Boston Partners Sells 318,224 Shares of USA Truck, Inc. (NASDAQ:USAK)

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Boston Partners trimmed its holdings in shares of USA Truck, Inc. (NASDAQ:USAK) by 63.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 180,062 shares of the transportation company’s stock after selling 318,224 shares during the period. Boston Partners’ holdings in USA Truck were worth $1,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of USA Truck by 20.9% in the third quarter. Russell Investments Group Ltd. now owns 1,180,798 shares of the transportation company’s stock worth $9,485,000 after buying an additional 203,798 shares during the period. Grace & White Inc. NY boosted its holdings in USA Truck by 33.2% during the 3rd quarter. Grace & White Inc. NY now owns 361,145 shares of the transportation company’s stock valued at $2,900,000 after acquiring an additional 89,939 shares during the period. Callahan Advisors LLC grew its position in USA Truck by 24.5% during the 3rd quarter. Callahan Advisors LLC now owns 36,851 shares of the transportation company’s stock worth $296,000 after acquiring an additional 7,255 shares during the last quarter. River & Mercantile Asset Management LLP bought a new position in USA Truck during the 2nd quarter worth approximately $1,159,000. Finally, Wolverine Trading LLC grew its position in USA Truck by 181.4% during the 2nd quarter. Wolverine Trading LLC now owns 11,158 shares of the transportation company’s stock worth $113,000 after acquiring an additional 24,858 shares during the last quarter. Institutional investors and hedge funds own 60.56% of the company’s stock.

Several analysts have weighed in on the company. ValuEngine upgraded USA Truck from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Zacks Investment Research cut shares of USA Truck from a “hold” rating to a “strong sell” rating in a report on Saturday, October 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. USA Truck currently has an average rating of “Hold” and an average price target of $15.33.

Shares of USA Truck stock opened at $7.39 on Wednesday. The company’s fifty day simple moving average is $7.54 and its two-hundred day simple moving average is $9.01. USA Truck, Inc. has a 12-month low of $6.98 and a 12-month high of $20.93. The firm has a market cap of $65.24 million, a PE ratio of 4.74 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.94.

USA Truck (NASDAQ:USAK) last posted its earnings results on Friday, November 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.16). The firm had revenue of $130.92 million for the quarter, compared to analysts’ expectations of $127.40 million. USA Truck had a return on equity of 8.23% and a net margin of 1.01%. As a group, sell-side analysts expect that USA Truck, Inc. will post 0.08 earnings per share for the current fiscal year.

About USA Truck

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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Want to see what other hedge funds are holding USAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Truck, Inc. (NASDAQ:USAK).

Institutional Ownership by Quarter for USA Truck (NASDAQ:USAK)

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