Seven Eight Capital LP Makes New $588,000 Investment in Saia, Inc. (NASDAQ:SAIA)

Seven Eight Capital LP bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,005 shares of the transportation company’s stock, valued at approximately $588,000.

A number of other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in Saia by 5.7% during the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after buying an additional 21 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Saia by 13.3% in the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after purchasing an additional 26 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock worth $1,742,000 after purchasing an additional 30 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of Saia by 11.1% in the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock worth $140,000 after purchasing an additional 32 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Saia by 1.0% in the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock worth $1,532,000 after purchasing an additional 33 shares during the last quarter.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent research reports. TD Cowen raised their price target on Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday, June 6th. UBS Group cut their price target on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Evercore ISI lifted their target price on Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. BMO Capital Markets lifted their target price on Saia from $490.00 to $500.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Finally, Susquehanna cut their target price on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $502.18.

Insider Transactions at Saia

In other Saia news, Director John P. Gainor, Jr. bought 500 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, with a total value of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at approximately $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by insiders.

Saia Price Performance

Shares of NASDAQ SAIA traded up $0.27 during mid-day trading on Wednesday, reaching $482.56. The company had a trading volume of 549,032 shares, compared to its average volume of 373,268. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.83 billion, a PE ratio of 35.80, a P/E/G ratio of 1.75 and a beta of 1.72. The company has a 50-day moving average price of $444.34 and a two-hundred day moving average price of $493.03. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $2.85 EPS. On average, equities analysts anticipate that Saia, Inc. will post 15.32 earnings per share for the current year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.