Bank of New York Mellon Corp reduced its stake in shares of USA Truck, Inc. (NASDAQ:USAK) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,825 shares of the transportation company’s stock after selling 1 shares during the period. Bank of New York Mellon Corp owned 0.51% of USA Truck worth $300,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Boston Partners acquired a new stake in USA Truck during the first quarter valued at $1,536,000. Renaissance Technologies LLC raised its stake in 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. Essex Investment Management Co. LLC raised its stake in 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. Russell Investments Group Ltd. raised its stake in USA Truck by 406.1% in the first quarter. Russell Investments Group Ltd. now owns 104,262 shares of the transportation company’s stock valued at $767,000 after buying an additional 83,662 shares during the period. Finally, Horrell Capital Management Inc. raised its stake in 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. 67.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of USA Truck, Inc. (NASDAQ:USAK) opened at 8.32 on Tuesday. The firm’s market capitalization is $66.54 million. The stock’s 50 day moving average price is $8.44 and its 200-day moving average price is $7.92. USA Truck, Inc. has a 52 week low of $5.73 and a 52 week high of $13.24.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.24. The firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $103.75 million. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. USA Truck’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) earnings per share. Equities analysts predict that USA Truck, Inc. will post ($0.32) earnings per share for the current year.
USAK has been the topic of several research analyst reports. ValuEngine raised USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered USA Truck from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $8.00 price objective on shares of USA Truck in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.63.
In other news, Director Gary Enzor acquired 12,500 shares of USA Truck stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $80,875.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Peiser acquired 10,000 shares of USA Truck stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average price of $6.39 per share, for a total transaction of $63,900.00. The disclosure for this purchase can be found here. Insiders have bought a total of 38,415 shares of company stock worth $244,682 over the last quarter. Corporate insiders own 3.50% of the company’s stock.
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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