Mason Street Advisors LLC purchased a new position in Saia Inc. (NASDAQ:SAIA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,890 shares of the company’s stock, valued at approximately $123,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of Saia by 2.1% in the second quarter. Swiss National Bank now owns 42,900 shares of the company’s stock worth $1,079,000 after buying an additional 900 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Saia by 2.4% in the second quarter. Frontier Capital Management Co. LLC now owns 872,682 shares of the company’s stock worth $21,939,000 after buying an additional 20,262 shares during the last quarter. HL Financial Services LLC increased its stake in shares of Saia by 12.8% in the second quarter. HL Financial Services LLC now owns 57,446 shares of the company’s stock worth $1,444,000 after buying an additional 6,541 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Saia during the second quarter worth approximately $137,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Saia by 99.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,349 shares of the company’s stock worth $210,000 after buying an additional 4,159 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Saia Inc. (NASDAQ:SAIA) opened at 29.03 on Monday. The stock’s 50 day moving average is $29.99 and its 200-day moving average is $27.80. Saia Inc. has a 52-week low of $18.28 and a 52-week high of $33.96. The firm has a market capitalization of $726.82 million, a P/E ratio of 15.79 and a beta of 0.96.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. Saia had a net margin of 3.90% and a return on equity of 10.61%. The business had revenue of $312 million for the quarter, compared to the consensus estimate of $309.75 million. During the same period in the prior year, the company earned $0.75 EPS. Saia’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts forecast that Saia Inc. will post $1.85 earnings per share for the current fiscal year.
A number of brokerages recently commented on SAIA. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Saia from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 5th. Cowen and Company raised their price objective on shares of Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, August 1st. Finally, TheStreet upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.40.
In related news, VP Mark H. Robinson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $28.55, for a total transaction of $71,375.00. Following the completion of the sale, the vice president now owns 16,602 shares of the company’s stock, valued at approximately $473,987.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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