USA Truck, Inc. (USAK) Upgraded to “Hold” at Zacks Investment Research
USA Truck, Inc. (NASDAQ:USAK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “
A number of other equities analysts have also weighed in on the company. Stifel Nicolaus raised USA Truck from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $15.00 in a research report on Friday, September 29th. Cowen and Company reissued a “buy” rating and issued a $10.00 target price on shares of USA Truck in a research report on Friday, September 8th. Finally, ValuEngine raised USA Truck from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. USA Truck currently has a consensus rating of “Hold” and a consensus price target of $10.75.
Shares of USA Truck (USAK) opened at 13.87 on Thursday. USA Truck has a one year low of $5.73 and a one year high of $14.89. The stock’s market cap is $111.33 million. The stock has a 50 day moving average of $11.56 and a 200 day moving average of $8.55.
USA Truck (NASDAQ:USAK) last issued its earnings results 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 return on equity of 20.68% and a negative net margin of 2.94%. The business had revenue of $107.40 million during the quarter, compared to analysts’ expectations of $103.75 million. During the same period last year, the firm posted ($0.10) EPS. USA Truck’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts forecast that USA Truck will post ($0.96) EPS for the current year.
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In other USA Truck news, Director Gary Enzor purchased 7,500 shares of USA Truck stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $8.20 per share, with a total value of $61,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason R. Bates purchased 8,500 shares of USA Truck stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $8.23 per share, with a total value of $69,955.00. Following the transaction, the chief financial officer now directly owns 33,732 shares in the company, valued at $277,614.36. The disclosure for this purchase can be found here. Insiders have bought a total of 17,050 shares of company stock valued at $139,967 in the last ninety days. Insiders own 3.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of USA Truck by 204.7% during 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. grew its stake in shares of USA Truck by 44.0% during 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. Callahan Advisors LLC bought a new position in shares of USA Truck during the 2nd quarter valued at approximately $132,000. LMR Partners LLP bought a new position in shares of USA Truck during the 2nd quarter valued at approximately $198,000. Finally, Trexquant Investment LP bought a new position in shares of USA Truck during the 2nd quarter valued at approximately $237,000. 52.86% of the stock is owned by hedge funds and other institutional investors.
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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