Landscape Capital Management L.L.C. lowered its position in shares of Hub Group Inc (NASDAQ:HUBG) by 33.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,684 shares of the transportation company’s stock after selling 2,316 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Hub Group were worth $224,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HUBG. 1060 Capital LLC acquired a new position in shares of Hub Group during the third quarter valued at approximately $32,074,000. Bank of New York Mellon Corp raised its holdings in shares of Hub Group by 97.9% during the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock valued at $55,074,000 after acquiring an additional 634,448 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Hub Group during the third quarter valued at approximately $15,654,000. Citadel Advisors LLC raised its holdings in shares of Hub Group by 256.9% during the third quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock valued at $20,913,000 after acquiring an additional 350,468 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new position in shares of Hub Group during the fourth quarter valued at approximately $14,668,000. 93.63% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on HUBG. BidaskClub raised Hub Group from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, January 16th. Loop Capital upped their price target on Hub Group to $52.00 and gave the company a “hold” rating in a research report on Monday, February 12th. Stephens restated an “overweight” rating and issued a $57.00 price target (up from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. Finally, Morgan Stanley upped their price target on Hub Group from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.38.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.52 by $0.22. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. equities research analysts predict that Hub Group Inc will post 2.33 EPS for the current year.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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