Acadian Asset Management LLC reduced its position in USA Truck, Inc. (NASDAQ:USAK) by 74.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,892 shares of the transportation company’s stock after selling 70,426 shares during the period. Acadian Asset Management LLC owned about 0.30% of USA Truck worth $175,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in USAK. Russell Investments Group Ltd. bought a new position in shares of USA Truck during the fourth quarter worth approximately $174,000. Trexquant Investment LP bought a new position in shares of USA Truck during the fourth quarter worth approximately $183,000. Horrell Capital Management Inc. boosted its position in shares of USA Truck by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock worth $200,000 after buying an additional 100 shares during the period. Oxford Asset Management boosted its position in shares of USA Truck by 31.6% in the fourth quarter. Oxford Asset Management now owns 26,791 shares of the transportation company’s stock worth $233,000 after buying an additional 6,437 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of USA Truck during the fourth quarter worth approximately $397,000. 66.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of USA Truck, Inc. (NASDAQ USAK) traded up 4.01% during midday trading on Friday, hitting $6.75. The stock had a trading volume of 112,326 shares. USA Truck, Inc. has a 52-week low of $5.73 and a 52-week high of $20.64. The company’s 50 day moving average is $6.47 and its 200 day moving average is $8.07. The company’s market cap is $53.99 million.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.45. The firm had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $108.80 million. USA Truck had a negative return on equity of 16.02% and a negative net margin of 2.57%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, analysts anticipate that USA Truck, Inc. will post ($0.38) earnings per share for the current year.
A number of equities research analysts have recently weighed in on USAK shares. Zacks Investment Research upgraded USA Truck from a “sell” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Wednesday, April 12th. Cowen and Company reiterated an “outperform” rating and issued a $8.00 price objective (down from $11.00) on shares of USA Truck in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.13.
In other news, Director Robert A. Peiser acquired 10,000 shares of USA Truck stock in a transaction on Wednesday, May 10th. The shares were bought at an average cost of $6.39 per share, for a total transaction of $63,900.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barbara J. Faulkenberry acquired 6,890 shares of USA Truck stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $5.86 per share, for a total transaction of $40,375.40. Following the completion of the acquisition, the director now directly owns 11,144 shares in the company, valued at $65,303.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,415 shares of company stock worth $244,682 over the last 90 days. 3.50% of the stock is currently owned by company insiders.
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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