Trexquant Investment LP Has $534,000 Stock Holdings in Heartland Express, Inc. $HTLD

Trexquant Investment LP lessened its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 61.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,918 shares of the transportation company’s stock after selling 92,491 shares during the period. Trexquant Investment LP owned approximately 0.07% of Heartland Express worth $534,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Heartland Express by 173.8% during the first quarter. Parallel Advisors LLC now owns 2,719 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 1,726 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Heartland Express by 1,261.6% during the first quarter. Exchange Traded Concepts LLC now owns 12,472 shares of the transportation company’s stock worth $115,000 after purchasing an additional 11,556 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Heartland Express during the first quarter worth $117,000. Headlands Technologies LLC raised its holdings in shares of Heartland Express by 243.6% during the first quarter. Headlands Technologies LLC now owns 12,987 shares of the transportation company’s stock worth $120,000 after acquiring an additional 9,207 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Heartland Express by 44.4% during the first quarter. New York State Common Retirement Fund now owns 13,858 shares of the transportation company’s stock worth $128,000 after acquiring an additional 4,263 shares during the period. 53.45% of the stock is owned by institutional investors.

Heartland Express Stock Up 0.2%

Heartland Express stock opened at $8.63 on Tuesday. Heartland Express, Inc. has a 1-year low of $7.11 and a 1-year high of $12.85. The firm has a market capitalization of $668.03 million, a price-to-earnings ratio of -18.76 and a beta of 1.09. The firm’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $8.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Thursday, July 24th. The transportation company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $210.39 million during the quarter, compared to analysts’ expectations of $229.12 million. Heartland Express had a negative net margin of 3.85% and a negative return on equity of 4.42%. The business’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, equities research analysts predict that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HTLD has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Heartland Express from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Robert W. Baird cut their price objective on shares of Heartland Express from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Monday, July 28th. Baird R W raised shares of Heartland Express to a “hold” rating in a report on Tuesday, July 1st. Finally, Barclays cut their price target on shares of Heartland Express from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $9.70.

Insider Transactions at Heartland Express

In related news, CEO Michael J. Gerdin acquired 24,798 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $8.19 per share, for a total transaction of $203,095.62. Following the completion of the acquisition, the chief executive officer owned 1,491,868 shares of the company’s stock, valued at approximately $12,218,398.92. This represents a 1.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 30,000 shares of company stock worth $245,752 in the last three months. Company insiders own 40.70% of the company’s stock.

Heartland Express Company Profile

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.