USA Truck, Inc. (USAK) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

USAK has been the topic of a number of other research reports. Zacks Investment Research lowered shares of USA Truck from a hold rating to a sell rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a buy rating and set a $8.00 target price on shares of USA Truck in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. USA Truck currently has an average rating of Hold and a consensus price target of $8.63.

USA Truck (NASDAQ:USAK) opened at 11.49 on Friday. The company’s market capitalization is $92.23 million. USA Truck has a one year low of $5.73 and a one year high of $12.34. The stock’s 50 day moving average is $9.56 and its 200 day moving average is $8.06.

USA Truck (NASDAQ:USAK) last posted its earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.24. The firm had revenue of $107.40 million for the quarter, compared to the consensus estimate of $103.75 million. USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted ($0.10) EPS. On average, analysts anticipate that USA Truck will post ($0.96) earnings per share for the current fiscal year.

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In related news, Director Gary Enzor purchased 7,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $8.20 per share, with a total value of $61,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason R. Bates purchased 8,500 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $8.23 per share, for a total transaction of $69,955.00. Following the acquisition, the chief financial officer now directly owns 33,732 shares in the company, valued at $277,614.36. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,050 shares of company stock worth $139,967 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of USA Truck by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after buying an additional 9,289 shares during the last quarter. BlueCrest Capital Management Ltd increased its holdings in shares of USA Truck by 12.4% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock worth $243,000 after buying an additional 3,105 shares during the last quarter. Intrinsic Edge Capital Management LLC increased its holdings in shares of USA Truck by 5.2% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 253,150 shares of the transportation company’s stock worth $2,192,000 after buying an additional 12,576 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of USA Truck by 67.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 51,915 shares of the transportation company’s stock worth $450,000 after buying an additional 20,915 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of USA Truck by 37.1% in the 2nd quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock worth $582,000 after buying an additional 18,200 shares during the last quarter. 53.39% of the stock is currently owned by hedge funds and other institutional investors.

About USA Truck

USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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