31,633,000 after purchasing an additional 3,886 shares during the last quarter. GAMMA Investing LLC raised its holdings in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after acquiring an additional 219 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Saia in the 4th quarter worth approximately $301,000. Fifth Third Wealth Advisors LLC raised its stake in Saia by 16.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company's stock valued at $506,000 after buying an additional 159 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Saia by 14.7% during the 4th quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company's stock valued at $577,000 after buying an additional 162 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAIA shares. Citigroup decreased their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen increased their price objective on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Bank of America downgraded shares of Saia from a "buy" rating to a "neutral" rating and set a $251.00 price objective for the company. in a report on Monday, April 28th. Wells Fargo & Company decreased their target price on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Raymond James set a $310.00 target price on shares of Saia and gave the company an "outperform" rating in a research report on Monday, April 28th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of "Hold" and a consensus target price of $342.58.

Insiders Place Their Bets

In other news, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. This represents a 17.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at $2,143,500. The trade was a 9.69% decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Saia Stock Up 11.7%

SAIA stock traded up $30.53 on Monday, hitting $291.15. 648,450 shares of the company's stock were exchanged, compared to its average volume of 489,992. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The firm has a 50 day moving average price of $330.05 and a two-hundred day moving average price of $436.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a market cap of $7.75 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same quarter last year, the firm earned $3.38 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Saia Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.