Hub Group, Inc. (HUBG) Short Interest Up 38.5% in August
Hub Group, Inc. (NASDAQ:HUBG) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 779,588 shares, an increase of 38.5% from the July 31st total of 562,865 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 378,915 shares, the days-to-cover ratio is currently 2.1 days.
HUBG has been the topic of a number of analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $42.00 price target on shares of Hub Group in a research note on Friday, May 19th. J P Morgan Chase & Co initiated coverage on Hub Group in a research note on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price target on the stock. Stifel Nicolaus raised Hub Group from a “hold” rating to a “buy” rating and increased their price target for the company from $44.00 to $45.00 in a research note on Tuesday, May 30th. Cowen and Company increased their price target on Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Finally, BidaskClub raised Hub Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.83.
Hub Group (NASDAQ:HUBG) opened at 37.85 on Monday. The firm has a market cap of $1.29 billion, a P/E ratio of 22.54 and a beta of 1.40. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The stock has a 50 day moving average price of $36.77 and a 200-day moving average price of $40.66.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same period last year, the business earned $0.61 EPS. Hub Group’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Hub Group will post $1.48 EPS for the current year.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Hub Group by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 453,814 shares of the transportation company’s stock valued at $21,056,000 after buying an additional 5,340 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Hub Group during the first quarter valued at approximately $501,000. Algert Global LLC bought a new stake in Hub Group during the first quarter valued at approximately $290,000. First Trust Advisors LP boosted its stake in Hub Group by 48.0% in the first quarter. First Trust Advisors LP now owns 46,023 shares of the transportation company’s stock valued at $2,135,000 after buying an additional 14,918 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Hub Group by 15.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 33,447 shares of the transportation company’s stock valued at $1,552,000 after buying an additional 4,559 shares in the last quarter. 93.67% of the stock is owned by hedge funds and other institutional investors.
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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