GAMMA Investing LLC Boosts Stake in Saia, Inc. (NASDAQ:SAIA)

GAMMA Investing LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 41,888.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,099 shares of the transportation company's stock after acquiring an additional 153,732 shares during the period. GAMMA Investing LLC owned about 0.58% of Saia worth $53,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIA. Blue Trust Inc. raised its stake in shares of Saia by 64.6% during the fourth quarter. Blue Trust Inc. now owns 469 shares of the transportation company's stock valued at $205,000 after acquiring an additional 184 shares in the last quarter. KBC Group NV raised its stake in shares of Saia by 47.7% during the fourth quarter. KBC Group NV now owns 1,093 shares of the transportation company's stock valued at $498,000 after acquiring an additional 353 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Saia by 813.5% during the fourth quarter. DAVENPORT & Co LLC now owns 29,946 shares of the transportation company's stock valued at $13,647,000 after acquiring an additional 26,668 shares in the last quarter. Greenleaf Trust raised its stake in shares of Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock valued at $279,000 after acquiring an additional 37 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Saia by 8.0% during the fourth quarter. Jennison Associates LLC now owns 127,896 shares of the transportation company's stock valued at $58,286,000 after acquiring an additional 9,435 shares in the last quarter.

Saia Price Performance

Shares of SAIA stock traded down $2.91 during mid-day trading on Wednesday, hitting $265.08. 678,382 shares of the stock were exchanged, compared to its average volume of 498,540. The firm has a fifty day moving average of $298.46 and a 200 day moving average of $408.28. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The company has a market cap of $7.06 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) 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 firm had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same period in the previous year, the company earned $3.38 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. Research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of recent research reports. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research note on Monday, April 28th. Jefferies Financial Group reduced 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. Evercore ISI reduced their price objective on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Citigroup boosted their price objective on shares of Saia from $288.00 to $317.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Wolfe Research downgraded shares of Saia from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Hold" and a consensus target price of $340.16.

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.