Shares of USA Truck, Inc. (NASDAQ:USAK) have received an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.75.

A number of equities research analysts have recently weighed in on USAK shares. ValuEngine raised USA Truck from a “sell” rating to a “hold” rating in a research note on Sunday, September 3rd. Cowen and Company reiterated a “buy” rating and issued a $10.00 target price on shares of USA Truck in a report on Friday, September 8th. Zacks Investment Research lowered USA Truck from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus upgraded USA Truck from a “hold” rating to a “buy” rating and lifted their target price for the company from $9.00 to $15.00 in a report on Friday, September 29th.

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Shares of USA Truck (NASDAQ:USAK) opened at 13.92 on Friday. The firm has a 50 day moving average price of $11.82 and a 200 day moving average price of $8.63. USA Truck has a one year low of $5.73 and a one year high of $14.89. The stock’s market capitalization is $111.74 million.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $107.40 million during the quarter, compared to analyst estimates of $103.75 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that USA Truck will post ($0.96) earnings per share for the current fiscal year.

In related news, CFO Jason R. Bates bought 8,500 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $8.23 per share, for a total transaction of $69,955.00. Following the completion of the acquisition, the chief financial officer now owns 33,732 shares in the company, valued at approximately $277,614.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Enzor bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was 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 purchased 17,050 shares of company stock valued at $139,967. 3.50% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in USA Truck by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 9,289 shares during the period. Citigroup Inc. boosted its holdings in USA Truck by 44.0% in the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 4,470 shares during the period. Callahan Advisors LLC purchased a new position in USA Truck in the second quarter valued at $132,000. LMR Partners LLP purchased a new position in USA Truck in the second quarter valued at $198,000. Finally, Trexquant Investment LP purchased a new position in USA Truck in the second quarter valued at $237,000. Hedge funds and other institutional investors own 52.86% of the company’s stock.

About USA Truck

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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