251,896 Shares in US Xpress Enterprises Inc (USX) Purchased by Marshall Wace LLP

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.

A number of brokerages have commented on USX. Zacks Investment Research lowered US Xpress Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Bank of America decreased their price objective on US Xpress Enterprises from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on US Xpress Enterprises from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.67.

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.

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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.

See Also: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for US Xpress Enterprises (NYSE:USX)

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