Bank of America Corp DE bought a new stake in shares of US Xpress Enterprises Inc (NYSE:USX) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 561,240 shares of the company’s stock, valued at approximately $8,498,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USX. Legal & General Group Plc purchased a new position in US Xpress Enterprises during the 2nd quarter valued at $152,000. Quantitative Systematic Strategies LLC purchased a new position in US Xpress Enterprises during the 2nd quarter valued at $463,000. Dean Capital Investments Management LLC purchased a new position in US Xpress Enterprises during the 2nd quarter valued at $545,000. Penn Capital Management Co. Inc. purchased a new position in US Xpress Enterprises during the 2nd quarter valued at $1,145,000. Finally, Sei Investments Co. purchased a new position in US Xpress Enterprises during the 2nd quarter valued at $1,341,000.
In other news, insider John William White bought 23,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was acquired at an average cost of $13.68 per share, for a total transaction of $314,640.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of USX stock opened at $9.96 on Friday. US Xpress Enterprises Inc has a twelve month low of $9.65 and a twelve month high of $16.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.31.
US Xpress Enterprises (NYSE:USX) last issued its earnings results on Thursday, August 2nd. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.45. The firm had revenue of $449.80 million during the quarter, compared to analysts’ expectations of $446.29 million. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Equities research analysts anticipate that US Xpress Enterprises Inc will post 1.4 EPS for the current year.
About US Xpress Enterprises
U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.
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