C M Bidwell & Associates Ltd. Has $203,000 Position in Marten Transport, Ltd (MRTN)

C M Bidwell & Associates Ltd. lessened its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 37.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,995 shares of the transportation company’s stock after selling 6,080 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Marten Transport were worth $203,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Suntrust Banks Inc. increased its position in shares of Marten Transport by 0.9% in the second quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 123 shares during the period. Green Square Capital LLC increased its position in shares of Marten Transport by 2.9% in the second quarter. Green Square Capital LLC now owns 15,216 shares of the transportation company’s stock valued at $417,000 after acquiring an additional 425 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Marten Transport by 6.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,970 shares of the transportation company’s stock valued at $383,000 after acquiring an additional 810 shares during the period. Teachers Advisors LLC increased its position in shares of Marten Transport by 2.4% in the second quarter. Teachers Advisors LLC now owns 41,588 shares of the transportation company’s stock valued at $1,140,000 after acquiring an additional 981 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Marten Transport by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,559 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 1,147 shares during the period. Hedge funds and other institutional investors own 68.56% of the company’s stock.

Marten Transport, Ltd (NASDAQ MRTN) opened at $23.35 on Monday. Marten Transport, Ltd has a 52-week low of $12.99 and a 52-week high of $29.60. The stock has a market cap of $1,273.35, a PE ratio of 14.24 and a beta of 1.38.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The firm had revenue of $182.70 million for the quarter, compared to analysts’ expectations of $177.55 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts forecast that Marten Transport, Ltd will post 0.84 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Seaport Global Securities upgraded shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 26th. Finally, Stephens restated a “buy” rating and issued a $25.00 price objective on shares of Marten Transport in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.50.

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About Marten Transport

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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