Avantax Advisory Services Inc. Purchases 2,593 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Avantax Advisory Services Inc. boosted its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,603 shares of the transportation company’s stock after buying an additional 2,593 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Marten Transport were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in shares of Marten Transport in the 4th quarter worth approximately $48,000. Wedbush Securities Inc. bought a new stake in Marten Transport in the fourth quarter worth $157,000. Defined Financial Planning LLC purchased a new stake in Marten Transport during the fourth quarter valued at about $173,000. GAMMA Investing LLC grew its stake in shares of Marten Transport by 8,296.7% during the first quarter. GAMMA Investing LLC now owns 12,595 shares of the transportation company’s stock valued at $173,000 after buying an additional 12,445 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Marten Transport in the fourth quarter worth about $181,000. 69.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Marten Transport from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

Marten Transport Stock Performance

Shares of Marten Transport stock opened at $12.11 on Thursday. Marten Transport, Ltd. has a 52-week low of $11.77 and a 52-week high of $18.63. The company’s 50 day moving average price is $13.02 and its 200-day moving average price is $13.68. The stock has a market capitalization of $986.84 million, a price-to-earnings ratio of 46.58 and a beta of 0.98.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Wednesday, July 16th. The transportation company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $229.92 million during the quarter, compared to analysts’ expectations of $231.09 million. Marten Transport had a net margin of 2.27% and a return on equity of 2.72%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. As a group, equities research analysts forecast that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.