Noteworthy Price Action: What’s Next for Heartland Express, Inc. After Making 52-Week High?

Noteworthy Price Action: What's Next for Heartland Express, Inc. After Making 52 Week High?

The stock of Heartland Express, Inc. (NASDAQ:HTLD) hit a new 52-week high and has $27.41 target or 29.00% above today’s $21.25 share price. The 6 months bullish chart indicates low risk for the $1.80 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $27.41 price target is reached, the company will be worth $522.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 917,964 shares traded hands or 83.41% up from the average. Heartland Express, Inc. (NASDAQ:HTLD) has risen 18.66% since April 11, 2016 and is uptrending. It has outperformed by 12.51% the S&P500.

Heartland Express, Inc. (NASDAQ:HTLD) Ratings Coverage

Out of 9 analysts covering Heartland Express (NASDAQ:HTLD), 0 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 0 are positive. Heartland Express has been the topic of 16 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Wednesday, October 28. The rating was downgraded by RBC Capital Markets to “Underperform” on Thursday, January 7. The stock of Heartland Express, Inc. (NASDAQ:HTLD) has “Neutral” rating given on Friday, December 4 by Longbow. Barclays Capital maintained Heartland Express, Inc. (NASDAQ:HTLD) on Monday, October 5 with “Underweight” rating. The company was downgraded on Friday, October 21 by Stephens. The firm has “Underperform” rating by Wells Fargo given on Monday, May 9. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Thursday, April 7. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Underweight”. As per Wednesday, October 28, the company rating was downgraded by Wolfe Research. On Wednesday, April 6 the stock rating was maintained by Barclays Capital with “Underweight”.

According to Zacks Investment Research, “Heartland Express, Inc. is a short-to-medium haul truckload carrier based near Iowa City, Iowa. The Company provides nationwide transportation service to major shippers, using late-model tractors and a uniform fleet of 53-foot aluminum plate dry vans.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.30, from 1.25 in 2016Q1. The ratio dived, as 11 funds sold all Heartland Express, Inc. shares owned while 50 reduced positions. 14 funds bought stakes while 44 increased positions. They now own 46.49 million shares or 4.89% less from 48.88 million shares in 2016Q1.
Moreover, Ls Advsrs Llc has 0% invested in Heartland Express, Inc. (NASDAQ:HTLD) for 2,136 shares. Moreover, Citigroup has 0% invested in Heartland Express, Inc. (NASDAQ:HTLD) for 33,003 shares. Jennison Assoc Limited Liability owns 800,105 shares or 0.02% of their US portfolio. Tru Communications Of Vermont last reported 0% of its portfolio in the stock. Horizon Kinetics Ltd Co owns 24,665 shares or 0.01% of their US portfolio. The Iowa-based Hills Bancshares & Tru Communication has invested 0.13% in Heartland Express, Inc. (NASDAQ:HTLD). Sprucegrove Ltd has 0.09% invested in the company for 131,473 shares. Walleye Trading Limited Liability Company last reported 14,432 shares in the company. Creative Planning accumulated 2,023 shares or 0% of the stock. Teachers Retirement Systems Of The State Of Kentucky holds 19,700 shares or 0% of its portfolio. Macquarie Grp Ltd has invested 0% of its portfolio in Heartland Express, Inc. (NASDAQ:HTLD). Pub Employees Retirement Association Of Colorado has 0% invested in the company for 12,767 shares. Ngam Advisors Limited Partnership holds 15,972 shares or 0% of its portfolio. Millennium Mgmt Limited Liability holds 34,160 shares or 0% of its portfolio. Blackrock Limited Liability Company last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 2 sales for $1.78 million net activity. COSAERT JOHN P sold $79,394 worth of stock. On Tuesday, June 14 the insider Gordon Larry J. sold $1.70M.

More news for Heartland Express, Inc. (NASDAQ:HTLD) were recently published by: Globenewswire.com, which released: “Heartland Express, Inc. Announces Participation in Upcoming Conference” on November 02, 2016. Nasdaq.com‘s article titled: “Heartland Express, Inc. Reports Revenues and Earnings for the Third Quarter of …” and published on October 20, 2016 is yet another important article.

HTLD Company Profile

Heartland Express, Inc. (Heartland), incorporated on August 8, 1986, is a holding company. The Firm 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 Firm provides nationwide transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada. It offers primarily asset transportation services in the dry van truckload market and offers temperature-controlled transportation services and non-asset based freight brokerage services.

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