Saia, Inc. (NASDAQ:SAIA) Stake Cut by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lowered its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,119 shares of the transportation company's stock after selling 6,681 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Saia were worth $2,789,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SAIA. Interval Partners LP bought a new stake in Saia during the fourth quarter valued at $89,229,000. Driehaus Capital Management LLC raised its stake in Saia by 9.0% during the fourth quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock worth $34,511,000 after acquiring an additional 6,274 shares during the period. Highview Capital Management LLC DE bought a new position in Saia in the fourth quarter worth about $1,324,000. Y Intercept Hong Kong Ltd acquired a new position in Saia in the fourth quarter valued at approximately $3,363,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after purchasing an additional 4,972 shares during the last quarter.

Saia Trading Down 3.2%

Shares of NASDAQ SAIA traded down $8.83 during mid-day trading on Wednesday, hitting $268.75. 408,512 shares of the company traded hands, compared to its average volume of 644,388. 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 1 year low of $229.12 and a 1 year high of $624.55. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.24 and a beta of 2.03. The business has a 50 day moving average of $317.78 and a two-hundred day moving average of $426.86.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.38 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of recent research reports. Stephens cut Saia from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. StockNews.com upgraded shares of Saia to a "sell" rating in a research report on Tuesday, May 13th. Cowen restated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, The Goldman Sachs Group lowered their target price on Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $345.16.

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.