Maverick Capital Ltd. acquired a new stake in shares of Hub Group Inc (NASDAQ:HUBG) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 42,419 shares of the transportation company’s stock, valued at approximately $1,929,000. Maverick Capital Ltd. owned approximately 0.12% of Hub Group as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HUBG. Great Diamond Partners LLC bought a new position in shares of Hub Group during the fourth quarter valued at approximately $31,000. USA Financial Portformulas Corp bought a new position in shares of Hub Group during the first quarter valued at approximately $47,000. AJO LP bought a new position in shares of Hub Group during the first quarter valued at approximately $54,000. Mutual of America Capital Management LLC boosted its stake in shares of Hub Group by 28.0% during the first quarter. Mutual of America Capital Management LLC now owns 1,516 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 332 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Hub Group by 18.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,459 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Zacks Investment Research downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. Loop Capital downgraded shares of Hub Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $58.00 to $52.00 in a research note on Friday, May 1st. Stephens raised their target price on shares of Hub Group from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley lowered their target price on shares of Hub Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Hub Group presently has an average rating of “Hold” and an average price target of $51.13.
Shares of Hub Group stock traded up $0.01 on Thursday, reaching $49.00. The company had a trading volume of 2,348 shares, compared to its average volume of 240,698. The firm’s 50 day moving average price is $45.28 and its two-hundred day moving average price is $48.73. The firm has a market cap of $1.63 billion, a PE ratio of 16.95 and a beta of 1.11. Hub Group Inc has a 52-week low of $36.51 and a 52-week high of $60.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.49 and a current ratio of 1.49.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.13). The company had revenue of $838.86 million during the quarter, compared to analysts’ expectations of $873.88 million. Hub Group had a net margin of 2.70% and a return on equity of 9.34%. Hub Group’s revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. As a group, sell-side analysts predict that Hub Group Inc will post 1.91 EPS for the current year.
Hub Group Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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