GSA Capital Partners LLP Sells 3,749 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

GSA Capital Partners LLP lessened its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 89,926 shares of the transportation company’s stock after selling 3,749 shares during the quarter. GSA Capital Partners LLP’s holdings in Heartland Express were worth $1,104,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HTLD. Nisa Investment Advisors LLC raised its position in shares of Heartland Express by 64.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,565 shares of the transportation company’s stock worth $32,000 after acquiring an additional 1,007 shares in the last quarter. CWM LLC raised its holdings in Heartland Express by 266.3% in the second quarter. CWM LLC now owns 2,729 shares of the transportation company’s stock worth $34,000 after purchasing an additional 1,984 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Heartland Express during the first quarter valued at about $62,000. Hsbc Holdings PLC bought a new stake in shares of Heartland Express in the 2nd quarter valued at about $166,000. Finally, Inspire Advisors LLC grew its position in shares of Heartland Express by 11.8% in the 2nd quarter. Inspire Advisors LLC now owns 16,447 shares of the transportation company’s stock worth $203,000 after buying an additional 1,732 shares during the last quarter. Hedge funds and other institutional investors own 53.45% of the company’s stock.

Analyst Upgrades and Downgrades

HTLD has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Heartland Express from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays upped their target price on Heartland Express from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, StockNews.com upgraded Heartland Express from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Heartland Express currently has a consensus rating of “Hold” and a consensus price target of $11.75.

Insider Activity

In other Heartland Express news, CEO Michael J. Gerdin bought 63,074 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $10.95 per share, for a total transaction of $690,660.30. Following the completion of the transaction, the chief executive officer now directly owns 1,259,792 shares of the company’s stock, valued at approximately $13,794,722.40. This trade represents a 5.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 154,244 shares of company stock valued at $1,764,464 in the last ninety days. Insiders own 39.60% of the company’s stock.

Heartland Express Stock Performance

Shares of HTLD opened at $12.42 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 1.17. The stock has a 50-day moving average of $11.75 and a two-hundred day moving average of $11.85. The stock has a market cap of $974.97 million, a P/E ratio of -42.83 and a beta of 0.71. Heartland Express, Inc. has a one year low of $9.63 and a one year high of $14.60.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Heartland Express had a negative return on equity of 2.70% and a negative net margin of 2.11%. The firm had revenue of $259.86 million for the quarter, compared to analyst estimates of $268.35 million. During the same period last year, the firm earned ($0.14) EPS. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, research analysts predict that Heartland Express, Inc. will post -0.38 EPS for the current year.

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.