Two Sigma Advisers LP lowered its position in Hub Group Inc (NASDAQ:HUBG) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,596 shares of the transportation company’s stock after selling 11,700 shares during the period. Two Sigma Advisers LP owned about 0.32% of Hub Group worth $5,250,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fieldpoint Private Securities LLC bought a new stake in Hub Group during the third quarter valued at about $100,000. Zions Bancorporation bought a new stake in Hub Group during the third quarter valued at about $143,000. CIBC Asset Management Inc bought a new stake in Hub Group during the fourth quarter valued at about $205,000. Aperio Group LLC bought a new stake in Hub Group during the fourth quarter valued at about $217,000. Finally, Amalgamated Bank bought a new stake in Hub Group during the fourth quarter valued at about $226,000. 92.87% of the stock is owned by institutional investors.
NASDAQ HUBG opened at $41.85 on Friday. The stock has a market capitalization of $1,438.80, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.20 and a beta of 1.43. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.26 and a quick ratio of 1.26. Hub Group Inc has a twelve month low of $33.17 and a twelve month high of $52.25.
A number of research firms have recently weighed in on HUBG. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, January 16th. BidaskClub raised Hub Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Morgan Stanley upped their price objective on Hub Group from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 13th. Loop Capital upped their price objective on Hub Group to $52.00 and gave the stock a “hold” rating in a research note on Monday, February 12th. Finally, Robert W. Baird raised Hub Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $45.00 to $55.00 in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Hub Group presently has an average rating of “Hold” and a consensus target price of $48.38.
Hub Group 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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