Bank of New York Mellon Corp decreased its stake in USA Truck Inc. (NASDAQ:USAK) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,054 shares of the company’s stock after selling 2,795 shares during the period. Bank of New York Mellon Corp owned 0.47% of USA Truck worth $754,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in USA Truck during the first quarter valued at $629,000. State Street Corp raised its stake in USA Truck by 3.4% in the first quarter. State Street Corp now owns 105,312 shares of the company’s stock valued at $1,985,000 after buying an additional 3,454 shares in the last quarter. Spark Investment Management LLC bought a new stake in USA Truck during the first quarter valued at $278,000. Finally, JPMorgan Chase & Co. raised its stake in USA Truck by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 566,479 shares of the company’s stock valued at $10,673,000 after buying an additional 59,829 shares in the last quarter. 73.74% of the stock is owned by institutional investors and hedge funds.
USA Truck Inc. (NASDAQ:USAK) traded down 2.68% during midday trading on Wednesday, hitting $8.35. The stock had a trading volume of 8,521 shares. The company has a market cap of $72.93 million, a P/E ratio of 23.52 and a beta of 2.00. USA Truck Inc. has a one year low of $8.29 and a one year high of $21.46. The stock’s 50-day moving average is $10.53 and its 200-day moving average is $15.83.
USA Truck (NASDAQ:USAK) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.19 by $0.29. The business had revenue of $109.90 million for the quarter, compared to the consensus estimate of $113.18 million. USA Truck had a net margin of 0.76% and a return on equity of 10.25%. The business’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities analysts predict that USA Truck Inc. will post $0.43 EPS for the current fiscal year.
Several research firms have recently weighed in on USAK. Zacks Investment Research lowered USA Truck from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Cowen and Company reduced their price objective on USA Truck from $26.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th.
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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