Miles Capital Inc. Has $237,000 Position in Hub Group, Inc. (HUBG)
Miles Capital Inc. raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 5,105 shares of the transportation company’s stock after buying an additional 13 shares during the period. Miles Capital Inc.’s holdings in Hub Group were worth $237,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Elkfork Partners LLC acquired a new stake in shares of Hub Group during the fourth quarter valued at about $109,000. Quantbot Technologies LP acquired a new stake in shares of Hub Group during the first quarter valued at about $112,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Hub Group during the first quarter valued at about $134,000. State of Alaska Department of Revenue increased its stake in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock valued at $171,000 after buying an additional 60 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Hub Group during the first quarter valued at about $203,000. 94.82% of the stock is currently owned by institutional investors.
Hub Group, Inc. (NASDAQ:HUBG) traded down 0.68% during midday trading on Wednesday, hitting $36.45. 443,679 shares of the company traded hands. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.20 and a beta of 1.42. The stock’s 50-day moving average price is $36.44 and its 200 day moving average price is $43.37. Hub Group, Inc. has a 12-month low of $33.45 and a 12-month high of $52.50.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, April 26th. The transportation company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Hub Group had a net margin of 1.84% and a return on equity of 11.09%. The company had revenue of $893.45 million for the quarter, compared to analysts’ expectations of $891.96 million. During the same quarter last year, the business earned $0.51 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Hub Group, Inc. will post $1.67 EPS for the current year.
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HUBG has been the subject of several research reports. Cowen and Company increased their target price on shares of Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. TheStreet cut shares of Hub Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $44.00 target price (down previously from $51.00) on shares of Hub Group in a research note on Friday, April 14th. Finally, Seaport Global Securities initiated coverage on shares of Hub Group in a research note on Wednesday, February 15th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.83.
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).
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