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

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. “

USAK has been the topic of a number of other reports. Cowen and Company reissued a “buy” rating and issued a $10.00 target price on shares of USA Truck in a research report on Friday, September 8th. ValuEngine raised shares of USA Truck from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. Finally, Stifel Nicolaus raised shares of USA Truck from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $15.00 in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.75.

USA Truck (USAK) traded up 1.23% on Thursday, reaching $14.04. The company’s stock had a trading volume of 27,328 shares. The firm’s market capitalization is $112.70 million. USA Truck has a 52 week low of $5.73 and a 52 week high of $14.89. The company has a 50 day moving average of $11.69 and a 200 day moving average of $8.59.

USA Truck (NASDAQ:USAK) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.24). USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $103.75 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, analysts forecast that USA Truck will post ($0.96) earnings per share for the current year.

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In other USA Truck news, Director Gary Enzor acquired 7,500 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $8.20 per share, for a total transaction of $61,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason R. Bates acquired 8,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $8.23 per share, with a total value of $69,955.00. Following the purchase, the chief financial officer now owns 33,732 shares in the company, valued at approximately $277,614.36. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,050 shares of company stock valued at $139,967. Corporate insiders own 3.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of USA Truck by 406.1% during the 1st quarter. Russell Investments Group Ltd. now owns 104,262 shares of the transportation company’s stock worth $767,000 after purchasing an additional 83,662 shares in the last quarter. California Public Employees Retirement System increased its position in shares of USA Truck by 35.7% during the 1st quarter. California Public Employees Retirement System now owns 49,043 shares of the transportation company’s stock worth $360,000 after purchasing an additional 12,900 shares in the last quarter. Bank of America Corp DE increased its position in shares of USA Truck by 436.0% during the 1st quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock worth $240,000 after purchasing an additional 26,469 shares in the last quarter. Horrell Capital Management Inc. increased its position in shares of USA Truck by 2.5% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock worth $242,000 after purchasing an additional 681 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of USA Truck by 56.0% during the 2nd quarter. US Bancorp DE now owns 71,412 shares of the transportation company’s stock worth $618,000 after purchasing an additional 25,635 shares in the last quarter. Institutional investors own 52.86% 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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