Macquarie Group Ltd. Reduces Stake in USA Truck, Inc. (USAK)

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Macquarie Group Ltd. lowered its stake in shares of USA Truck, Inc. (NASDAQ:USAK) by 67.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,828 shares of the transportation company’s stock after selling 13,952 shares during the period. Macquarie Group Ltd. owned approximately 0.08% of USA Truck worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of USA Truck by 60.2% during the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 3,508 shares during the period. Rhumbline Advisers acquired a new stake in shares of USA Truck in the 4th quarter worth about $153,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of USA Truck in the 3rd quarter worth about $249,000. Prudential Financial Inc. acquired a new stake in shares of USA Truck in the 3rd quarter worth about $357,000. Finally, Monarch Partners Asset Management LLC raised its holdings in shares of USA Truck by 49.2% in the 4th quarter. Monarch Partners Asset Management LLC now owns 23,644 shares of the transportation company’s stock worth $354,000 after acquiring an additional 7,794 shares during the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.

USAK opened at $15.74 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.72. USA Truck, Inc. has a fifty-two week low of $13.82 and a fifty-two week high of $29.15. The stock has a market capitalization of $131.51 million, a P/E ratio of 10.09 and a beta of 1.60.

USA Truck (NASDAQ:USAK) last posted its earnings results on Monday, February 4th. The transportation company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. USA Truck had a net margin of 2.29% and a return on equity of 17.63%. The company had revenue of $141.08 million for the quarter, compared to analyst estimates of $150.40 million. Equities analysts forecast that USA Truck, Inc. will post 2.02 EPS for the current fiscal year.

A number of research firms recently weighed in on USAK. Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Friday, April 12th. ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. USA Truck has a consensus rating of “Buy” and a consensus price target of $27.75.

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About USA Truck

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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Institutional Ownership by Quarter for USA Truck (NASDAQ:USAK)

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