Anchor Capital Advisors LLC lowered its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 28,326 shares of the transportation company’s stock after selling 15 shares during the period. Anchor Capital Advisors LLC owned about 0.08% of Hub Group worth $1,086,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HUBG. Norges Bank purchased a new stake in Hub Group during the fourth quarter valued at $22,949,000. Teachers Advisors LLC boosted its stake in Hub Group by 12.2% in the fourth quarter. Teachers Advisors LLC now owns 454,004 shares of the transportation company’s stock valued at $19,863,000 after buying an additional 49,509 shares during the last quarter. Foundry Partners LLC boosted its stake in Hub Group by 6.9% in the first quarter. Foundry Partners LLC now owns 75,943 shares of the transportation company’s stock valued at $3,524,000 after buying an additional 4,928 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Hub Group by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock valued at $631,000 after buying an additional 300 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in 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 during the last quarter. 94.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hub Group, Inc. (NASDAQ HUBG) opened at 34.15 on Monday. The stock has a 50 day moving average price of $37.87 and a 200-day moving average price of $41.86. The company has a market capitalization of $1.17 billion, a PE ratio of 20.34 and a beta of 1.40. Hub Group, Inc. has a 12 month low of $33.17 and a 12 month high of $52.50.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The business had revenue of $924.50 million for the quarter, compared to the consensus estimate of $930.59 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. Hub Group’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that Hub Group, Inc. will post $1.49 EPS for the current year.

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Several analysts have weighed in on HUBG shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $44.00 price objective (down from $51.00) on shares of Hub Group in a research report on Friday, April 14th. Zacks Investment Research cut Hub Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price objective (down from $44.00) on shares of Hub Group in a research report on Thursday, April 27th. TheStreet cut Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.83.

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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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