Nasdaq issued a Staff Delisting Determination against Hub Group on September 16 after the company failed to meet an extended filing deadline, following an extensive restatement of prior periods that delayed its 2025 annual report and 2026 quarterly reports. Management expects a first-half operating loss before one-time charges, driven by higher fuel, rail, and drayage costs along with restatement advisory fees. The company reported estimated first-half consolidated operating revenue between $1.70 billion and $1.80 billion and guided full-year sales to a range of $3.6 billion to $3.8 billion, supported by roughly $132 million in cash and cash equivalents and projected capital expenditures of $40 million to $50 million. Hedge fund interest rose to 30 funds holding stakes in the second quarter from 23 in the prior period, with Broad Bay Capital the largest holder at 1.57 million shares and Moore Global Investments raising its position by 141% to over 1 million shares, while short interest stands at 8.29% of the public float. Asked during the September 16 lightning round of Mad Money whether the stock is a buy, Jim Cramer said the trucking sector faces rough going until oil calms down, pointing to weak numbers from J.B. Hunt.
Hub Group Inc
JB Hunt Transport Services Inc
Harbin Electric
Salesforce.com Inc
Oracle Corporation