Saia (SAIA) Traded Lower Following Weak Quarterly Results

Wasatch Global Investors, an asset management company, released its “Wasatch Core Growth Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund was down 5.57% in the quarter, outperforming the benchmark, the Russell 2000 Growth Index was up 11.97% return. Small-cap stocks ended the quarter with gains, amid volatility. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Wasatch Core Growth Fund highlighted stocks such as Saia, Inc. (NASDAQ:SAIA). Saia, Inc. (NASDAQ:SAIA) is a North America-based transportation company. The one-month return of Saia, Inc. (NASDAQ:SAIA) was -0.76%, and its shares lost 29.92% of their value over the last 52 weeks. On September 02, 2025, Saia, Inc. (NASDAQ:SAIA) stock closed at $292.47 per share, with a market capitalization of $7.79 billion.

Wasatch Core Growth Fund stated the following regarding Saia, Inc. (NASDAQ:SAIA) in its second quarter 2025 investor letter:

“Saia, Inc. (NASDAQ:SAIA) also detracted. Saia is a trucking company focused on the high margin “less than a full truckload” (LTL) space. Investments the company made in logistics and operations have enabled it to take market share in recent years, and the stock price had benefited. But the stock dropped significantly in late April after Saia announced surprisingly weak quarterly results, citing weather-related disruptions and weaker-than-expected March shipments. Investors look to the results of LTL companies as an early signal of the health of the broader trucking industry. We spoke with management following the earnings announcement and remain confident in the company’s ability to continue to outgrow weaker competitors.”

Is Saia, Inc. (SAIA) the Best Freight Stock to Buy According to Hedge Funds?

Saia, Inc. (NASDAQ:SAIA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Saia, Inc. (NASDAQ:SAIA) at the end of the second quarter, which was 35 in the previous quarter. In the second quarter of 2025, Saia, Inc. (NASDAQ:SAIA) announced revenue of $817 million, marking a 0.7% decrease compared to the same quarter last year. While we acknowledge the risk and potential Saia, Inc. (NASDAQ:SAIA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Saia, Inc. (NASDAQ:SAIA) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Saia, Inc. (NASDAQ:SAIA) and shared Artisan Mid Cap Fund’s views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.