Will Hub Group Inc (HUBG) Short Squeeze Soon? The Stock Formed a Bearish Double Bottom

September 17, 2017 - By test

Investors sentiment decreased to 0.78 in 2016 Q4. Its down 0.14, from 0.92 in 2016Q3. It dived, as 26 investors sold Hub Group Inc shares while 65 reduced holdings. 24 funds opened positions while 47 raised stakes. 29.99 million shares or 1.90% less from 30.57 million shares in 2016Q3 were reported.
Rothschild Asset Management Inc has 149,868 shares for 0.08% of their portfolio. Blackrock Advsrs Lc holds 0.02% or 493,750 shares. Franklin Resource reported 0% of its portfolio in Hub Group Inc (NASDAQ:HUBG). Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in Hub Group Inc (NASDAQ:HUBG) for 964 shares. Eaton Vance holds 0.02% or 136,177 shares. Panagora Asset Mngmt accumulated 62,414 shares. Barrow Hanley Mewhinney Strauss holds 113,836 shares. Hightower Advsrs Limited Liability Corp, a Illinois-based fund reported 33,214 shares. Bessemer Grp Incorporated accumulated 35,700 shares. Qs Investors Limited Liability Company reported 0.02% stake. Credit Agricole S A has invested 0% in Hub Group Inc (NASDAQ:HUBG). Strs Ohio invested in 0% or 23,500 shares. Aperio Grp Inc Ltd Liability reported 0% in Hub Group Inc (NASDAQ:HUBG). Victory Incorporated owns 670,088 shares. Parametric Assocs Limited Company accumulated 45,978 shares.

The chart of Hub Group Inc (HUBG) shows a double bottom with $38.32 target or 3.00 % below today’s $39.50 share price. The 9 months chart pattern indicates high risk for the $1.35 billion company. It was reported on Sep, 17 by Finviz.com. If the $38.32 price target is reached, the company will be worth $40.50 million less. Double bottoms are rare but powerful chart patterns.

It closed at $39.5 lastly. It is up 9.31% since September 17, 2016 and is downtrending. It has underperformed by 26.01% the S&P500.

Investors wait Hub Group Inc (NASDAQ:HUBG) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.41 earnings per share, down $0.13 or 24.07 % from last year’s $0.54 same quarter earnings. This translates into $14.01M profit for HUBG giving the stock a 24.09 P/E. This is assuming the current $0.41 EPS is accurate. Hub Group Inc’s Wall Street analysts see 13.89 % EPS growth, taking into account the $0.36 EPS reproted in the previous quarter,

Hub Group Inc (NASDAQ:HUBG) Ratings Coverage

Among 12 analysts covering Hub Group (NASDAQ:HUBG), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Hub Group had 26 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Hub Group Inc (NASDAQ:HUBG) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 30. The firm earned “Buy” rating on Thursday, February 4 by Stifel Nicolaus. The company was downgraded on Tuesday, April 11 by KeyBanc Capital Markets. Zacks upgraded the shares of HUBG in report on Tuesday, August 18 to “Hold” rating. On Tuesday, November 22 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm has “Hold” rating by Cowen & Co given on Monday, August 28. Stifel Nicolaus maintained it with “Buy” rating and $45.0 target in Thursday, September 7 report. Susquehanna initiated the shares of HUBG in report on Tuesday, December 20 with “Positive” rating. As per Friday, July 21, the company rating was maintained by BMO Capital Markets. The rating was upgraded by Stifel Nicolaus on Friday, October 28 to “Buy”.

More news for Hub Group Inc (NASDAQ:HUBG) were recently published by: Nasdaq.com, which released: “Hub Group Ranked #9 in Armstrong & Associates’ List of Top 50 US 3PLs” on August 18, 2017. Prnewswire.com‘s article titled: “Hub Group Deploys the SmartDrive Program” and published on September 06, 2017 is yet another important article.

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