US Xpress Enterprises (NYSE:USX) Shares Down 10.9%

US Xpress Enterprises Inc (NYSE:USX)’s share price fell 10.9% on Friday . The company traded as low as $3.80 and last traded at $4.32, 2,128,778 shares traded hands during trading. An increase of 578% from the average session volume of 314,031 shares. The stock had previously closed at $4.85.

A number of brokerages have weighed in on USX. Bank of America started coverage on Zai Lab in a report on Friday. They set a “buy” rating for the company. Stephens set a $112.00 price target on Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. US Xpress Enterprises has a consensus rating of “Hold” and an average target price of $17.25.

The stock’s fifty day simple moving average is $5.28. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $210.00 million and a price-to-earnings ratio of 2.57.

US Xpress Enterprises (NYSE:USX) last issued its earnings results on Thursday, May 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). US Xpress Enterprises had a net margin of 1.59% and a return on equity of 24.13%. The business had revenue of $415.36 million for the quarter, compared to the consensus estimate of $443.32 million. US Xpress Enterprises’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that US Xpress Enterprises Inc will post 1.03 earnings per share for the current year.

In other news, insider William Eric Fuller sold 85,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.91, for a total transaction of $502,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Rickel purchased 5,000 shares of US Xpress Enterprises stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $5.98 per share, with a total value of $29,900.00. The disclosure for this purchase can be found here. Insiders own 34.85% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in US Xpress Enterprises by 1,533.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock worth $32,000 after acquiring an additional 4,477 shares in the last quarter. Virtu Financial LLC purchased a new position in US Xpress Enterprises in the first quarter worth $71,000. Millennium Management LLC purchased a new position in US Xpress Enterprises in the fourth quarter worth $83,000. Cito Capital Group LLC purchased a new position in US Xpress Enterprises in the first quarter worth $106,000. Finally, New York State Common Retirement Fund purchased a new position in US Xpress Enterprises in the fourth quarter worth $131,000. Hedge funds and other institutional investors own 35.23% of the company’s stock.

US Xpress Enterprises Company Profile (NYSE:USX)

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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