TIAA CREF Investment Management LLC decreased its position in USA Truck, Inc. (NASDAQ:USAK) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,225 shares of the transportation company’s stock after selling 612 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.54% of USA Truck worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Boston Partners purchased a new stake in USA Truck during the first quarter worth $1,536,000. Essex Investment Management Co. LLC raised its stake in USA Truck by 23.3% in the first quarter. Essex Investment Management Co. LLC now owns 108,971 shares of the transportation company’s stock worth $801,000 after buying an additional 20,604 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in USA Truck by 406.1% in the first quarter. Russell Investments Group Ltd. now owns 104,262 shares of the transportation company’s stock worth $767,000 after buying an additional 83,662 shares in the last quarter. Institutional investors own 53.39% of the company’s stock.

USA Truck, Inc. (NASDAQ USAK) traded down 0.140% during mid-day trading on Tuesday, hitting $10.735. 6,063 shares of the stock were exchanged. The firm’s market capitalization is $86.17 million. The company’s 50-day moving average price is $9.08 and its 200 day moving average price is $7.93. USA Truck, Inc. has a 52 week low of $5.73 and a 52 week high of $12.34.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.24. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $103.75 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. USA Truck’s revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that USA Truck, Inc. will post ($0.96) EPS for the current year.

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USAK has been the subject of a number of analyst reports. ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research lowered shares of USA Truck from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Cowen and Company reiterated a “buy” rating and set a $8.00 target price on shares of USA Truck in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.63.

In related news, CFO Jason R. Bates purchased 8,500 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $8.23 per share, for a total transaction of $69,955.00. Following the completion of the transaction, the chief financial officer now directly owns 33,732 shares in the company, valued at $277,614.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Enzor purchased 7,500 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $8.20 per share, with a total value of $61,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,050 shares of company stock valued at $139,967. Company insiders own 3.50% of the company’s stock.

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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Institutional Ownership by Quarter for USA Truck (NASDAQ:USAK)

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