Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 381,100 shares, a decrease of 10.9% from the August 15th total of 427,900 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 211,000 shares, the days-to-cover ratio is currently 1.8 days.
Hub Group Stock Performance
NASDAQ:HUBG traded down $0.21 during mid-day trading on Tuesday, hitting $80.58. The stock had a trading volume of 192,792 shares, compared to its average volume of 225,689. The company’s 50 day simple moving average is $82.59 and its 200 day simple moving average is $80.47. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 9.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.67 and a current ratio of 1.67. Hub Group has a twelve month low of $67.77 and a twelve month high of $104.67.
Hub Group (NASDAQ:HUBG – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.12 billion. Hub Group had a net margin of 5.69% and a return on equity of 17.22%. Hub Group’s quarterly revenue was down 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 EPS. On average, equities research analysts forecast that Hub Group will post 6.15 earnings per share for the current year.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Hub Group
A number of large investors have recently bought and sold shares of HUBG. Raymond James & Associates boosted its stake in shares of Hub Group by 50.5% in the 1st quarter. Raymond James & Associates now owns 25,950 shares of the transportation company’s stock valued at $2,004,000 after purchasing an additional 8,711 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Hub Group by 7.5% during the first quarter. Citigroup Inc. now owns 32,811 shares of the transportation company’s stock valued at $2,533,000 after purchasing an additional 2,276 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Hub Group by 11.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,699 shares of the transportation company’s stock valued at $210,000 after buying an additional 285 shares during the period. MetLife Investment Management LLC raised its holdings in Hub Group by 57.3% in the 1st quarter. MetLife Investment Management LLC now owns 17,693 shares of the transportation company’s stock valued at $1,366,000 after buying an additional 6,444 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Hub Group by 1.1% during the 1st quarter. Rhumbline Advisers now owns 96,497 shares of the transportation company’s stock worth $7,451,000 after acquiring an additional 1,061 shares during the last quarter. 90.85% of the stock is currently owned by institutional investors and hedge funds.
About Hub Group
Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.
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