Luminus Management LLC Invests $1 Million in Hub Group Inc (HUBG)
Luminus Management LLC purchased a new position in shares of Hub Group Inc (NASDAQ:HUBG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,920 shares of the transportation company’s stock, valued at approximately $1,002,000.
Several other large investors have also modified their holdings of HUBG. Fieldpoint Private Securities LLC bought a new position in Hub Group during the 3rd quarter worth approximately $100,000. Zions Bancorporation bought a new position in Hub Group during the 3rd quarter worth approximately $143,000. Public Employees Retirement System of Ohio boosted its stake in Hub Group by 12.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares during the last quarter. CIBC Asset Management Inc bought a new position in Hub Group during the 4th quarter worth approximately $205,000. Finally, Aperio Group LLC bought a new position in Hub Group during the 4th quarter worth approximately $217,000. Institutional investors own 93.63% of the company’s stock.
Hub Group Inc (NASDAQ HUBG) opened at $45.00 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.29. Hub Group Inc has a one year low of $33.17 and a one year high of $52.25. The firm has a market cap of $1,540.22, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43.
Several research analysts recently weighed in on HUBG shares. Stephens reissued an “overweight” rating and set a $57.00 price objective (up previously from $50.00) on shares of Hub Group in a research note on Thursday, December 14th. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, January 16th. Morgan Stanley lifted their price objective on shares of Hub Group from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 13th. Robert W. Baird raised shares of Hub Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $45.00 to $55.00 in a research note on Tuesday, December 19th. Finally, Barclays reissued a “sell” rating and set a $45.00 price objective on shares of Hub Group in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.38.
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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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