Company shares last traded at $43.30 just a bit higher than the 50 day moving average of $40.87 and which is quite a bit higher than the 200 day moving average of $38.14. The 50 day moving average went up $2.43 or +5.95% and the 200 day average was up $5.16. Trading was light with 411K shares changing hands in the last trading session. Volume was down 3.40% under the stocks average daily volume.
Investors are more bearish recently if you look at the uptick in short interest. The stock saw a rise in short interest of 3.72% as of October 13, 2017 from the last reporting period. Short shares grew from 811,536 to 841,761 over that period. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares is 0.03% as of October 13.
A few notable investment firms have updated their holdings. Nationwide Fund Advisors expanded its stake by buying 25,387 shares an increase of 55.9% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors now holds 70,767 shares worth $3,039,000. The value of the position overall is up by 74.7%. Peregrine Capital Management LLC bolstered its holdings by buying 13,719 shares an increase of 3.5% as of 09/30/2017. Peregrine Capital Management LLC claims 403,550 shares valued at $17,332,000. The total value of its holdings increased 15.9%.
As of the end of the quarter Parkside Financial Bank & Trust had acquired a total of 4 shares growing its stake by 19.0%. The value of the company’s investment in Hub Group, Inc. went from $1,000 to $1,000 decreasing 0.0% quarter to quarter. As of quarter end Simplex Trading, LLC had sold 888 shares trimming its holdings by 82.9%. The value in dollars decreased from $41,000 to $7,000 a change of $34,000 since the last quarter.
July 27 investment analysts at Barclays maintained a stock rating of “Underweight” but lowered the price target to $38.00 from $43.00. On October 2 Barclays held the company rating at “Underweight” and raised the price expectation from $38.00 to $40.00.
On October 4, 2017 Loop Capital started covering the stock by announcing an initial rating of “Hold”. October 12 investment analysts at JP Morgan kept the company rating at “Neutral” but moved up the price target to $48.00 from $37.00.
Equity analyst Buckingham began coverage of HUBG giving it an initial rating of “Neutral”. October 27 investment analysts at BMO Capital made no change to the company rating of “Market Perform” but raised the price expectation to $44.00 from $42.00.
The company currently has a P/E ratio of 25.79 and market capitalization is 1.48B. As of the latest earnings report the EPS was $1.68 and is estimated to be $1.53 for the current year with 34,133,000 shares presently outstanding. Next quarter’s EPS is expected be $0.39 with next year’s EPS projected to be $2.09.
Hub Group, Inc., launched on March 8, 1995, is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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). The Mode segment also operates a temperature protected services division. The Hub segment provides intermodal, truck brokerage and logistics services through a network of operating centers throughout the United States, Canada and Mexico. The Hub segment services customers in a range of industries, including consumer products, retail and durable goods. It operates through a network of operating centers and independent business owners. The Company also provides drayage services with its own drayage operations, which it operates through its subsidiary, Hub Group Trucking, Inc. (Hub Group Trucking). The Company arranges freight movement for its customers through transportation carriers and equipment providers..