ArrowMark Colorado Holdings LLC Has $35.86 Million Stake in Heartland Express, Inc. (NASDAQ:HTLD)

ArrowMark Colorado Holdings LLC reduced its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,919,992 shares of the transportation company’s stock after selling 234,001 shares during the quarter. ArrowMark Colorado Holdings LLC owned 3.72% of Heartland Express worth $35,858,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Burgundy Asset Management Ltd. acquired a new position in Heartland Express during the second quarter valued at $5,584,000. Marshall Wace LLP grew its stake in Heartland Express by 82.5% during the 2nd quarter. Marshall Wace LLP now owns 142,774 shares of the transportation company’s stock valued at $1,760,000 after acquiring an additional 64,522 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Heartland Express in the 2nd quarter valued at about $687,000. Price T Rowe Associates Inc. MD lifted its position in shares of Heartland Express by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,780 shares of the transportation company’s stock worth $368,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Heartland Express by 14.7% during the third quarter. Inspire Investing LLC now owns 37,199 shares of the transportation company’s stock worth $457,000 after purchasing an additional 4,771 shares during the period. Hedge funds and other institutional investors own 53.45% of the company’s stock.

Heartland Express Trading Up 1.7 %

Shares of NASDAQ:HTLD opened at $12.77 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.00 billion, a PE ratio of -44.03 and a beta of 0.71. Heartland Express, Inc. has a 1 year low of $9.63 and a 1 year high of $14.60. The firm has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.98.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data 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 net margin of 2.11% and a negative return on equity of 2.70%. The company had revenue of $259.86 million for the quarter, compared to analyst estimates of $268.35 million. During the same period in the prior year, the company posted ($0.14) EPS. The business’s revenue was down 11.9% on a year-over-year basis. Analysts expect that Heartland Express, Inc. will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Heartland Express from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. UBS Group reduced their price objective on Heartland Express from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.75.

Insider Buying and Selling

In other Heartland Express news, CEO Michael J. Gerdin acquired 63,074 shares of Heartland Express stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $10.95 per share, with a total value of $690,660.30. Following the completion of the transaction, the chief executive officer now owns 1,259,792 shares of the company’s stock, valued at $13,794,722.40. The trade was a 5.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ann S. Gerdin Revocable Trust purchased 49,506 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $12.24 per share, for a total transaction of $605,953.44. Following the completion of the transaction, the insider now directly owns 898,584 shares in the company, valued at approximately $10,998,668.16. The trade was a 5.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 203,750 shares of company stock worth $2,370,418 in the last quarter. 39.60% of the stock is currently owned by company insiders.

Heartland Express 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.