USA Truck, Inc. (USAK) Shares Sold by Boston Partners
Boston Partners decreased its holdings in USA Truck, Inc. (NASDAQ:USAK) by 38.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 369,995 shares of the transportation company’s stock after selling 233,068 shares during the period. Boston Partners’ holdings in USA Truck were worth $6,708,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in USAK. BlueCrest Capital Management Ltd lifted its position in USA Truck by 12.4% during the second quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock valued at $243,000 after buying an additional 3,105 shares during the period. Citigroup Inc. lifted its position in USA Truck by 44.0% during the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after buying an additional 4,470 shares during the period. Callahan Advisors LLC lifted its position in USA Truck by 70.3% during the fourth quarter. Callahan Advisors LLC now owns 25,996 shares of the transportation company’s stock valued at $471,000 after buying an additional 10,732 shares during the period. Acadian Asset Management LLC purchased a new position in USA Truck during the fourth quarter valued at $217,000. Finally, Citadel Advisors LLC purchased a new position in USA Truck during the third quarter valued at $203,000. 63.89% of the stock is owned by institutional investors.
USA Truck, Inc. (NASDAQ:USAK) opened at $25.74 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a market capitalization of $216.74, a PE ratio of 27.68 and a beta of 2.26. USA Truck, Inc. has a 52-week low of $5.73 and a 52-week high of $27.45.
Several equities analysts have commented on USAK shares. Zacks Investment Research raised USA Truck from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, December 27th. TheStreet raised USA Truck from a “d” rating to a “c” rating in a research report on Friday, February 2nd. Cowen raised their price objective on USA Truck from $16.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Stephens raised USA Truck from an “equal” rating to a “weight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $21.67.
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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