US Xpress Enterprises Inc (NYSE:USX) shares rose 8.3% on Friday . The company traded as high as $4.77 and last traded at $4.72, approximately 267,000 shares traded hands during trading. A decline of 13% from the average daily volume of 307,033 shares. The stock had previously closed at $4.36.

USX has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $20.00 price target on shares of US Xpress Enterprises in a research note on Thursday, August 15th. Bank of America downgraded shares of US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. Zacks Investment Research upgraded shares of US Xpress Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Stephens downgraded shares of US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $16.67.

The company has a debt-to-equity ratio of 2.06, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $4.47 and its two-hundred day simple moving average is $5.31. The stock has a market cap of $213.43 million and a price-to-earnings ratio of 4.54.

US Xpress Enterprises (NYSE:USX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.09). US Xpress Enterprises had a return on equity of 19.96% and a net margin of 1.74%. The business had revenue of $413.86 million for the quarter, compared to analyst estimates of $426.58 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, analysts predict that US Xpress Enterprises Inc will post 0.42 earnings per share for the current year.

In related news, CAO Jason Grear acquired 7,262 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was bought at an average cost of $4.12 per share, with a total value of $29,919.44. Following the completion of the acquisition, the chief accounting officer now owns 9,370 shares in the company, valued at $38,604.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Max L. Fuller acquired 71,915 shares of the business’s stock in a transaction on Friday, August 30th. The shares were bought at an average cost of $4.30 per share, with a total value of $309,234.50. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 124,177 shares of company stock valued at $513,904. Company insiders own 34.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of US Xpress Enterprises by 53.7% during the second quarter. Russell Investments Group Ltd. now owns 48,400 shares of the company’s stock valued at $249,000 after acquiring an additional 16,900 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of US Xpress Enterprises by 12.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,676,050 shares of the company’s stock valued at $8,615,000 after acquiring an additional 183,811 shares during the period. Tranquility Partners LLC bought a new position in shares of US Xpress Enterprises during the second quarter valued at $93,000. Strs Ohio lifted its holdings in shares of US Xpress Enterprises by 7.5% during the second quarter. Strs Ohio now owns 67,300 shares of the company’s stock valued at $345,000 after acquiring an additional 4,700 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of US Xpress Enterprises by 211.9% during the second quarter. LPL Financial LLC now owns 47,741 shares of the company’s stock valued at $245,000 after acquiring an additional 32,436 shares during the period. 36.18% of the stock is owned by institutional investors.

US Xpress Enterprises Company Profile (NYSE:USX)

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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