Menta Capital LLC acquired a new position in shares of US Xpress Enterprises Inc (NYSE:USX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 29,416 shares of the company’s stock, valued at approximately $165,000.
Several other institutional investors and hedge funds have also bought and sold shares of USX. Meeder Asset Management Inc. acquired a new stake in shares of US Xpress Enterprises in the 4th quarter valued at approximately $48,000. Tower Research Capital LLC TRC acquired a new stake in shares of US Xpress Enterprises in the 3rd quarter valued at approximately $114,000. New York State Common Retirement Fund acquired a new stake in shares of US Xpress Enterprises in the 4th quarter valued at approximately $131,000. Rhumbline Advisers lifted its holdings in shares of US Xpress Enterprises by 55.1% in the 4th quarter. Rhumbline Advisers now owns 24,914 shares of the company’s stock valued at $140,000 after buying an additional 8,846 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of US Xpress Enterprises in the 3rd quarter valued at approximately $142,000. 34.27% of the stock is owned by institutional investors and hedge funds.
In related news, insider William Eric Fuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $8.75, for a total value of $87,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
US Xpress Enterprises (NYSE:USX) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. US Xpress Enterprises had a return on equity of 31.03% and a net margin of 1.38%. The firm had revenue of $469.22 million during the quarter, compared to the consensus estimate of $479.22 million. During the same period last year, the business posted $0.14 EPS. US Xpress Enterprises’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts predict that US Xpress Enterprises Inc will post 1.53 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Menta Capital LLC Invests $165,000 in US Xpress Enterprises Inc (USX) Stock” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/4240740/menta-capital-llc-invests-165000-in-us-xpress-enterprises-inc-usx-stock.html.
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 through 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.
Recommended Story: What is the QQQ ETF?
Want to see what other hedge funds are holding USX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Xpress Enterprises Inc (NYSE:USX).
Receive News & Ratings for US Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.