Diametric Capital LP Has $372,000 Stock Holdings in Forward Air Co. (NASDAQ:FWRD)

Diametric Capital LP trimmed its holdings in shares of Forward Air Co. (NASDAQ:FWRD) by 53.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,546 shares of the transportation company’s stock after selling 13,235 shares during the quarter. Diametric Capital LP’s holdings in Forward Air were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Anthracite Investment Company Inc. bought a new stake in shares of Forward Air during the fourth quarter worth $2,258,000. Fox Run Management L.L.C. bought a new stake in shares of Forward Air in the fourth quarter valued at about $300,000. KLP Kapitalforvaltning AS acquired a new position in shares of Forward Air during the fourth quarter worth about $235,000. American Century Companies Inc. bought a new position in shares of Forward Air during the fourth quarter worth about $317,000. Finally, Quantbot Technologies LP raised its position in Forward Air by 66.0% in the 4th quarter. Quantbot Technologies LP now owns 38,114 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 15,158 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Forward Air Price Performance

NASDAQ:FWRD opened at $19.59 on Wednesday. Forward Air Co. has a 12-month low of $11.21 and a 12-month high of $40.92. The firm has a market capitalization of $595.59 million, a price-to-earnings ratio of -0.82 and a beta of 1.08. The stock’s 50 day moving average price is $26.15 and its two-hundred day moving average price is $31.68. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 5.07.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FWRD shares. Benchmark reaffirmed a “hold” rating on shares of Forward Air in a research report on Tuesday, January 7th. Stifel Nicolaus increased their target price on shares of Forward Air from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna lowered their price target on shares of Forward Air from $35.00 to $32.00 and set a “positive” rating on the stock in a research note on Monday. Finally, Robert W. Baird dropped their target price on Forward Air from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Forward Air has an average rating of “Hold” and an average price target of $35.75.

Forward Air Profile

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.