C M Bidwell & Associates Ltd. acquired a new stake in Saia, Inc. (NASDAQ:SAIA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,605 shares of the transportation company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flinton Capital Management LLC grew its stake in Saia by 69.8% in the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 1,020 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Saia by 68.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 1,031 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Saia in the 2nd quarter valued at about $205,000. State of Alaska Department of Revenue grew its stake in Saia by 78.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,022 shares of the transportation company’s stock valued at $257,000 after acquiring an additional 2,212 shares during the last quarter. Finally, Mason Street Advisors LLC grew its stake in Saia by 8.7% in the 1st quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 477 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Saia, Inc. (NASDAQ:SAIA) traded up 0.126% during midday trading on Monday, hitting $59.725. 49,221 shares of the company’s stock traded hands. Saia, Inc. has a 52 week low of $27.96 and a 52 week high of $63.05. The company has a 50 day moving average of $57.83 and a 200-day moving average of $50.62. The company has a market capitalization of $1.51 billion, a PE ratio of 28.979 and a beta of 0.84.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. The firm had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. Saia’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. Equities research analysts predict that Saia, Inc. will post $2.18 earnings per share for the current year.

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A number of brokerages recently commented on SAIA. ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley increased their price objective on shares of Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday. Wolfe Research cut shares of Saia from an “outperform” rating to a “market perform” rating in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price objective on shares of Saia in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.33.

In related news, Director Herbert A. Trucksess III sold 15,000 shares of Saia stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $54.33, for a total value of $814,950.00. Following the transaction, the director now owns 183,442 shares of the company’s stock, valued at approximately $9,966,403.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Maschmeier sold 5,925 shares of Saia stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total value of $315,210.00. Following the completion of the transaction, the insider now directly owns 9,150 shares in the company, valued at approximately $486,780. The disclosure for this sale can be found here. Insiders sold a total of 74,576 shares of company stock worth $4,053,452 in the last three months. 1.50% of the stock is currently owned by company insiders.

Saia Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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