Hub Group, Inc. (NASDAQ:HUBG – Get Rating) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,040,000 shares, an increase of 7.1% from the July 31st total of 971,000 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average trading volume of 201,200 shares, the short-interest ratio is currently 5.2 days.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on HUBG shares. Susquehanna raised their price target on Hub Group from $115.00 to $117.00 and gave the company a “positive” rating in a report on Wednesday, August 10th. Cowen lifted their price target on Hub Group from $109.00 to $119.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Benchmark started coverage on Hub Group in a research report on Thursday, June 16th. They set a “buy” rating and a $90.00 target price for the company. Cowen boosted their price target on Hub Group from $109.00 to $119.00 in a report on Thursday, August 4th. Finally, Morgan Stanley boosted their price objective on shares of Hub Group from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, August 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.44.
Insiders Place Their Bets
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In related news, CEO David P. Yeager bought 141,561 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average cost of $104.99 per share, with a total value of $14,862,489.39. Following the transaction, the chief executive officer now owns 141,561 shares in the company, valued at approximately $14,862,489.39. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Gary Yablon bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was acquired at an average cost of $85.60 per share, with a total value of $428,000.00. Following the completion of the acquisition, the director now owns 7,132 shares of the company’s stock, valued at $610,499.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David P. Yeager purchased 141,561 shares of Hub Group stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of $104.99 per share, with a total value of $14,862,489.39. Following the completion of the purchase, the chief executive officer now directly owns 141,561 shares of the company’s stock, valued at $14,862,489.39. The disclosure for this purchase can be found here. Insiders have bought a total of 174,900 shares of company stock valued at $18,265,801 in the last quarter. Insiders own 3.83% of the company’s stock.
Institutional Investors Weigh In On Hub Group
Several institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its holdings in Hub Group by 58.1% in the second quarter. Quadrant Capital Group LLC now owns 400 shares of the transportation company’s stock worth $28,000 after acquiring an additional 147 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Hub Group by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 21,170 shares of the transportation company’s stock worth $1,502,000 after purchasing an additional 150 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Hub Group by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 3,989 shares of the transportation company’s stock worth $336,000 after purchasing an additional 167 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Hub Group by 1.5% in the fourth quarter. Synovus Financial Corp now owns 11,642 shares of the transportation company’s stock worth $991,000 after purchasing an additional 171 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Hub Group by 4.8% in the fourth quarter. Profund Advisors LLC now owns 3,766 shares of the transportation company’s stock worth $317,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.
Hub Group Stock Down 2.2 %
NASDAQ HUBG traded down $1.81 during trading on Wednesday, hitting $79.80. The company’s stock had a trading volume of 8,003 shares, compared to its average volume of 233,349. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $2.77 billion, a PE ratio of 8.71 and a beta of 0.91. The business’s 50 day simple moving average is $76.39 and its 200-day simple moving average is $74.92. Hub Group has a fifty-two week low of $60.81 and a fifty-two week high of $89.61.
Hub Group Company Profile
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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Read More: Hub Group, Inc. (NASDAQ:HUBG) Sees Significant Increase in Short Interest