Marshall Wace LLP purchased a new stake in US Xpress Enterprises Inc (NYSE:USX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 251,896 shares of the company’s stock, valued at approximately $3,476,000. Marshall Wace LLP owned 0.52% of US Xpress Enterprises as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of US Xpress Enterprises in the 3rd quarter valued at $114,000. Verition Fund Management LLC acquired a new position in shares of US Xpress Enterprises in the 3rd quarter valued at $142,000. Legal & General Group Plc acquired a new position in shares of US Xpress Enterprises in the 2nd quarter valued at $152,000. Northern Trust Corp acquired a new position in shares of US Xpress Enterprises in the 2nd quarter valued at $188,000. Finally, American International Group Inc. acquired a new position in shares of US Xpress Enterprises in the 3rd quarter valued at $192,000.
In other US Xpress Enterprises news, Director John C. Rickel acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was purchased at an average cost of $7.50 per share, for a total transaction of $37,500.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NYSE USX opened at $5.50 on Friday. US Xpress Enterprises Inc has a one year low of $5.42 and a one year high of $16.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21.
US Xpress Enterprises (NYSE:USX) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.05). US Xpress Enterprises had a return on equity of 43.88% and a net margin of 1.55%. The business had revenue of $460.23 million for the quarter, compared to analyst estimates of $462.27 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts forecast that US Xpress Enterprises Inc will post 1.4 EPS for the current year.
US Xpress Enterprises Profile
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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