Saia, Inc. (NASDAQ:SAIA) Shares Sold by Interval Partners LP

Interval Partners LP cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 51.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 36,417 shares of the transportation company’s stock after selling 38,776 shares during the period. Interval Partners LP owned approximately 0.14% of Saia worth $21,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in Saia during the 4th quarter worth approximately $26,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia in the 4th quarter valued at approximately $32,000. Rise Advisors LLC acquired a new position in shares of Saia in the 1st quarter valued at approximately $40,000. GAMMA Investing LLC acquired a new position in shares of Saia in the 4th quarter valued at approximately $43,000. Finally, National Bank of Canada FI acquired a new position in shares of Saia in the 4th quarter valued at approximately $44,000.

Insider Activity at Saia

In other news, Director John P. Gainor, Jr. bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, with a total value of $203,500.00. Following the completion of the purchase, the director now directly owns 900 shares of the company’s stock, valued at approximately $366,300. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SAIA shares. UBS Group cut their target price on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. The Goldman Sachs Group upped their target price on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Barclays cut their target price on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com lowered Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. dropped their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Saia has an average rating of “Hold” and a consensus price target of $490.18.

Saia Price Performance

SAIA stock traded up $22.40 during trading hours on Tuesday, hitting $408.61. 663,400 shares of the stock traded hands, compared to its average volume of 399,867. The stock has a 50-day simple moving average of $447.70 and a 200 day simple moving average of $492.98. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34. The company has a market cap of $10.86 billion, a P/E ratio of 29.61, a P/E/G ratio of 1.41 and a beta of 1.72. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.26% and a return on equity of 19.14%. The firm had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period in the prior year, the business earned $2.85 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts forecast that Saia, Inc. will post 15.32 earnings per share for the current year.

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.