Hub Group, Inc. (HUBG) Shares Bought by Rhumbline Advisers

Hub Group, Inc. (HUBG) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 4.8% during the third quarter, Holdings Channel reports. The fund owned 49,118 shares of the company’s stock after buying an additional 2,260 shares during the period. Rhumbline Advisers owned about 0.15% of Hub Group worth $2,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nuance Investments LLC boosted its stake in Hub Group by 33.2% in the second quarter. Nuance Investments LLC now owns 561,620 shares of the company’s stock valued at $21,549,000 after buying an additional 139,952 shares during the period. Anchor Capital Advisors LLC boosted its stake in Hub Group by 1.2% in the second quarter. Anchor Capital Advisors LLC now owns 29,511 shares of the company’s stock valued at $1,132,000 after buying an additional 345 shares during the period. Teachers Advisors LLC boosted its stake in Hub Group by 5.6% in the third quarter. Teachers Advisors LLC now owns 404,495 shares of the company’s stock valued at $16,487,000 after buying an additional 21,505 shares during the period. BlackRock Fund Advisors boosted its stake in Hub Group by 5.8% in the third quarter. BlackRock Fund Advisors now owns 2,365,696 shares of the company’s stock valued at $96,426,000 after buying an additional 129,383 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Hub Group by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 45,082 shares of the company’s stock valued at $1,837,000 after buying an additional 642 shares during the period. 94.86% of the stock is owned by hedge funds and other institutional investors.

Hub Group, Inc. (NASDAQ:HUBG) traded up 0.497% during trading on Friday, hitting $45.525. The company’s stock had a trading volume of 46,779 shares. The firm has a market cap of $1.54 billion, a P/E ratio of 19.941 and a beta of 1.21. The firm has a 50 day moving average of $44.34 and a 200 day moving average of $41.48. Hub Group, Inc. has a 12 month low of $29.38 and a 12 month high of $46.15.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $932.81 million for the quarter, compared to analysts’ expectations of $393.30 million. Hub Group had a net margin of 2.27% and a return on equity of 13.12%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Equities research analysts predict that Hub Group, Inc. will post $2.21 earnings per share for the current year.

Several research firms have recently weighed in on HUBG. Zacks Investment Research upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 28th. Barclays PLC restated a “sell” rating and set a $43.00 price target on shares of Hub Group in a report on Tuesday, January 10th. Stifel Nicolaus upgraded Hub Group from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, October 28th. Finally, Susquehanna started coverage on Hub Group in a report on Tuesday, December 20th. They set a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Hub Group currently has an average rating of “Hold” and a consensus price target of $41.00.

Hub Group Company Profile

Hub Group, Inc 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 who enter into contractual arrangements with Mode LLC.

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