Fox Run Management L.L.C. Has $986,000 Stock Holdings in Saia, Inc. $SAIA

Key Points

• Fox Run Management L.L.C. increased its holdings in Saia, Inc. by 418.0% in Q1, bringing its total shares to 2,823 which are valued at $986,000.
• Various large investors have also significantly increased their stakes in Saia, with Golden State Wealth Management LLC expanding holdings by 127.0% in the same quarter.
• Saia reported $2.67 earnings per share for Q2, exceeding estimates, but revenue declined year-over-year by 0.7% to $817.12 million.

Fox Run Management L.L.C. increased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 418.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,823 shares of the transportation company's stock after buying an additional 2,278 shares during the quarter. Fox Run Management L.L.C.'s holdings in Saia were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SAIA. Balyasny Asset Management L.P. raised its position in shares of Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after buying an additional 371,232 shares during the period. Select Equity Group L.P. purchased a new position in shares of Saia in the 4th quarter worth $137,199,000. Interval Partners LP purchased a new position in shares of Saia in the 4th quarter worth $89,229,000. Ameriprise Financial Inc. raised its position in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after buying an additional 153,896 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Saia by 41,888.8% in the 1st quarter. GAMMA Investing LLC now owns 154,099 shares of the transportation company's stock worth $53,847,000 after buying an additional 153,732 shares during the period.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $14.2950 during mid-day trading on Wednesday, hitting $293.5850. The company had a trading volume of 263,025 shares, compared to its average volume of 649,207. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The business's 50-day simple moving average is $289.61 and its 200-day simple moving average is $326.27. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The firm has a market cap of $7.82 billion, a P/E ratio of 27.16, a PEG ratio of 13.64 and a beta of 1.99.

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

Analysts Set New Price Targets

A number of research firms recently commented on SAIA. Jefferies Financial Group set a $335.00 price target on Saia and gave the stock a "buy" rating in a research note on Tuesday, June 10th. UBS Group dropped their price target on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Stephens lifted their price objective on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Citigroup restated a "buy" rating and set a $393.00 price target (up from $350.00) on shares of Saia in a report on Monday, July 28th. Finally, Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $347.16.

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.