Heartland Express (NASDAQ:HTLD) Sets New 52-Week Low – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Heartland Express Stock Performance

The stock has a market capitalization of $754.08 million, a price-to-earnings ratio of -25.95 and a beta of 0.80. 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 stock has a 50-day moving average of $11.00 and a 200 day moving average of $11.57.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts expect that Heartland Express, Inc. will post 0.17 EPS for the current year.

Institutional Trading of Heartland Express

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in shares of Heartland Express in the 4th quarter valued at $42,000. R Squared Ltd bought a new stake in Heartland Express in the fourth quarter valued at about $75,000. Meeder Asset Management Inc. bought a new stake in Heartland Express in the fourth quarter valued at about $79,000. KLP Kapitalforvaltning AS acquired a new position in Heartland Express in the fourth quarter valued at about $105,000. Finally, Intech Investment Management LLC bought a new position in Heartland Express during the third quarter worth about $124,000. Institutional investors and hedge funds own 53.45% of the company’s stock.

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.