Arrowstreet Capital Limited Partnership Takes $1.08 Million Position in USA Truck, Inc. (USAK)
Arrowstreet Capital Limited Partnership acquired a new position in shares of USA Truck, Inc. (NASDAQ:USAK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 59,388 shares of the transportation company’s stock, valued at approximately $1,077,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in shares of USA Truck during the 3rd quarter worth $203,000. Acadian Asset Management LLC bought a new stake in shares of USA Truck during the 4th quarter worth $217,000. Wells Fargo & Company MN lifted its holdings in shares of USA Truck by 88.6% during the 4th quarter. Wells Fargo & Company MN now owns 13,204 shares of the transportation company’s stock worth $240,000 after acquiring an additional 6,204 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of USA Truck during the 3rd quarter worth $259,000. Finally, JPMorgan Chase & Co. bought a new stake in USA Truck in the third quarter worth $306,000. 66.28% of the stock is owned by institutional investors.
Shares of USA Truck, Inc. (NASDAQ USAK) opened at $26.35 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.00. USA Truck, Inc. has a one year low of $5.73 and a one year high of $27.94.
Several research firms have weighed in on USAK. Cowen boosted their price target on shares of USA Truck from $16.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Stephens raised shares of USA Truck from an “equal” rating to a “weight” rating in a research note on Friday, February 2nd. TheStreet raised shares of USA Truck from a “d” rating to a “c” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of USA Truck from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, December 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $21.67.
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USA Truck Company Profile
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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