ValuEngine upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a strong sell rating to a sell rating in a research note published on Thursday, June 29th.

A number of other equities research analysts have also recently commented on USAK. Zacks Investment Research cut USA Truck from a buy rating to a hold rating in a research note on Friday, May 5th. Cowen and Company reissued an outperform rating and issued a $8.00 target price (down from $11.00) on shares of USA Truck in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. USA Truck currently has a consensus rating of Hold and an average price target of $8.13.

Shares of USA Truck (NASDAQ USAK) traded down 0.393% during trading on Thursday, reaching $8.865. The company’s stock had a trading volume of 17,909 shares. The firm’s market cap is $70.90 million. The stock’s 50 day moving average is $6.75 and its 200 day moving average is $7.96. USA Truck has a one year low of $5.73 and a one year high of $20.17.

USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, May 4th. The transportation company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.45. USA Truck had a negative return on equity of 16.02% and a negative net margin of 2.57%. The company had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $108.80 million. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. On average, equities analysts forecast that USA Truck will post ($0.32) EPS for the current fiscal year.

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In other news, Director Robert A. Peiser bought 10,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were bought at an average price of $6.39 per share, with a total value of $63,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Susan Chambers bought 5,725 shares of the stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $6.94 per share, for a total transaction of $39,731.50. Following the acquisition, the director now owns 9,350 shares of the company’s stock, valued at approximately $64,889. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 38,415 shares of company stock worth $244,682. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in USA Truck during the fourth quarter worth $174,000. Oxford Asset Management increased its position in USA Truck by 31.6% in the fourth quarter. Oxford Asset Management now owns 26,791 shares of the transportation company’s stock worth $233,000 after buying an additional 6,437 shares in the last quarter. Trexquant Investment LP purchased a new position in USA Truck during the fourth quarter worth $183,000. Renaissance Technologies LLC increased its position in USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock worth $1,364,000 after buying an additional 37,300 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in USA Truck by 24.9% in the fourth quarter. GSA Capital Partners LLP now owns 98,178 shares of the transportation company’s stock worth $855,000 after buying an additional 19,600 shares in the last quarter. 66.38% of the stock is currently owned by institutional investors.

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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