Inspire Advisors LLC Increases Stock Position in Heartland Express, Inc. (NASDAQ:HTLD)

Inspire Advisors LLC grew its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 11.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,310 shares of the transportation company’s stock after buying an additional 1,770 shares during the period. Inspire Advisors LLC’s holdings in Heartland Express were worth $194,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HTLD. Weiss Asset Management LP purchased a new stake in shares of Heartland Express during the 3rd quarter valued at $6,634,000. Empowered Funds LLC lifted its holdings in shares of Heartland Express by 35.2% during the 4th quarter. Empowered Funds LLC now owns 346,271 shares of the transportation company’s stock valued at $3,885,000 after acquiring an additional 90,100 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Heartland Express by 159.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,153 shares of the transportation company’s stock valued at $1,561,000 after acquiring an additional 78,237 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Heartland Express by 175.5% during the 3rd quarter. Jane Street Group LLC now owns 104,085 shares of the transportation company’s stock valued at $1,278,000 after acquiring an additional 66,311 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Heartland Express by 326.4% during the 3rd quarter. Barclays PLC now owns 83,848 shares of the transportation company’s stock valued at $1,029,000 after acquiring an additional 64,185 shares in the last quarter. 53.45% of the stock is owned by hedge funds and other institutional investors.

Heartland Express Stock Performance

NASDAQ:HTLD opened at $9.38 on Thursday. Heartland Express, Inc. has a twelve month low of $9.26 and a twelve month high of $13.67. The company has a current ratio of 1.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $736.80 million, a price-to-earnings ratio of -25.35 and a beta of 0.80. The firm’s fifty day simple moving average is $10.97 and its 200 day simple moving average is $11.55.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) EPS for the quarter, topping 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%. As a group, equities research analysts expect that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays lifted 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.