USA Truck, Inc. (NASDAQ:USAK) Stock Rating Upgraded by ValuEngine
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.
ILLEGAL ACTIVITY NOTICE: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/07/14/usa-truck-inc-nasdaqusak-upgraded-at-valuengine-updated.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for USA Truck Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck Inc. and related stocks with our FREE daily email newsletter.