Stifel Nicolaus Upgrades USA Truck, Inc. (USAK) to Buy
Stifel Nicolaus upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat.com reports. The firm currently has $15.00 target price on the transportation company’s stock, up from their prior target price of $9.00.
USAK has been the topic of a number of other research reports. Cowen and Company reissued an outperform rating and set a $10.00 price objective (up previously from $8.00) on shares of USA Truck in a report on Friday, August 4th. Zacks Investment Research upgraded USA Truck from a strong sell rating to a hold rating in a research note on Thursday, July 13th. Finally, ValuEngine raised USA Truck from a strong sell rating to a sell rating in a report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $10.13.
Shares of USA Truck (USAK) opened at 13.80 on Friday. The firm’s market capitalization is $110.77 million. The stock’s 50 day moving average price is $11.28 and its 200 day moving average price is $8.47. USA Truck has a 12-month low of $5.73 and a 12-month high of $14.89.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) EPS 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 company had revenue of $107.40 million during the quarter, compared to the consensus estimate of $103.75 million. USA Truck’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) earnings per share. Equities research analysts expect that USA Truck will post ($0.96) earnings per share for the current year.
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In other USA Truck news, CFO Jason R. Bates purchased 8,500 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $8.23 per share, with a total value of $69,955.00. Following the acquisition, the chief financial officer now directly owns 33,732 shares in the company, valued at approximately $277,614.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Enzor purchased 7,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired 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 three months, insiders acquired 17,050 shares of company stock valued at $139,967. Insiders own 3.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of USA Truck by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after purchasing an additional 9,289 shares in the last quarter. Citigroup Inc. raised its stake 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 in the last quarter. Callahan Advisors LLC purchased a new stake in USA Truck in the second quarter valued at approximately $132,000. LMR Partners LLP purchased a new stake in USA Truck in the second quarter valued at approximately $198,000. Finally, Trexquant Investment LP purchased a new stake in USA Truck in the second quarter valued at approximately $237,000. 52.86% of the stock is 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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