Brant Point Investment Management LLC cut its holdings in shares of Saia Inc (NASDAQ:SAIA) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,983 shares of the transportation company’s stock after selling 20,617 shares during the quarter. Brant Point Investment Management LLC’s holdings in Saia were worth $3,324,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SAIA. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Saia by 72.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 685 shares during the period. Bessemer Group Inc. raised its holdings in Saia by 75.0% during the fourth quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 900 shares during the period. SG Americas Securities LLC bought a new stake in Saia during the third quarter valued at about $179,000. Advisor Partners LLC bought a new stake in Saia during the fourth quarter valued at about $210,000. Finally, Amalgamated Bank bought a new stake in Saia during the third quarter valued at about $215,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Saia Inc (SAIA) opened at $72.65 on Thursday. Saia Inc has a twelve month low of $41.28 and a twelve month high of $80.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $1,889.79, a PE ratio of 20.82 and a beta of 0.85.
In other Saia news, Director Bjorn E. Olsson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total transaction of $220,530.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Maschmeier sold 8,177 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $73.96, for a total value of $604,770.92. Following the sale, the insider now directly owns 3,678 shares in the company, valued at $272,024.88. The disclosure for this sale can be found here. Insiders sold 86,109 shares of company stock worth $6,365,332 over the last ninety days. Insiders own 1.50% of the company’s stock.
SAIA has been the topic of several research reports. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 2nd. BidaskClub raised Saia from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Seaport Global Securities reaffirmed a “buy” rating on shares of Saia in a report on Tuesday, December 5th. ValuEngine cut Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Stephens reaffirmed a “neutral” rating on shares of Saia in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Saia has a consensus rating of “Hold” and an average target price of $67.75.
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Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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