10,338 Shares in U.S. Xpress Enterprises, Inc. (NYSE:USX) Purchased by Creative Planning

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.

U.S. Xpress Enterprises (NYSE:USX) last announced its quarterly earnings results on Thursday, July 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.05). The firm had revenue of $475.02 million for the quarter, compared to analyst estimates of $457.09 million. U.S. Xpress Enterprises had a net margin of 2.20% and a return on equity of 9.40%. As a group, equities research analysts predict that U.S. Xpress Enterprises, Inc. will post 0.56 earnings per share for the current year.

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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Institutional Ownership by Quarter for U.S. Xpress Enterprises (NYSE:USX)

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