Bank of New York Mellon Corp Sells 1 Shares of USA Truck, Inc. (NASDAQ:USAK)
Bank of New York Mellon Corp lowered its stake in shares of USA Truck, Inc. (NASDAQ:USAK) by 0.0% during the first quarter, Holdings Channel reports. The firm owned 40,825 shares of the transportation company’s stock after selling 1 shares during the period. Bank of New York Mellon Corp’s holdings in USA Truck were worth $300,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of USA Truck during the fourth quarter valued at approximately $174,000. Horrell Capital Management Inc. raised its position in shares of USA Truck by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $200,000 after buying an additional 100 shares during the period. Essex Investment Management Co. LLC raised its position in shares of USA Truck by 23.3% in the first quarter. Essex Investment Management Co. LLC now owns 108,971 shares of the transportation company’s stock valued at $801,000 after buying an additional 20,604 shares during the period. Renaissance Technologies LLC raised its position in shares of USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock valued at $1,364,000 after buying an additional 37,300 shares during the period. Finally, Boston Partners purchased a new position in shares of USA Truck during the first quarter valued at approximately $1,536,000. Hedge funds and other institutional investors own 67.12% of the company’s stock.
Shares of USA Truck, Inc. (NASDAQ:USAK) opened at 8.32 on Tuesday. USA Truck, Inc. has a one year low of $5.73 and a one year high of $13.24. The company’s 50-day moving average price is $8.44 and its 200 day moving average price is $7.92. The stock’s market capitalization is $66.54 million.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $103.75 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that USA Truck, Inc. will post ($0.32) EPS for the current year.
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Several equities analysts have recently commented on the company. Cowen and Company reiterated a “buy” rating and set a $10.00 price objective on shares of USA Truck in a research report on Friday. Zacks Investment Research cut USA Truck from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Finally, ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. USA Truck currently has a consensus rating of “Hold” and an average target price of $8.63.
In related news, Director Mary Susan Chambers acquired 5,725 shares of USA Truck stock in a transaction on Wednesday, May 24th. The shares were bought at an average cost of $6.94 per share, with a total value of $39,731.50. Following the completion of the purchase, the director now directly owns 9,350 shares of the company’s stock, valued at approximately $64,889. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert A. Peiser acquired 10,000 shares of USA Truck stock in a transaction on Wednesday, May 10th. The shares were bought at an average cost of $6.39 per share, for a total transaction of $63,900.00. The disclosure for this purchase can be found here. Insiders have acquired 38,415 shares of company stock worth $244,682 over the last three months. 3.50% of the stock is currently owned by insiders.
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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