ValuEngine Downgrades USA Truck (NASDAQ:USAK) to Hold

USA Truck (NASDAQ:USAK) was downgraded by ValuEngine[1] from a “buy” rating to a “hold” rating in a report issued on Tuesday, ValuEngine[2] reports. Several other brokerages have also recently issued reports on USAK. Stephens reduced their price target on shares of USA Truck from £10.00 to £8.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th.

Cowen restated a “buy” rating and set a £10.00 target price on shares of USA Truck in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. USA Truck has an average rating of “Hold” and an average price target of £12.75.

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NASDAQ USAK[3] opened at £3.73 on Tuesday.

The firm’s 50-day moving average is £5.29 and its two-hundred day moving average is £7.20. USA Truck has a 12 month low of £3.32 and a 12 month high of £16.77. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.73 and a quick ratio of 0.72.

The stock has a market capitalization of £31.88 million, a P/E ratio of -6.91 and a beta of 1.41.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Friday, January 31st. The transportation company reported (£0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of (£0.09) by (£0.43). The business had revenue of £124.11 million for the quarter, compared to analyst estimates of £130.90 million.

USA Truck had a negative return on equity of 4.07% and a negative net margin of 0.90%. As a group, analysts anticipate that USA Truck will post 0.33 EPS for the current year. In other news, Director Robert E.

Creager bought 8,981 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average cost of £5.70 per share, for a total transaction of £51,191.70. Following the completion of the purchase, the director now owns 40,984 shares of the company’s stock, valued at £233,608.80.

The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink[4].

6.70% of the stock is currently owned by corporate insiders. Several hedge funds have recently added to or reduced their stakes in USAK. Millrace Asset Group Inc. purchased a new position in USA Truck in the fourth quarter valued at approximately £919,000.

Grace & White Inc. NY boosted its holdings in shares of USA Truck by 15.0% in the fourth quarter. Grace & White Inc.

NY now owns 415,358 shares of the transportation company’s stock valued at £3,094,000 after acquiring an additional 54,213 shares during the period. US Bancorp DE boosted its holdings in shares of USA Truck by 116.8% in the fourth quarter. US Bancorp DE now owns 77,048 shares of the transportation company’s stock valued at £574,000 after acquiring an additional 41,513 shares during the period.

Millennium Management LLC lifted its holdings in shares of USA Truck by 79.2% during the third quarter. Millennium Management LLC now owns 37,933 shares of the transportation company’s stock worth £304,000 after purchasing an additional 16,763 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of USA Truck during the fourth quarter worth £87,000.

Hedge funds and other institutional investors own 53.40% of the company’s stock. About USA Truck USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada.

The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services. Featured Story: What moving averages are used to define a golden cross?[5]

To view ValuEngine’s full report, visit ValuEngine’s official website[6].

Receive News & Ratings for USA Truck Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for USA Truck and related companies with MarketBeat.com’s FREE daily email newsletter[7].

References

  1. ^ ValuEngine (www.americanconsumernews.net)
  2. ^ ValuEngine (www.valuengine.com)
  3. ^ NASDAQ USAK (www.marketbeat.com)
  4. ^ this hyperlink (www.sec.gov)
  5. ^ What moving averages are used to define a golden cross? (www.marketbeat.com)
  6. ^ ValuEngine’s official website (www.valuengine.com)
  7. ^ MarketBeat.com’s FREE daily email newsletter (www.modernreaders.com)

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