Brant Point Investment Management LLC Has $6.24 Million Stock Holdings in Saia, Inc. $SAIA

Brant Point Investment Management LLC cut its position in shares of Saia, Inc. (NASDAQ:SAIA) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,868 shares of the transportation company’s stock after selling 94 shares during the period. Saia accounts for 0.7% of Brant Point Investment Management LLC’s portfolio, making the stock its 14th largest holding. Brant Point Investment Management LLC owned 0.07% of Saia worth $6,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SAIA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Saia during the 4th quarter worth about $908,000. Boothbay Fund Management LLC grew its stake in Saia by 33.5% in the 4th quarter. Boothbay Fund Management LLC now owns 1,927 shares of the transportation company’s stock valued at $878,000 after buying an additional 484 shares during the last quarter. Northern Trust Corp grew its stake in Saia by 26.9% in the 4th quarter. Northern Trust Corp now owns 232,233 shares of the transportation company’s stock valued at $105,836,000 after buying an additional 49,183 shares during the last quarter. Comerica Bank grew its stake in Saia by 9.8% in the 4th quarter. Comerica Bank now owns 68,590 shares of the transportation company’s stock valued at $31,258,000 after buying an additional 6,125 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Saia by 11.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 536 shares of the transportation company’s stock valued at $244,000 after buying an additional 55 shares during the last quarter.

Saia Stock Performance

Shares of Saia stock opened at $302.79 on Thursday. The company has a 50 day moving average of $294.87 and a 200-day moving average of $319.72. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a market cap of $8.07 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 14.19 and a beta of 1.99.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. During the same quarter in the prior year, the firm posted $3.83 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of research reports. Benchmark upped their price target on shares of Saia from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the company a “buy” rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Saia to a “sell” rating in a research note on Tuesday, May 13th. Bank of America upped their price target on shares of Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Saia from a “buy” rating to a “hold” rating and set a $273.00 price target on the stock. in a research note on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $347.16.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.