Hudson Bay Capital Management LP Buys 173,706 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Hudson Bay Capital Management LP lifted its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1,433.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,828 shares of the transportation company's stock after acquiring an additional 173,706 shares during the period. Hudson Bay Capital Management LP owned approximately 0.30% of Hub Group worth $8,280,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dana Investment Advisors Inc. increased its holdings in Hub Group by 1.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after purchasing an additional 252 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Hub Group by 0.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock valued at $1,405,000 after buying an additional 260 shares during the period. Summit Investment Advisors Inc. raised its holdings in Hub Group by 4.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after buying an additional 287 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after buying an additional 310 shares during the period. Finally, Highland Capital Management LLC grew its holdings in Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock worth $242,000 after acquiring an additional 338 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on HUBG shares. Stifel Nicolaus boosted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective on the stock. Barclays decreased their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Benchmark dropped their price target on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $43.68.

Hub Group Stock Up 0.8%

NASDAQ HUBG traded up $0.27 on Thursday, hitting $35.74. 466,711 shares of the company were exchanged, compared to its average volume of 530,500. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.20 billion, a PE ratio of 21.02 and a beta of 1.13. The stock has a fifty day moving average of $34.60 and a 200-day moving average of $41.83. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The firm's revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. As a group, analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.40%. Hub Group's payout ratio is 29.41%.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.