Truist Financial Corp purchased a new position in shares of U.S. Xpress Enterprises, Inc. (NYSE:USX – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 245,600 shares of the company’s stock, valued at approximately $953,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of U.S. Xpress Enterprises by 14.6% in the 4th quarter. First Trust Advisors LP now owns 40,091 shares of the company’s stock valued at $235,000 after buying an additional 5,098 shares in the last quarter. Cito Capital Group LLC boosted its holdings in shares of U.S. Xpress Enterprises by 42.1% in the 4th quarter. Cito Capital Group LLC now owns 27,000 shares of the company’s stock valued at $158,000 after buying an additional 8,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of U.S. Xpress Enterprises by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 574,466 shares of the company’s stock valued at $3,372,000 after buying an additional 8,114 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of U.S. Xpress Enterprises by 22.0% in the 4th quarter. Stephens Inc. AR now owns 47,074 shares of the company’s stock valued at $276,000 after buying an additional 8,490 shares in the last quarter. Finally, First Quadrant LLC CA acquired a new position in shares of U.S. Xpress Enterprises in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 34.56% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Stephens lowered their target price on shares of U.S. Xpress Enterprises from $5.00 to $4.50 in a report on Friday, April 1st. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $7.13.
U.S. Xpress Enterprises Stock Down 2.3 %
USX stock opened at $3.46 on Friday. The company has a fifty day moving average price of $2.95 and a 200 day moving average price of $3.68. U.S. Xpress Enterprises, Inc. has a 12 month low of $2.13 and a 12 month high of $9.40. The company has a market cap of $176.94 million, a price-to-earnings ratio of -346.00, a price-to-earnings-growth ratio of 0.22 and a beta of 1.56. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.81 and a quick ratio of 0.81.
U.S. Xpress Enterprises (NYSE:USX – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. U.S. Xpress Enterprises had a negative net margin of 0.03% and a positive return on equity of 1.63%. The firm had revenue of $517.19 million during the quarter, compared to the consensus estimate of $521.96 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Sell-side analysts expect that U.S. Xpress Enterprises, Inc. will post 0.31 earnings per share for the current year.
Insider Activity at U.S. Xpress Enterprises
In related news, EVP Nathan H. Harwell sold 10,097 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $3.12, for a total value of $31,502.64. Following the completion of the sale, the executive vice president now owns 71,820 shares in the company, valued at approximately $224,078.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other U.S. Xpress Enterprises news, EVP Nathan H. Harwell sold 10,097 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $3.12, for a total transaction of $31,502.64. Following the completion of the transaction, the executive vice president now owns 71,820 shares in the company, valued at approximately $224,078.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Rickel acquired 25,000 shares of the business’s stock in a transaction on Monday, May 9th. The shares were purchased at an average price of $2.77 per share, with a total value of $69,250.00. Following the transaction, the director now owns 134,124 shares in the company, valued at approximately $371,523.48. The disclosure for this purchase can be found here. Insiders acquired a total of 285,620 shares of company stock worth $879,735 in the last 90 days. 31.94% of the stock is owned by insiders.
About U.S. Xpress Enterprises
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 over-the-road trucking and contract services. The Brokerage segment provides non-asset-based freight brokerage services.
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Source: defenseworld.net
