AQR Capital Management LLC cut its stake in shares of USA Truck, Inc. (NASDAQ:USAK) by 65.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,133 shares of the transportation company’s stock after selling 47,387 shares during the quarter. AQR Capital Management LLC owned about 0.29% of USA Truck worth $254,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in USAK. Eidelman Virant Capital purchased a new stake in shares of USA Truck during the second quarter valued at $101,000. Campbell & CO Investment Adviser LLC grew its holdings in shares of USA Truck by 45.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 21,037 shares of the transportation company’s stock valued at $213,000 after buying an additional 6,560 shares during the last quarter. Callahan Advisors LLC grew its holdings in shares of USA Truck by 13.8% during the second quarter. Callahan Advisors LLC now owns 29,596 shares of the transportation company’s stock valued at $299,000 after buying an additional 3,600 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of USA Truck by 21.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 35,260 shares of the transportation company’s stock valued at $356,000 after buying an additional 6,300 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of USA Truck by 57.7% during the second quarter. US Bancorp DE now owns 35,535 shares of the transportation company’s stock valued at $359,000 after buying an additional 13,000 shares during the last quarter. 72.66% of the stock is currently owned by hedge funds and other institutional investors.
In other USA Truck news, Director Robert E. Creager purchased 5,721 shares of the stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $8.12 per share, with a total value of $46,454.52. Following the completion of the acquisition, the director now owns 39,663 shares in the company, valued at $322,063.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy W. Guin purchased 10,000 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $8.17 per share, for a total transaction of $81,700.00. Following the completion of the acquisition, the executive vice president now owns 52,687 shares of the company’s stock, valued at approximately $430,452.79. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 34,896 shares of company stock worth $289,084. 6.70% of the stock is owned by corporate insiders.
NASDAQ:USAK opened at $7.94 on Friday. USA Truck, Inc. has a one year low of $7.31 and a one year high of $22.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $69.50 million, a price-to-earnings ratio of 5.09 and a beta of 1.42. The firm’s fifty day moving average is $8.53 and its two-hundred day moving average is $10.93.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.22). USA Truck had a net margin of 1.87% and a return on equity of 14.27%. The business had revenue of $133.62 million during the quarter, compared to analysts’ expectations of $138.20 million. As a group, equities research analysts predict that USA Truck, Inc. will post 0.86 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on USAK. ValuEngine raised shares of USA Truck from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Cowen dropped their price objective on shares of USA Truck from $17.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus set a $16.00 price objective on shares of USA Truck and gave the company a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of USA Truck from a “strong sell” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Stephens assumed coverage on shares of USA Truck in a report on Monday, July 1st. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. USA Truck currently has an average rating of “Buy” and an average target price of $20.00.
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.
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