PharVision Advisers LLC purchased a new stake in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,339 shares of the transportation company's stock, valued at approximately $335,000.
Several other institutional investors and hedge funds also recently modified their holdings of HTLD. Nuveen LLC acquired a new stake in shares of Heartland Express in the first quarter valued at $6,389,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Heartland Express during the first quarter valued at $5,396,000. Two Sigma Advisers LP lifted its position in shares of Heartland Express by 55.6% in the fourth quarter. Two Sigma Advisers LP now owns 560,300 shares of the transportation company's stock worth $6,287,000 after purchasing an additional 200,100 shares in the last quarter. Gate City Capital Management LLC increased its stake in shares of Heartland Express by 45.8% in the fourth quarter. Gate City Capital Management LLC now owns 590,893 shares of the transportation company's stock worth $6,630,000 after acquiring an additional 185,718 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new stake in shares of Heartland Express during the 1st quarter worth about $1,537,000. Institutional investors own 53.45% of the company's stock.
Insider Buying and Selling at Heartland Express
In related news, CEO Michael J. Gerdin purchased 24,798 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $8.19 per share, with a total value of $203,095.62. Following the transaction, the chief executive officer owned 1,491,868 shares of the company's stock, valued at $12,218,398.92. This represents a 1.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 30,000 shares of company stock valued at $245,752. Corporate insiders own 40.70% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Robert W. Baird cut their price target on Heartland Express from $9.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, July 28th. Barclays dropped their target price on Heartland Express from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, August 6th. Baird R W upgraded Heartland Express to a "hold" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley dropped their target price on shares of Heartland Express from $12.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, August 4th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $9.70.
Read Our Latest Stock Analysis on Heartland Express
Heartland Express Stock Performance
NASDAQ:HTLD traded up $0.06 during mid-day trading on Tuesday, hitting $8.69. 569,871 shares of the stock were exchanged, compared to its average volume of 670,827. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $672.69 million, a price-to-earnings ratio of -18.89 and a beta of 1.09. The firm's 50-day simple moving average is $8.46 and its 200 day simple moving average is $8.74. Heartland Express, Inc. has a fifty-two week low of $7.11 and a fifty-two week high of $12.85.
Heartland Express (NASDAQ:HTLD - Get Free Report) last released its earnings results on Thursday, July 24th. The transportation company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Heartland Express had a negative return on equity of 4.42% and a negative net margin of 3.85%.The business had revenue of $210.39 million for the quarter, compared to the consensus estimate of $229.12 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm's revenue for the quarter was down 23.4% on a year-over-year basis. As a group, equities analysts anticipate that Heartland Express, Inc. will post 0.17 EPS for the current fiscal year.
About Heartland Express
(
Free Report)
Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.
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