USA Truck, Inc. (NASDAQ:USAK) Receives “Buy” Rating from Cowen and Company

USA Truck, Inc. (NASDAQ:USAK)‘s stock had its “buy” rating reiterated by Cowen and Company in a research report issued to clients and investors on Friday, September 8th. They presently have a $10.00 target price on the transportation company’s stock. Cowen and Company’s price target would indicate a potential downside of 17.70% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. ValuEngine raised USA Truck from a “sell” rating to a “hold” rating in a report on Sunday, September 3rd. Zacks Investment Research downgraded USA Truck from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.63.

Shares of USA Truck (USAK) opened at 12.15 on Friday. USA Truck has a 52-week low of $5.73 and a 52-week high of $12.15. The stock’s 50 day moving average is $10.00 and its 200 day moving average is $8.21. The stock’s market cap is $97.53 million.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.24). The firm had revenue of $107.40 million during the quarter, compared to analyst estimates of $103.75 million. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. USA Truck’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) earnings per share. Equities research analysts forecast that USA Truck will post ($0.96) earnings per share for the current year.

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In other USA Truck news, Director Gary Enzor acquired 7,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $8.20 per share, for a total transaction of $61,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason R. Bates acquired 8,500 shares of the business’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $8.23 per share, with a total value of $69,955.00. Following the transaction, the chief financial officer now directly owns 33,732 shares of the company’s stock, valued at approximately $277,614.36. The disclosure for this purchase can be found here. Insiders acquired 17,050 shares of company stock valued at $139,967 in the last quarter. 3.50% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of USA Truck by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after buying an additional 9,289 shares in the last quarter. BlueCrest Capital Management Ltd increased its position in shares of USA Truck by 12.4% in the second quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock valued at $243,000 after buying an additional 3,105 shares in the last quarter. Intrinsic Edge Capital Management LLC increased its position in shares of USA Truck by 5.2% in the second quarter. Intrinsic Edge Capital Management LLC now owns 253,150 shares of the transportation company’s stock valued at $2,192,000 after buying an additional 12,576 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of USA Truck by 67.5% in the second quarter. Goldman Sachs Group Inc. now owns 51,915 shares of the transportation company’s stock valued at $450,000 after buying an additional 20,915 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in USA Truck by 37.1% during the 2nd quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock worth $582,000 after purchasing an additional 18,200 shares in the last quarter. Institutional investors and hedge funds own 53.39% 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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