Eisler Capital Management Ltd. Buys Shares of 20,591 Saia, Inc. (NASDAQ:SAIA)

Eisler Capital Management Ltd. acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,591 shares of the transportation company's stock, valued at approximately $9,192,000. Eisler Capital Management Ltd. owned about 0.08% of Saia at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after purchasing an additional 794,197 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares during the last quarter. Norges Bank acquired a new position in Saia in the fourth quarter valued at $64,410,000. Finally, Artemis Investment Management LLP increased its stake in Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after acquiring an additional 105,356 shares during the last quarter.

Insider Activity

In related news, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This represents a 9.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

Saia Price Performance

Shares of NASDAQ SAIA traded up $3.36 during mid-day trading on Wednesday, reaching $288.41. The company had a trading volume of 372,133 shares, compared to its average volume of 495,154. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The stock has a market cap of $7.68 billion, a PE ratio of 21.35, a P/E/G ratio of 2.24 and a beta of 2.03. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $326.05 and a two-hundred day moving average price of $433.83.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Jefferies Financial Group decreased their price objective on shares of Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Stephens lowered shares of Saia from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $515.00 to $255.00 in a research report on Tuesday, April 29th. Citigroup reduced their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Wolfe Research downgraded Saia from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Saia currently has a consensus rating of "Hold" and an average price target of $342.58.

Saia Company 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.