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

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 research firms also recently commented on USAK. ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Cowen and Company reiterated a “buy” rating and issued a $8.00 price objective on shares of USA Truck in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.63.

Shares of USA Truck (NASDAQ USAK) traded up 3.25% during trading on Tuesday, hitting $8.59. The stock had a trading volume of 11,057 shares. USA Truck has a 52 week low of $5.73 and a 52 week high of $13.24. The company’s 50 day moving average price is $8.44 and its 200 day moving average price is $7.92. The company’s market capitalization is $68.70 million.

USA Truck (NASDAQ:USAK) last announced its earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.24. USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The business had revenue of $107.40 million during the quarter, compared to analysts’ expectations of $103.75 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. USA Truck’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts predict that USA Truck will post ($0.32) earnings per share for the current year.

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In other news, Director Robert A. Peiser acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average price of $6.39 per share, for a total transaction of $63,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara J. Faulkenberry acquired 6,890 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $5.86 per share, for a total transaction of $40,375.40. Following the purchase, the director now owns 11,144 shares of the company’s stock, valued at approximately $65,303.84. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 38,415 shares of company stock worth $244,682. 3.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Grace & White Inc. NY increased its position in USA Truck by 7.7% in the second quarter. Grace & White Inc. NY now owns 359,450 shares of the transportation company’s stock valued at $3,113,000 after buying an additional 25,635 shares during the last quarter. Boston Partners increased its position in USA Truck by 69.2% in the second quarter. Boston Partners now owns 353,600 shares of the transportation company’s stock valued at $3,062,000 after buying an additional 144,600 shares during the last quarter. Russell Investments Group Ltd. increased its position in USA Truck by 86.5% in the second quarter. Russell Investments Group Ltd. now owns 194,400 shares of the transportation company’s stock valued at $1,684,000 after buying an additional 90,138 shares during the last quarter. Renaissance Technologies LLC increased its position in USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock valued at $1,364,000 after buying an additional 37,300 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in USA Truck by 37.6% in the second quarter. Essex Investment Management Co. LLC now owns 149,901 shares of the transportation company’s stock valued at $1,298,000 after buying an additional 40,930 shares during the last quarter. Institutional investors and hedge funds own 67.12% of the company’s stock.

About USA Truck

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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