Brant Point Investment Management LLC lowered its stake in US Xpress Enterprises Inc (NYSE:USX) by 24.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 252,383 shares of the company’s stock after selling 80,943 shares during the period. Brant Point Investment Management LLC owned approximately 0.52% of US Xpress Enterprises worth $3,483,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of US Xpress Enterprises during the second quarter valued at approximately $1,341,000. Dean Capital Investments Management LLC purchased a new position in shares of US Xpress Enterprises during the second quarter valued at approximately $545,000. Quantitative Systematic Strategies LLC purchased a new position in shares of US Xpress Enterprises during the second quarter valued at approximately $463,000. Legal & General Group Plc purchased a new position in shares of US Xpress Enterprises during the second quarter valued at approximately $152,000. Finally, Citadel Advisors LLC purchased a new position in shares of US Xpress Enterprises during the second quarter valued at approximately $25,995,000.
Shares of USX opened at $8.23 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. US Xpress Enterprises Inc has a 1 year low of $6.54 and a 1 year high of $16.94.
US Xpress Enterprises (NYSE:USX) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The firm had revenue of $460.23 million for the quarter, compared to analysts’ expectations of $462.27 million. US Xpress Enterprises had a net margin of 1.55% and a return on equity of 43.88%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. On average, equities research analysts forecast that US Xpress Enterprises Inc will post 1.34 earnings per share for the current fiscal year.
USX has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of US Xpress Enterprises from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research downgraded shares of US Xpress Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of US Xpress Enterprises from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Finally, Morgan Stanley upped their price objective on shares of US Xpress Enterprises from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.67.
In related news, Director John C. Rickel purchased 5,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average price of $7.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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US Xpress Enterprises Profile
U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.
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