USA Truck, Inc. (NASDAQ:USAK) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a hold rating to a sell rating in a report issued on Wednesday.

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. “

Several other equities research analysts have also recently issued reports on USAK. Cowen and Company restated a buy rating and set a $8.00 price objective on shares of USA Truck in a research report on Tuesday, July 11th. ValuEngine upgraded shares of USA Truck from a strong sell rating to a sell rating in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $8.13.

Shares of USA Truck (NASDAQ USAK) traded up 1.28% during trading on Wednesday, reaching $9.53. 90,532 shares of the company traded hands. The stock’s market capitalization is $76.22 million. The firm has a 50 day moving average of $7.77 and a 200 day moving average of $7.94. USA Truck has a 52 week low of $5.73 and a 52 week high of $20.13.

USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.55) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.45. USA Truck had a negative return on equity of 16.02% and a negative net margin of 2.57%. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $108.80 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. USA Truck’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities analysts predict that USA Truck will post ($0.32) EPS for the current year.

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In related news, Director Barbara J. Faulkenberry purchased 6,890 shares of the company’s stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $5.86 per share, for a total transaction of $40,375.40. Following the completion of the transaction, the director now directly owns 11,144 shares in the company, valued at $65,303.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Enzor purchased 12,500 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $6.47 per share, with a total value of $80,875.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 38,415 shares of company stock valued at $244,682. Company insiders own 3.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of USA Truck during the fourth quarter worth $174,000. Renaissance Technologies LLC boosted its stake in shares of USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock worth $1,364,000 after buying an additional 37,300 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of USA Truck during the fourth quarter worth $397,000. Horrell Capital Management Inc. boosted its stake 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 in the last quarter. Finally, Essex Investment Management Co. LLC boosted its stake in shares of USA Truck by 23.3% in the first quarter. Essex Investment Management Co. LLC now owns 108,971 shares of the transportation company’s stock worth $801,000 after buying an additional 20,604 shares in the last quarter. Institutional investors and hedge funds own 66.38% of the company’s stock.

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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