Creative Planning purchased a new position in U.S. Xpress Enterprises, Inc. (NYSE:USX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,338 shares of the company’s stock, valued at approximately $89,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in U.S. Xpress Enterprises in the 1st quarter worth about $29,000. Paradigm Strategies in Wealth Management LLC increased its stake in U.S. Xpress Enterprises by 847.4% in the 2nd quarter. Paradigm Strategies in Wealth Management LLC now owns 4,500 shares of the company’s stock worth $39,000 after purchasing an additional 4,025 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in U.S. Xpress Enterprises by 72.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,742 shares of the company’s stock worth $126,000 after purchasing an additional 4,525 shares in the last quarter. UBS Group AG increased its stake in U.S. Xpress Enterprises by 120.3% in the 1st quarter. UBS Group AG now owns 10,876 shares of the company’s stock worth $128,000 after purchasing an additional 5,938 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in U.S. Xpress Enterprises during the 1st quarter valued at about $145,000. 34.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of U.S. Xpress Enterprises stock opened at $8.36 on Wednesday. The firm has a market cap of $420.87 million, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.39 and a beta of 1.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.87. U.S. Xpress Enterprises, Inc. has a 52-week low of $6.18 and a 52-week high of $12.33. The stock has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $9.93.
Several equities analysts have weighed in on USX shares. Raymond James started coverage on U.S. Xpress Enterprises in a research note on Friday, September 10th. They set a “market perform” rating on the stock. Bank of America cut U.S. Xpress Enterprises from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $10.00 in a research note on Wednesday, June 30th. Morgan Stanley lowered their target price on U.S. Xpress Enterprises from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, July 8th. Finally, Zacks Investment Research cut U.S. Xpress Enterprises from a “hold” rating to a “strong sell” rating in a research note on Friday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Xpress Enterprises currently has an average rating of “Hold” and an average target price of $12.75.
U.S. Xpress Enterprises Company Profile
US Xpress Enterprises, Inc engages in the provision of truckload carrier services. It operates though the Truckload and Brokerage segments. The Truckload segment offers asset-based truckload services, including the over-the-road and dedicated contract services. The Brokerage segment is involves in non-asset based freight brokerage services.
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