Company shares last traded at $64.80 a bit higher than $60.36, the 50 day moving average and quite a bit higher than the 200 day moving average of $52.77. The 50 day moving average was up $4.44 or +7.35% and the 200 day average went up $12.03 or +22.81%. Saia, Inc. shares had a trading volume of 207K in the last trading session. Trading volume was up 16.31% over the stocks average daily volume.
Traders are feeling more bearish on the company lately if you take into consideration the uptick in short interest. The firm experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 2.60%. Short shares grew 29,405 over that period. The short-interest ratio decreased to 7.0 and the percentage of shorted shares was 0.05% on October 13.
Here are a few substantial investment firms who have updated their positions. First Trust Advisors Lp downsized its stake by shedding 7,923 shares a decrease of 21.1%. First Trust Advisors Lp controls 29,574 shares valued at $1,853,000. The total value of its holdings decreased 3.7%. As of quarter end Victory Capital Management Inc had disposed of 692,413 shares trimming its position 93.6%. The value of the total investment in Saia, Inc. decreased from $37,955,000 to $2,973,000 decreasing 92.2% for the reporting period.
Raymond James Financial Services Advisors, Inc. augmented its investment by buying 260 shares an increase of 3.6% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. currently owns 7,548 shares worth $473,000. The value of the position overall is up by 26.5%. As of the end of the quarter Aperio Group, LLC had bought a total of 27 shares growing its stake by 0.2%. The value of the investment in SAIA went from $878,000 to $1,073,000 a change of $195,000 since the last quarter.
On October 5 Morgan Stanley held the stock rating at “Equal-Weight” and raised the price target to $34.00 from $31.00.
The most current P/E ratio is 31.44 and market capitalization is 1.64B. As of the last earnings report the EPS was $2.06 and is projected to be $2.16 for the current year with 25,278,000 shares currently outstanding. Next quarter’s EPS is expected be $0.56 with next year’s EPS projected to be $2.75.
Saia, Inc., launched on February 4, 2000, 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..