Shayne Lowers stake in Heartland Express (HTLD)

Heartland Express (HTLD) : Shayne reduced its stake in Heartland Express by 0.14% during the most recent quarter end. The investment management company now holds a total of 475,724 shares of Heartland Express which is valued at $8,615,362 after selling 644 shares in Heartland Express , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Heartland Express makes up approximately 7.33% of Shayne’s portfolio.

Heartland Express opened for trading at $18.08 and hit $18.34 on the upside on Monday, eventually ending the session at $18.26, with a gain of 0.83% or 0.15 points. The heightened volatility saw the trading volume jump to 5,73,904 shares. Company has a market cap of $1,521 M.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in HTLD by selling 500 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 26,200 shares of HTLD which is valued at $474,482. Heartland Express makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio. Metlife Securities Inc added HTLD to its portfolio by purchasing 21 company shares during the most recent quarter which is valued at $365.Horizon Kinetics reduced its stake in HTLD by selling 8,571 shares or 24.71% in the most recent quarter. The Hedge Fund company now holds 26,113 shares of HTLD which is valued at $460,372. Heartland Express makes up approx 0.01% of Horizon Kinetics’s portfolio.

On the company’s financial health, Heartland Express reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.16. The company had revenue of $162.80 million for the quarter, compared to analysts expectations of $175.65 million. The company’s revenue was down -13.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Heartland Express. Heartland Express was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 7, 2016. Shares were Reiterated by Barclays on Apr 6, 2016 to “Underweight” and Lowered the Price Target to $ 15 from a previous price target of $17 .Heartland Express was Initiated by JP Morgan to “Underweight” on Feb 29, 2016.

Heartland Express Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa Gordon Trucking Inc. (GTI) Heartland Express Services Inc. Heartland Express Maintenance Services Inc. and A & M Express Inc. The Company together with its subsidiaries is a short-to-medium haul truckload carrier of general commodities. The Company provides transportation services across the United States and parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and also offers truckload temperature-controlled transportation services and non-asset based brokerage services. It provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The Company operates around 21 terminal facilities throughout the United States.

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