2 weeks Ago By ABMN Staff
Luxor Capital Group LP purchased a new stake in Forward Air Co. ( NASDAQ:FWRD – Free Report ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 73,224 shares of the transportation company’s stock, valued at approximately $1,394,000.
Forward Air accounts for 0.1% of Luxor Capital Group LP’s investment portfolio, making the stock its 21st largest position. Luxor Capital Group LP owned 0.
28% of Forward Air at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently bought and sold shares of FWRD. Gladius Capital Management LP grew its position in shares of Forward Air by 33.
5% during the 2nd quarter. Gladius Capital Management LP now owns 1,964 shares of the transportation company’s stock worth $37,000 after buying an additional 493 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Forward Air by 3.
9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the transportation company’s stock worth $303,000 after acquiring an additional 600 shares in the last quarter. UMB Bank n.
a. increased its position in Forward Air by 413.5% during the 1st quarter.
UMB Bank n.a. now owns 837 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 674 shares during the period.
Headlands Technologies LLC raised its holdings in shares of Forward Air by 98.5% in the 1st quarter. Headlands Technologies LLC now owns 1,634 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 811 shares in the last quarter.
Finally, EntryPoint Capital LLC lifted its position in shares of Forward Air by 36.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,220 shares of the transportation company’s stock worth $100,000 after purchasing an additional 856 shares during the period.
Institutional investors own 97.03% of the company’s stock. Forward Air Price Performance NASDAQ FWRD opened at $35.
52 on Friday. Forward Air Co. has a 12-month low of $11.
21 and a 12-month high of $79.51. The firm’s fifty day simple moving average is $29.
98 and its two-hundred day simple moving average is $24.76. The company has a current ratio of 1.
33, a quick ratio of 1.33 and a debt-to-equity ratio of 4.70.
The firm has a market capitalization of $983.90 million, a P/E ratio of 10.39 and a beta of 1.
02. Analysts Set New Price Targets Several equities analysts recently issued reports on FWRD shares. Robert W.
Baird lifted their price objective on shares of Forward Air from $17.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 8th.
Benchmark reiterated a “hold” rating on shares of Forward Air in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.
00. Check Out Our Latest Report on Forward Air Forward Air Profile ( Free Report ) Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal.
The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. Featured Articles Want to see what other hedge funds are holding FWRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forward Air Co.
( NASDAQ:FWRD – Free Report ). Receive News & Ratings for Forward Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forward Air and related companies with MarketBeat.com's FREE daily email newsletter .
.
