ValuEngine upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a strong sell rating to a sell rating in a report published on Monday morning.

Several other equities research analysts have also recently commented on USAK. Zacks Investment Research cut USA Truck from a hold rating to a sell rating in a research note on Tuesday, August 8th. Cowen and Company restated an outperform rating and issued a $10.00 target price (up from $8.00) on shares of USA Truck in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. USA Truck presently has a consensus rating of Hold and an average price target of $8.63.

Shares of USA Truck (USAK) opened at 11.01 on Monday. The stock has a 50 day moving average of $9.08 and a 200-day moving average of $7.93. The stock’s market capitalization is $88.38 million. USA Truck has a 1-year low of $5.73 and a 1-year high of $12.34.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.24. The firm had revenue of $107.40 million during the quarter, compared to the consensus estimate of $103.75 million. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. Equities research analysts predict that USA Truck will post ($0.96) earnings per share for the current fiscal year.

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In related news, Director Gary Enzor bought 7,500 shares of USA Truck stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $8.20 per share, for a total transaction of $61,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason R. Bates bought 8,500 shares of USA Truck stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $8.23 per share, with a total value 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 disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,050 shares of company stock valued at $139,967. Corporate insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Grace & White Inc. NY raised its position in shares of USA Truck by 7.7% in the second quarter. Grace & White Inc. NY now owns 359,450 shares of the transportation company’s stock worth $3,113,000 after buying an additional 25,635 shares during the period. Boston Partners raised its position in shares of USA Truck by 69.2% in the second quarter. Boston Partners now owns 353,600 shares of the transportation company’s stock worth $3,062,000 after buying an additional 144,600 shares during the period. Vanguard Group Inc. raised its position in shares of USA Truck by 16.4% in the second quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock worth $2,266,000 after buying an additional 36,911 shares during the period. Intrinsic Edge Capital Management LLC raised its position in shares of USA Truck by 5.2% in the second quarter. Intrinsic Edge Capital Management LLC now owns 253,150 shares of the transportation company’s stock worth $2,192,000 after buying an additional 12,576 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of USA Truck by 86.5% in the second quarter. Russell Investments Group Ltd. now owns 194,400 shares of the transportation company’s stock worth $1,684,000 after buying an additional 90,138 shares during the period. Institutional investors own 53.39% 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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