Morgan Stanley cut its stake in shares of USA Truck, Inc. (NASDAQ:USAK) by 36.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,047 shares of the transportation company’s stock after selling 8,620 shares during the period. Morgan Stanley owned about 0.18% of USA Truck worth $152,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in USA Truck by 26.3% during the second quarter. Russell Investments Group Ltd. now owns 977,000 shares of the transportation company’s stock valued at $9,875,000 after purchasing an additional 203,620 shares in the last quarter. Grace & White Inc. NY lifted its position in shares of USA Truck by 213.6% in the second quarter. Grace & White Inc. NY now owns 271,206 shares of the transportation company’s stock valued at $2,742,000 after acquiring an additional 184,736 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of USA Truck by 16.6% in the second quarter. Acadian Asset Management LLC now owns 196,600 shares of the transportation company’s stock valued at $1,988,000 after acquiring an additional 28,031 shares in the last quarter. Mork Capital Management LLC purchased a new position in shares of USA Truck in the second quarter valued at about $708,000. Finally, Weber Alan W purchased a new position in shares of USA Truck in the second quarter valued at about $506,000. Institutional investors own 73.57% of the company’s stock.
Shares of USA Truck stock opened at $7.41 on Friday. The stock’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $9.64. USA Truck, Inc. has a 52 week low of $6.98 and a 52 week high of $22.38. The company has a market capitalization of $62.15 million, a price-to-earnings ratio of 4.75 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.94.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Friday, November 1st. The transportation company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.16). USA Truck had a net margin of 1.01% and a return on equity of 8.23%. The business had revenue of $130.92 million during the quarter, compared to analysts’ expectations of $127.40 million. On average, equities analysts expect that USA Truck, Inc. will post 0.08 earnings per share for the current year.
USAK has been the topic of several research analyst reports. Stifel Nicolaus set a $16.00 price objective on USA Truck and gave the company a “buy” rating in a research report on Wednesday, July 31st. ValuEngine upgraded USA Truck from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Zacks Investment Research downgraded USA Truck from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 12th. Finally, Cowen lowered their price objective on USA Truck from $17.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.33.
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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