Cubist Systematic Strategies LLC Lowers Stake in Hub Group Inc (HUBG)

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Cubist Systematic Strategies LLC decreased its holdings in shares of Hub Group Inc (NASDAQ:HUBG) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,949 shares of the transportation company’s stock after selling 4,331 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.06% of Hub Group worth $993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc acquired a new stake in shares of Hub Group during the second quarter worth about $216,000. Victory Capital Management Inc. boosted its stake in shares of Hub Group by 47.3% during the first quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock worth $229,000 after buying an additional 1,759 shares during the period. Amalgamated Bank acquired a new stake in shares of Hub Group during the second quarter worth about $256,000. Sawtooth Solutions LLC purchased a new position in Hub Group during the second quarter worth about $262,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Hub Group during the first quarter worth about $299,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

In other Hub Group news, Director Charles R. Reaves sold 2,500 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the completion of the transaction, the director now directly owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.75% of the company’s stock.

Hub Group stock traded up $0.73 during mid-day trading on Friday, reaching $43.32. The company had a trading volume of 365,480 shares, compared to its average volume of 304,896. Hub Group Inc has a 1 year low of $37.90 and a 1 year high of $56.60. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.57 billion, a PE ratio of 22.68 and a beta of 1.53.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.18. Hub Group had a net margin of 3.42% and a return on equity of 10.32%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. On average, sell-side analysts forecast that Hub Group Inc will post 2.77 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Hub Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, August 6th. ValuEngine cut shares of Hub Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen reissued a “hold” rating and set a $53.00 price target on shares of Hub Group in a report on Thursday, August 2nd. Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub cut shares of Hub Group from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Hub Group has a consensus rating of “Hold” and an average target price of $53.69.

Hub Group Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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