Daseke, Inc. (NASDAQ:DSKE) Holdings Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in shares of Daseke, Inc. (NASDAQ:DSKE) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,137 shares of the company’s stock after selling 4,380 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Daseke were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DSKE. Bank of New York Mellon Corp lifted its position in Daseke by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 211,151 shares of the company’s stock valued at $1,083,000 after purchasing an additional 2,309 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Daseke by 8.6% during the third quarter. Janney Montgomery Scott LLC now owns 44,654 shares of the company’s stock worth $229,000 after buying an additional 3,522 shares during the period. Moors & Cabot Inc. grew its holdings in Daseke by 29.5% in the 3rd quarter. Moors & Cabot Inc. now owns 21,063 shares of the company’s stock worth $108,000 after buying an additional 4,797 shares in the last quarter. LSV Asset Management increased its position in Daseke by 5.0% in the 3rd quarter. LSV Asset Management now owns 126,926 shares of the company’s stock valued at $651,000 after acquiring an additional 6,000 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Daseke by 1,200.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock valued at $33,000 after acquiring an additional 6,000 shares during the period. 71.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TheStreet raised Daseke from a “d+” rating to a “c-” rating in a research note on Wednesday, January 10th.

Daseke Stock Down 0.1 %

DSKE stock opened at $8.29 on Friday. The firm’s 50-day moving average is $8.27 and its two-hundred day moving average is $6.83. The company has a market capitalization of $391.29 million, a price-to-earnings ratio of -14.05 and a beta of 2.00. Daseke, Inc. has a 52 week low of $4.06 and a 52 week high of $8.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 14.52.

Daseke (NASDAQ:DSKE) last announced its earnings results on Thursday, March 7th. The company reported ($0.63) EPS for the quarter. The firm had revenue of $360.00 million for the quarter, compared to the consensus estimate of $347.00 million. Daseke had a negative return on equity of 30.76% and a negative net margin of 1.13%.

About Daseke

Daseke, Inc provides transportation and logistics solutions in the United States, Canada, and Mexico. It operates in two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, industrial and hazardous waste, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.