Capstone Asset Management Co. Reduces Stake in Hub Group, Inc. (NASDAQ:HUBG)

Capstone Asset Management Co. lowered its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,883 shares of the transportation company’s stock after selling 160 shares during the period. Capstone Asset Management Co.’s holdings in Hub Group were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Hub Group by 472.7% in the first quarter. HighTower Advisors LLC now owns 190,203 shares of the transportation company’s stock valued at $8,823,000 after buying an additional 156,989 shares during the period. AQR Capital Management LLC raised its stake in shares of Hub Group by 14.6% in the first quarter. AQR Capital Management LLC now owns 26,947 shares of the transportation company’s stock valued at $1,251,000 after buying an additional 3,427 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Hub Group during the first quarter valued at about $1,166,000. Bank of America Corp DE raised its stake in shares of Hub Group by 5.5% in the first quarter. Bank of America Corp DE now owns 243,363 shares of the transportation company’s stock valued at $11,293,000 after buying an additional 12,600 shares during the period. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in shares of Hub Group during the first quarter valued at about $2,784,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

Shares of Hub Group, Inc. (NASDAQ:HUBG) opened at 36.10 on Friday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.50 and a beta of 1.40. The firm’s 50-day moving average is $36.99 and its 200-day moving average is $41.00. Hub Group, Inc. has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate that Hub Group, Inc. will post $1.48 EPS for the current fiscal year.

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HUBG has been the topic of several research analyst reports. Cowen and Company restated a “market perform” rating and issued a $41.00 price objective (down from $44.00) on shares of Hub Group in a report on Thursday, April 27th. TheStreet lowered shares of Hub Group from a “b” rating to a “c+” rating in a report on Friday, April 28th. BMO Capital Markets restated a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a report on Friday, May 19th. J P Morgan Chase & Co initiated coverage on shares of Hub Group in a report on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price objective on the stock. Finally, Stifel Nicolaus upgraded shares of Hub Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $45.00 in a report on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Hub Group presently has a consensus rating of “Hold” and a consensus price target of $40.83.

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).

Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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