Laurion Capital Management LP Purchases New Position in Heartland Express, Inc. (HTLD)

Laurion Capital Management LP purchased a new position in Heartland Express, Inc. (NASDAQ:HTLD) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 33,493 shares of the transportation company’s stock, valued at approximately $646,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Heartland Express by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 385,777 shares of the transportation company’s stock worth $7,060,000 after buying an additional 2,103 shares during the period. Investment Counselors of Maryland LLC increased its position in Heartland Express by 1.5% during the 4th quarter. Investment Counselors of Maryland LLC now owns 1,154,178 shares of the transportation company’s stock valued at $21,121,000 after purchasing an additional 16,793 shares during the period. Two Sigma Advisers LP increased its position in Heartland Express by 9.5% during the 4th quarter. Two Sigma Advisers LP now owns 142,806 shares of the transportation company’s stock valued at $2,613,000 after purchasing an additional 12,400 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Heartland Express during the 4th quarter valued at about $331,000. Finally, Rhumbline Advisers increased its position in Heartland Express by 20.8% during the 4th quarter. Rhumbline Advisers now owns 135,089 shares of the transportation company’s stock valued at $2,472,000 after purchasing an additional 23,293 shares during the period. 57.31% of the stock is currently owned by institutional investors.

Shares of Heartland Express stock opened at $18.92 on Friday. Heartland Express, Inc. has a 52-week low of $17.00 and a 52-week high of $21.66. The company has a market capitalization of $1.55 billion, a PE ratio of 21.50, a PEG ratio of 1.35 and a beta of 0.75.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Heartland Express had a net margin of 12.91% and a return on equity of 12.64%. The firm had revenue of $139.54 million for the quarter, compared to the consensus estimate of $147.43 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. As a group, research analysts forecast that Heartland Express, Inc. will post 0.97 earnings per share for the current year.

In other news, VP Kent Daryl Rigdon sold 1,538 shares of Heartland Express stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $20.09, for a total value of $30,898.42. Following the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $22,661.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by insiders.

A number of research analysts have commented on the stock. Stephens set a $22.00 target price on shares of Heartland Express and gave the company a “hold” rating in a research report on Monday, April 22nd. Zacks Investment Research downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, BidaskClub downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

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Heartland Express Profile

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.

Further Reading: Call Option Volume

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Institutional Ownership by Quarter for Heartland Express (NASDAQ:HTLD)

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