Heartland Express (NASDAQ:HTLD) Sets New 1-Year Low - Time to Sell?
Heartland Express (NASDAQ:HTLD) reached a new 52-week low, trading as low as $7.09. Analysts have issued mixed ratings, with some downgrading their price targets. The stock has a consensus rating of "Reduce" and an average target price of $8.75. Institutional investors have adjusted their positions, with some increasing their stakes. The company reported a negative net margin and return on equity in its latest earnings report.
Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $7.09 and last traded at $7.0950, with a volume of 83608 shares trading hands. The stock had previously closed at $7.28.
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Wall Street Analysts Forecast Growth
HTLD has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Heartland Express from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Heartland Express in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of Heartland Express from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 8th. Barclays reduced their price objective on shares of Heartland Express from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, August 6th. Finally, Zacks Research raised Heartland Express from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $8.75.
View Our Latest Stock Analysis on Heartland Express
Heartland Express Stock Down 1.9%
The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day simple moving average of $8.15 and a 200-day simple moving average of $8.43. The firm has a market cap of $553.37 million, a price-to-earnings ratio of -15.55 and a beta of 1.07.
Heartland Express (NASDAQ:HTLD - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The transportation company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $172.43 million for the quarter, compared to analyst estimates of $209.68 million. Heartland Express had a negative net margin of 3.85% and a negative return on equity of 4.42%. As a group, sell-side analysts expect that Heartland Express, Inc. will post 0.17 EPS for the current year.
Institutional Investors Weigh In On Heartland Express
Institutional investors have recently made changes to their positions in the company. Dark Forest Capital Management LP increased its stake in shares of Heartland Express by 53.2% during the third quarter. Dark Forest Capital Management LP now owns 151,102 shares of the transportation company's stock worth $1,266,000 after purchasing an additional 52,494 shares during the period. Verition Fund Management LLC grew its holdings in Heartland Express by 43.8% in the 3rd quarter. Verition Fund Management LLC now owns 104,338 shares of the transportation company's stock valued at $874,000 after buying an additional 31,767 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Heartland Express by 47.6% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 39,391 shares of the transportation company's stock worth $330,000 after buying an additional 12,707 shares during the period. Millennium Management LLC lifted its holdings in shares of Heartland Express by 1,241.6% during the third quarter. Millennium Management LLC now owns 143,260 shares of the transportation company's stock worth $1,201,000 after buying an additional 132,582 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Heartland Express in the third quarter valued at about $477,000. Institutional investors own 53.45% of the company's stock.
Heartland Express Company Profile
(Get Free Report)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.
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