Heartland Express (NASDAQ:HTLD) Hits New 1-Year Low – Here’s What Happened

Heartland Express, Inc. (NASDAQ:HTLD) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $9.60 and last traded at $9.60, with a volume of 523246 shares trading hands. The stock had previously closed at $9.90.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price on shares of Heartland Express from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th.

Heartland Express Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.17. The firm has a market cap of $754.08 million, a P/E ratio of -25.95 and a beta of 0.80. The stock’s 50 day moving average is $11.00 and its two-hundred day moving average is $11.57.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. As a group, equities analysts predict that Heartland Express, Inc. will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of Heartland Express in the 4th quarter worth about $42,000. R Squared Ltd bought a new stake in Heartland Express during the fourth quarter worth about $75,000. Meeder Asset Management Inc. acquired a new stake in shares of Heartland Express during the fourth quarter worth approximately $79,000. KLP Kapitalforvaltning AS bought a new position in shares of Heartland Express in the fourth quarter valued at approximately $105,000. Finally, Intech Investment Management LLC acquired a new position in shares of Heartland Express in the 3rd quarter worth approximately $124,000. 53.45% of the stock is owned by institutional investors.

Heartland Express Company 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.