12th Street Asset Management Company LLC Buys New Holdings in USA Truck, Inc. (USAK)
12th Street Asset Management Company LLC bought a new position in USA Truck, Inc. (NASDAQ:USAK) during the 4th quarter, Holdings Channel reports. The fund bought 57,179 shares of the transportation company’s stock, valued at approximately $1,037,000. USA Truck makes up approximately 0.3% of 12th Street Asset Management Company LLC’s holdings, making the stock its 20th biggest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in shares of USA Truck in the fourth quarter worth $217,000. Wells Fargo & Company MN raised its stake in USA Truck by 88.6% during the fourth quarter. Wells Fargo & Company MN now owns 13,204 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 6,204 shares in the last quarter. Citadel Advisors LLC purchased a new stake in USA Truck during the third quarter valued at $203,000. Macquarie Group Ltd. purchased a new stake in USA Truck during the third quarter valued at $259,000. Finally, JPMorgan Chase & Co. purchased a new stake in USA Truck during the third quarter valued at $306,000. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of USA Truck, Inc. (NASDAQ USAK) opened at $25.69 on Monday. The stock has a market cap of $212.94, a price-to-earnings ratio of 27.62 and a beta of 1.90. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05. USA Truck, Inc. has a 12 month low of $5.73 and a 12 month high of $27.94.
A number of equities research analysts recently issued reports on USAK shares. Zacks Investment Research raised shares of USA Truck from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, November 9th. Stephens raised shares of USA Truck from an “equal” rating to a “weight” rating in a research note on Friday, February 2nd. Cowen upped their price target on shares of USA Truck from $16.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, TheStreet raised shares of USA Truck from a “d” rating to a “c” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. USA Truck has a consensus rating of “Buy” and a consensus price target of $21.67.
USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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