Investigation Overview
An investigation on behalf of investors of Heartland Express, Inc. (NASDAQ: HTLD) shares over potential securities laws violations by Heartland Express, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Heartland Express, Inc. (NASDAQ: HTLD) concerning whether a series of statements by Heartland Express, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
North Liberty, IA based Heartland Express, Inc., through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. Heartland Express, Inc. reported that its annual Total Revenue declined from $612.93 million in 2016 to $607.33 million in 2017 and that its Net Income decreased from $56.38 million in 2016 to $75.17 million in 2017. Shares of Heartland Express, Inc. (NASDAQ: HTLD) declined from $24.09 per share in October 217 to as low as $18.97 per share on March 13, 2018.