Universal Logistics Holdings Inc (NASDAQ:ULH) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 130,200 shares, a growth of 123.7% from the May 30th total of 58,200 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 59,300 shares, the short-interest ratio is currently 2.2 days.
Shares of NASDAQ ULH traded down $0.62 during mid-day trading on Thursday, hitting $20.97. 48,524 shares of the company’s stock traded hands, compared to its average volume of 55,648. The business has a 50-day moving average of $20.70. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $604.75 million, a P/E ratio of 10.08 and a beta of 2.13. Universal Logistics has a 1 year low of $17.40 and a 1 year high of $37.67.
Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The firm had revenue of $377.41 million for the quarter. Universal Logistics had a net margin of 3.93% and a return on equity of 31.70%.
ULH has been the subject of several research reports. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Loop Capital dropped their price objective on shares of Western Digital to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Finally, ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Universal Logistics currently has a consensus rating of “Hold” and an average price target of $32.25.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Universal Logistics by 57,566.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock valued at $34,000 after buying an additional 1,727 shares in the last quarter. Globeflex Capital L P raised its position in Universal Logistics by 16.6% in the 1st quarter. Globeflex Capital L P now owns 8,394 shares of the transportation company’s stock worth $165,000 after purchasing an additional 1,194 shares during the period. Rhumbline Advisers raised its position in Universal Logistics by 42.0% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the transportation company’s stock worth $217,000 after purchasing an additional 3,551 shares during the period. Victory Capital Management Inc. purchased a new stake in Universal Logistics in the 1st quarter worth about $253,000. Finally, First Trust Advisors LP raised its position in Universal Logistics by 20.5% in the 4th quarter. First Trust Advisors LP now owns 15,075 shares of the transportation company’s stock worth $273,000 after purchasing an additional 2,568 shares during the period. Hedge funds and other institutional investors own 28.03% of the company’s stock.
Universal Logistics Company Profile
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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