USA Truck, Inc. (USAK) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a sell rating to a hold rating in a research note released on Thursday morning.
According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “
A number of other brokerages have also issued reports on USAK. ValuEngine raised USA Truck from a sell rating to a hold rating in a report on Sunday, September 3rd. Cowen and Company reissued a buy rating and issued a $10.00 price objective on shares of USA Truck in a report on Friday, September 8th. Finally, Stifel Nicolaus raised USA Truck from a hold rating to a buy rating and increased their price objective for the stock from $9.00 to $15.00 in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $10.75.
Shares of USA Truck (NASDAQ USAK) opened at 13.92 on Thursday. USA Truck has a 12-month low of $5.73 and a 12-month high of $14.89. The stock has a 50 day moving average price of $11.82 and a 200 day moving average price of $8.63. The firm’s market capitalization is $111.74 million.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $107.40 million during the quarter, compared to the consensus estimate of $103.75 million. During the same period last year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that USA Truck will post ($0.96) EPS for the current fiscal year.
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In other news, Director Gary Enzor purchased 7,500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $8.20 per share, with a total value of $61,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jason R. Bates purchased 8,500 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $8.23 per share, with a total value of $69,955.00. Following the completion of the purchase, 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 ninety days, insiders have acquired 17,050 shares of company stock valued at $139,967. 3.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of USAK. Tower Research Capital LLC TRC boosted its stake in USA Truck by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 9,289 shares in the last quarter. Citigroup Inc. boosted its stake in USA Truck by 44.0% during the 2nd 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 bought a new position in USA Truck during the 2nd quarter valued at $132,000. LMR Partners LLP bought a new position in USA Truck during the 2nd quarter valued at $198,000. Finally, Trexquant Investment LP bought a new position in USA Truck during the 2nd quarter valued at $237,000. 52.86% of the stock is owned by hedge funds and other 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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