WINTON GROUP Ltd acquired a new position in shares of Saia Inc (NASDAQ:SAIA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,206 shares of the transportation company’s stock, valued at approximately $207,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cortina Asset Management LLC boosted its holdings in Saia by 18.3% during the second quarter. Cortina Asset Management LLC now owns 126,556 shares of the transportation company’s stock worth $8,184,000 after buying an additional 19,593 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in Saia during the first quarter worth $2,298,000. AlphaCrest Capital Management LLC purchased a new stake in Saia during the first quarter worth $348,000. Wells Fargo & Company MN boosted its holdings in Saia by 13.1% during the first quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock worth $54,928,000 after buying an additional 103,973 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in Saia by 14.4% during the first quarter. GHP Investment Advisors Inc. now owns 18,531 shares of the transportation company’s stock worth $1,132,000 after buying an additional 2,330 shares in the last quarter.
SAIA traded up $1.82 during midday trading on Friday, hitting $77.10. 292,448 shares of the company traded hands, compared to its average volume of 205,541. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.14. The stock has a market cap of $1.95 billion, a P/E ratio of 19.32 and a beta of 1.13. Saia Inc has a 52-week low of $52.04 and a 52-week high of $83.75. The stock’s 50 day moving average price is $64.96.
A number of analysts recently issued reports on the stock. ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a report on Thursday. Wolfe Research raised shares of Saia from a “market perform” rating to an “outperform” rating in a report on Thursday, April 11th. KeyCorp increased their price target on shares of Saia from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday. Stephens raised shares of Saia from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $96.00 in a report on Thursday. Finally, Deutsche Bank set a $80.00 price objective on shares of Saia and gave the company a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.00.
In other Saia news, VP Paul C. Peck sold 1,265 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total transaction of $86,020.00. Following the transaction, the vice president now directly owns 1,128 shares of the company’s stock, valued at $76,704. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
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