Citadel Advisors LLC Takes Position in USA Truck, Inc. (USAK)
Citadel Advisors LLC acquired a new position in shares of USA Truck, Inc. (NASDAQ:USAK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,422 shares of the transportation company’s stock, valued at approximately $203,000. Citadel Advisors LLC owned approximately 0.17% of USA Truck as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in USA Truck by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 9,289 shares during the period. Citigroup Inc. raised its stake in USA Truck by 44.0% in the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 4,470 shares during the period. LMR Partners LLP bought a new stake in USA Truck in the 2nd quarter valued at $198,000. Trexquant Investment LP bought a new stake in USA Truck in the 2nd quarter valued at $237,000. Finally, Bank of America Corp DE raised its stake in USA Truck by 436.0% in the 1st quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock valued at $240,000 after acquiring an additional 26,469 shares during the period. Institutional investors own 64.28% of the company’s stock.
USA Truck, Inc. (NASDAQ USAK) opened at $17.70 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.05 and a quick ratio of 1.04. USA Truck, Inc. has a 1-year low of $5.73 and a 1-year high of $19.05.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.10. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $108.05 million. During the same period in the prior year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. research analysts predict that USA Truck, Inc. will post -0.47 EPS for the current year.
A number of equities research analysts recently weighed in on USAK shares. Stifel Nicolaus upgraded USA Truck from a “hold” rating to a “buy” rating and increased their price target for the company from $9.00 to $15.00 in a research note on Friday, September 29th. Cowen restated a “buy” rating and issued a $10.00 price target on shares of USA Truck in a research note on Friday, September 8th. Zacks Investment Research upgraded 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. Finally, ValuEngine upgraded USA Truck from a “sell” rating to a “hold” rating in a research note on Sunday, September 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. USA Truck currently has a consensus rating of “Hold” and a consensus price target of $12.31.
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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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