Private Management Group Inc. cut its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 25.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,149 shares of the company’s stock after selling 65,383 shares during the period. Private Management Group Inc. owned 0.49% of Rush Enterprises worth $7,144,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its stake in Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock valued at $125,000 after buying an additional 2,296 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Rush Enterprises by 226.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the company’s stock valued at $229,000 after buying an additional 4,279 shares during the last quarter. Aperio Group LLC bought a new stake in Rush Enterprises during the second quarter valued at approximately $243,000. Principal Financial Group Inc. bought a new stake in Rush Enterprises during the second quarter valued at approximately $296,000. Finally, Cigna Investments Inc. New bought a new stake in Rush Enterprises during the second quarter valued at approximately $297,000. Institutional investors own 75.45% of the company’s stock.

Shares of Rush Enterprises, Inc. (NASDAQ RUSHA) opened at 40.95 on Friday. Rush Enterprises, Inc. has a 1-year low of $21.99 and a 1-year high of $43.55. The stock’s 50 day moving average is $39.82 and its 200 day moving average is $36.59. The firm has a market capitalization of $1.63 billion, a P/E ratio of 25.85 and a beta of 1.19.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.15. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. Equities analysts predict that Rush Enterprises, Inc. will post $1.80 earnings per share for the current year.

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Several research firms have recently commented on RUSHA. ValuEngine upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BMO Capital Markets lifted their price objective on shares of Rush Enterprises from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price objective on shares of Rush Enterprises in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $42.25.

About Rush Enterprises

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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