Wealthtrust Axiom Lowers stake in Student Transportation Inc (STB)

Student Transportation Inc (STB) : Wealthtrust Axiom reduced its stake in Student Transportation Inc by 0.66% during the most recent quarter end. The investment management company now holds a total of 900,777 shares of Student Transportation Inc which is valued at $4,702,056 after selling 6,030 shares in Student Transportation Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Student Transportation Inc makes up approximately 1.77% of Wealthtrust Axiom’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc added STB to its portfolio by purchasing 312 company shares during the most recent quarter which is valued at $1,629. Cutler Group Lp added STB to its portfolio by purchasing 402 company shares during the most recent quarter which is valued at $2,119.Creative Planning reduced its stake in STB by selling 500 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of STB which is valued at $10,540.

Student Transportation Inc opened for trading at $5.27 and hit $5.3 on the upside on Friday, eventually ending the session at $5.27, with a gain of 0.76% or 0.04 points. The heightened volatility saw the trading volume jump to 93,651 shares. Company has a market cap of $510 M.

On the company’s financial health, Student Transportation Inc reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.03. The company had revenue of $173.20 million for the quarter, compared to analysts expectations of $167.40 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Student Transportation Inc. Student Transportation Inc was Initiated by Barrington Research to “Outperform” on Jul 21, 2016.

Student Transportation Inc. (STI) is North America’s provider of student transportation solutions operating nearly 13000 vehicles. STI’s family of local companies delivers transportation management logistics and technology solutions to a range of customers throughout the United States and Canada. Services are delivered by drivers dispatchers maintenance technicians terminal managers information technology professionals and others who are caring members of their local communities.

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