Nuance Investments buys $31,321,472 stake in Heartland Express (HTLD)

Heartland Express (HTLD) : Nuance Investments scooped up 1,483,664 additional shares in Heartland Express during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 1,674,945 shares of Heartland Express which is valued at $31,321,472.Heartland Express makes up approximately 3.25% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in HTLD during the most recent quarter. The investment firm sold 8,135 shares of HTLD which is valued $152,125. Lucus Advisors sold out all of its stake in HTLD during the most recent quarter. The investment firm sold 15,322 shares of HTLD which is valued $276,409.Sprucegrove Investment Management Ltd boosted its stake in HTLD in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 131,473 shares of Heartland Express which is valued at $2,371,773. Heartland Express makes up approx 0.09% of Sprucegrove Investment Management Ltd’s portfolio.

Heartland Express closed down -0.28 points or -1.45% at $19.07 with 3,12,713 shares getting traded on Monday. Post opening the session at $19.35, the shares hit an intraday low of $19.03 and an intraday high of $19.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Heartland Express reported $0.20 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $160.80 million for the quarter, compared to analysts expectations of $167.94 million. The company’s revenue was down -16.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Heartland Express. Heartland Express was Downgraded by Wells Fargo to ” Underperform” on May 9, 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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