USA Truck, Inc. (NASDAQ:USAK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “

Several other equities research analysts have also recently weighed in on USAK. Cowen and Company reiterated an “outperform” rating and issued a $8.00 target price (down previously from $11.00) on shares of USA Truck in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.13.

Shares of USA Truck (USAK) traded up 0.42% during mid-day trading on Wednesday, reaching $9.63. The company had a trading volume of 81,829 shares. The company’s market capitalization is $77.02 million. USA Truck has a 52-week low of $5.73 and a 52-week high of $20.13. The company’s 50-day moving average price is $7.60 and its 200-day moving average price is $7.92.

USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, May 4th. The transportation company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.45. USA Truck had a negative net margin of 2.57% and a negative return on equity of 16.02%. The company had revenue of $101.70 million during the quarter, compared to the consensus estimate of $108.80 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, analysts forecast that USA Truck will post ($0.32) earnings per share for the current fiscal year.

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In related news, Director Mary Susan Chambers purchased 5,725 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average price of $6.94 per share, with a total value of $39,731.50. Following the completion of the acquisition, the director now directly owns 9,350 shares in the company, valued at approximately $64,889. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Enzor purchased 12,500 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average cost of $6.47 per share, with a total value of $80,875.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 38,415 shares of company stock valued at $244,682. Company insiders own 3.50% of the company’s stock.

Several hedge funds have recently modified their holdings of USAK. Horrell Capital Management Inc. raised its stake in shares of USA Truck by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock worth $242,000 after buying an additional 681 shares in the last quarter. Bank of America Corp DE boosted its position in shares of USA Truck by 436.0% in the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock worth $240,000 after buying an additional 26,469 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of USA Truck by 35.7% in the first quarter. California Public Employees Retirement System now owns 49,043 shares of the transportation company’s stock worth $360,000 after buying an additional 12,900 shares during the last quarter. Boston Partners acquired a new position in shares of USA Truck during the first quarter worth about $1,536,000. Finally, Essex Investment Management Co. LLC boosted its position in shares of USA Truck by 23.3% in the first quarter. Essex Investment Management Co. LLC now owns 108,971 shares of the transportation company’s stock worth $801,000 after buying an additional 20,604 shares during the last quarter. 66.38% of the stock is owned by institutional investors and hedge funds.

USA Truck Company Profile

USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.

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