Eisler Capital Management Ltd. Grows Stock Position in Saia, Inc. $SAIA

Key Points

• Eisler Capital Management Ltd. increased its stake in Saia, Inc. by 19.8% during the first quarter, owning approximately 0.09% of the company valued at $8.6 million.
• Saia reported a $2.67 EPS for their latest quarter, exceeding the consensus estimate by $0.28, despite a 0.7% revenue decline compared to the previous year.
• Analysts have varying ratings on Saia, with a consensus target price now at $347.16 and recent upgrades from multiple firms, including Goldman Sachs raising their target from $387 to $410.

Eisler Capital Management Ltd. increased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,659 shares of the transportation company's stock after buying an additional 4,068 shares during the quarter. Eisler Capital Management Ltd. owned about 0.09% of Saia worth $8,617,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position in shares of Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after buying an additional 47 shares during the period. NBC Securities Inc. purchased a new stake in shares of Saia during the 1st quarter valued at approximately $43,000. Group One Trading LLC raised its position in shares of Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock valued at $111,000 after buying an additional 1,934 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Saia during the 1st quarter valued at approximately $135,000. Finally, Fullcircle Wealth LLC purchased a new stake in shares of Saia during the 4th quarter valued at approximately $213,000.

Saia Stock Performance

NASDAQ:SAIA opened at $307.78 on Wednesday. The company has a fifty day simple moving average of $294.02 and a two-hundred day simple moving average of $319.84. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 14.23 and a beta of 1.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.39 by $0.28. The business had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.83 earnings per share. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SAIA shares. Benchmark lifted their target price on shares of Saia from $325.00 to $360.00 and gave the company a "buy" rating in a report on Monday, July 28th. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and lifted their target price for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Bank of America lifted their target price on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a report on Thursday, May 1st. Finally, Susquehanna lifted their target price on shares of Saia from $275.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus target price of $347.16.

About Saia

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.

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