Bailard Inc. cut its holdings in USA Truck, Inc. (NASDAQ:USAK) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,079 shares of the transportation company’s stock after selling 3,200 shares during the quarter. Bailard Inc.’s holdings in USA Truck were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers bought a new stake in shares of USA Truck in the fourth quarter worth about $153,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of USA Truck in the third quarter worth about $249,000. Prudential Financial Inc. bought a new stake in shares of USA Truck in the third quarter worth about $357,000. Campbell & CO Investment Adviser LLC grew its stake in shares of USA Truck by 53.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 18,300 shares of the transportation company’s stock worth $370,000 after purchasing an additional 6,400 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of USA Truck by 76.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 17,651 shares of the transportation company’s stock worth $415,000 after purchasing an additional 7,651 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.
Shares of USAK opened at $18.68 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.16. USA Truck, Inc. has a one year low of $14.41 and a one year high of $29.15. The stock has a market capitalization of $153.53 million, a price-to-earnings ratio of 11.97 and a beta of 1.65.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Monday, February 4th. The transportation company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. USA Truck had a net margin of 2.29% and a return on equity of 18.26%. The business had revenue of $141.08 million during the quarter, compared to analyst estimates of $150.40 million. Sell-side analysts predict that USA Truck, Inc. will post 2.21 EPS for the current fiscal year.
USAK has been the topic of several recent analyst reports. Loop Capital initiated coverage on USA Truck in a research note on Wednesday, October 17th. They issued a “buy” rating and a $34.00 target price on the stock. Cowen cut their target price on USA Truck from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Stifel Nicolaus set a $30.00 price objective on shares of USA Truck and gave the stock a “buy” rating in a report on Monday, October 29th. TheStreet upgraded shares of USA Truck from a “c” rating to a “b-” rating in a report on Friday, October 26th. Finally, Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. USA Truck presently has an average rating of “Hold” and an average target price of $29.25.
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About USA Truck
USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.
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