Universal Logistics Holdings Inc (ULH) Short Interest Up 22.5% in March
Universal Logistics Holdings Inc (NYSE:ULH) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 75,439 shares, an increase of 22.5% from the March 15th total of 61,595 shares. Based on an average daily trading volume, of 15,113 shares, the short-interest ratio is currently 5.0 days.
Several hedge funds have recently made changes to their positions in the company. Analytic Investors LLC purchased a new stake in shares of Universal Logistics Holdings during the third quarter worth about $155,000. GSA Capital Partners LLP increased its stake in shares of Universal Logistics Holdings by 14.2% in the fourth quarter. GSA Capital Partners LLP now owns 25,348 shares of the transportation company’s stock worth $414,000 after buying an additional 3,147 shares in the last quarter. State Street Corp increased its stake in shares of Universal Logistics Holdings by 2.0% in the fourth quarter. State Street Corp now owns 114,921 shares of the transportation company’s stock worth $1,882,000 after buying an additional 2,225 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Universal Logistics Holdings during the third quarter worth about $3,804,000. Finally, Grandeur Peak Global Advisors LLC purchased a new stake in shares of Universal Logistics Holdings during the third quarter worth about $4,954,000.
Universal Logistics Holdings (NYSE:ULH) traded up 1.62% during mid-day trading on Tuesday, reaching $12.55. The company’s stock had a trading volume of 14,675 shares. The firm has a market capitalization of $356.95 million and a price-to-earnings ratio of 14.76. The company’s 50-day moving average price is $13.54 and its 200 day moving average price is $13.96. Universal Logistics Holdings has a 52 week low of $11.09 and a 52 week high of $17.70.
Universal Logistics Holdings (NYSE:ULH) last announced its quarterly earnings results on Thursday, February 23rd. The transportation company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $264.05 million for the quarter, compared to analyst estimates of $264.60 million. Universal Logistics Holdings’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. On average, equities analysts forecast that Universal Logistics Holdings will post $0.80 earnings per share for the current fiscal year.
A number of analysts have weighed in on ULH shares. Zacks Investment Research upgraded Universal Logistics Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, December 29th. Stifel Nicolaus lowered Universal Logistics Holdings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $17.00 in a report on Thursday, January 5th. Finally, Barclays PLC lowered Universal Logistics Holdings from an “overweight” rating to an “equal weight” rating in a report on Monday, January 23rd.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at http://www.dailypolitical.com/2017/04/18/universal-logistics-holdings-inc-ulh-short-interest-up-22-5-in-march.html.
Universal Logistics Holdings Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment. The Company’s operations aggregated in the transportation segment are associated with individual freight shipments coordinated by its agents, company-managed terminals and specialized services operations.
Receive News & Ratings for Universal Logistics Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Logistics Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.