Zacks Investment Research downgraded shares of USA Truck (NASDAQ:USAK) from a buy rating to a hold rating in a report released on Saturday morning.
According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “
USAK has been the subject of a number of other reports. Cowen reaffirmed a buy rating and set a $10.00 price target on shares of USA Truck in a report on Friday, September 8th. Stifel Nicolaus raised USA Truck from a hold rating to a buy rating and boosted their target price for the company from $9.00 to $15.00 in a report on Friday, September 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $13.31.
USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, November 2nd. The transportation company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.10. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. The firm had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $108.05 million. During the same period in the previous year, the firm posted ($0.09) EPS. USA Truck’s revenue for the quarter was up 8.2% on a year-over-year basis. sell-side analysts predict that USA Truck will post -0.45 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew 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 acquiring an additional 9,289 shares during the period. Citigroup Inc. grew its holdings in shares of USA Truck by 44.0% in the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after acquiring an additional 4,470 shares during the period. Citadel Advisors LLC acquired a new stake in shares of USA Truck in the 3rd quarter worth approximately $203,000. BlueCrest Capital Management Ltd grew 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 acquiring an additional 3,105 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of USA Truck in the 3rd quarter worth approximately $259,000. 64.28% of the stock is owned by hedge funds and other institutional investors.
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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.
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