Ritholtz Wealth Management Makes New Investment in USA Truck, Inc. (NASDAQ:USAK)
Ritholtz Wealth Management purchased a new position in USA Truck, Inc. (NASDAQ:USAK - Get Rating) in the first quarter, HoldingsChannel reports. The institutional investor purchased 11,072 shares of the transportation company's stock, valued at approximately £228,000. Other hedge funds and other institutional investors also recently bought and sold shares of the company.
Denali Advisors LLC purchased a new position in shares of USA Truck during the fourth quarter worth £72,000. LSV Asset Management purchased a new position in shares of USA Truck during the fourth quarter worth £249,000. Compass Financial Advisors LLC purchased a new position in shares of USA Truck during the fourth quarter worth £298,000.
Bailard Inc. raised its holdings in shares of USA Truck by 44.8% during the fourth quarter. Bailard Inc. now owns 15,200 shares of the transportation company's stock worth £302,000 after purchasing an additional 4,700 shares during the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of USA Truck during the fourth quarter worth £385,000.
58.92% of the stock is owned by institutional investors and hedge funds. USAK has been the subject of several recent research reports. StockNews.com raised shares of USA Truck from a "buy" rating to a "strong-buy" rating in a report on Friday, May 6th. Stephens reduced their target price on shares of USA Truck from £27.00 to £25.00 in a report on Friday, April 1st.
Cowen raised their target price on shares of USA Truck from £18.00 to £24.00 and gave the stock a "buy" rating in a report on Monday, May 2nd. Finally, Cowen raised their target price on shares of USA Truck from £18.00 to £24.00 in a report on Monday, May 2nd.USAK opened at £31.40 on Thursday. USA Truck, Inc. has a fifty-two week low of £13.01 and a fifty-two week high of £31.67.
The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.33 and a current ratio of 1.35. The company has a fifty day moving average of £17.25 and a two-hundred day moving average of £19.41. The stock has a market capitalization of £282.85 million, a price-to-earnings ratio of 8.24 and a beta of 1.90.
The transportation company reported £1.48 earnings per share for the quarter, beating analysts' consensus estimates of £0.72 by £0.76. USA Truck had a net margin of 4.55% and a return on equity of 32.98%. The company had revenue of £201.06 million during the quarter.
During the same period in the previous year, the firm posted £0.43 EPS. On average, equities research analysts forecast that USA Truck, Inc. will post 4.55 earnings per share for the current year. USA Truck Company Profile (Get Rating)
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services.
The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services. Featured Stories Want to see what other hedge funds are holding USAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Truck, Inc. (NASDAQ:USAK - Get Rating).
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