Gamco Investors INC. ET AL Trims Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Gamco Investors INC. ET AL cut its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.5% in the first quarter, HoldingsChannel.com reports. The firm owned 66,052 shares of the company’s stock after selling 3,094 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Rush Enterprises were worth $3,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Rush Enterprises by 352.2% during the first quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 405 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Rush Enterprises by 70.3% during the first quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Rush Enterprises during the fourth quarter valued at $43,000. Future Financial Wealth Managment LLC purchased a new position in Rush Enterprises during the first quarter valued at $54,000. Finally, Clear Street Markets LLC purchased a new position in Rush Enterprises during the fourth quarter valued at $100,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens started coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They set an “overweight” rating for the company.

Rush Enterprises Price Performance

RUSHA stock traded up $1.53 during trading on Friday, hitting $49.50. 529,273 shares of the company’s stock traded hands, compared to its average volume of 344,447. Rush Enterprises, Inc. has a 52 week low of $34.68 and a 52 week high of $53.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. The business has a fifty day simple moving average of $44.18 and a 200 day simple moving average of $46.36. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 2.18 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The business had revenue of $1.87 billion during the quarter. During the same quarter last year, the business earned $1.07 EPS. As a group, research analysts expect that Rush Enterprises, Inc. will post 3 EPS for the current fiscal year.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.