Y Intercept Hong Kong Ltd Takes $288,000 Position in Heartland Express, Inc. (NASDAQ:HTLD)

Y Intercept Hong Kong Ltd acquired a new stake in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,633 shares of the transportation company's stock, valued at approximately $288,000.

Several other large investors also recently modified their holdings of HTLD. R Squared Ltd bought a new position in Heartland Express during the fourth quarter worth about $75,000. Intech Investment Management LLC bought a new position in Heartland Express during the third quarter worth about $124,000. Ieq Capital LLC bought a new position in Heartland Express during the fourth quarter worth about $148,000. Allspring Global Investments Holdings LLC bought a new position in Heartland Express during the fourth quarter worth about $171,000. Finally, Paloma Partners Management Co bought a new position in Heartland Express during the third quarter worth about $202,000. 53.45% of the stock is owned by institutional investors.

Heartland Express Price Performance

Shares of HTLD traded down $0.10 during mid-day trading on Friday, reaching $10.04. The company had a trading volume of 325,927 shares, compared to its average volume of 376,806. The company's 50 day simple moving average is $11.03 and its 200 day simple moving average is $11.60. Heartland Express, Inc. has a 1-year low of $9.63 and a 1-year high of $13.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. The company has a market capitalization of $788.64 million, a price-to-earnings ratio of -27.13 and a beta of 0.80.

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Heartland Express (NASDAQ:HTLD - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. Heartland Express had a negative net margin of 2.84% and a negative return on equity of 3.57%. Analysts expect that Heartland Express, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Separately, Barclays raised their target price on shares of Heartland Express from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Wednesday, November 13th.

About Heartland Express

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.