First Citizens Bank & Trust Co. Acquires New Stake in US Xpress Enterprises Inc (USX)

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First Citizens Bank & Trust Co. acquired a new stake in shares of US Xpress Enterprises Inc (NYSE:USX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,369 shares of the company’s stock, valued at approximately $221,000. First Citizens Bank & Trust Co. owned about 0.07% of US Xpress Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Zimmer Partners LP increased its position in US Xpress Enterprises by 10.2% during the fourth quarter. Zimmer Partners LP now owns 2,774,593 shares of the company’s stock valued at $15,565,000 after acquiring an additional 255,975 shares during the last quarter. BlackRock Inc. grew its holdings in US Xpress Enterprises by 6.0% during the fourth quarter. BlackRock Inc. now owns 1,270,816 shares of the company’s stock valued at $7,129,000 after purchasing an additional 72,359 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in US Xpress Enterprises by 44.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,115,260 shares of the company’s stock valued at $6,257,000 after purchasing an additional 341,410 shares during the period. Vanguard Group Inc grew its holdings in US Xpress Enterprises by 546.4% during the third quarter. Vanguard Group Inc now owns 743,053 shares of the company’s stock valued at $10,254,000 after purchasing an additional 628,103 shares during the period. Finally, Vanguard Group Inc. grew its holdings in US Xpress Enterprises by 546.4% during the third quarter. Vanguard Group Inc. now owns 743,053 shares of the company’s stock valued at $10,254,000 after purchasing an additional 628,103 shares during the period. Institutional investors own 34.17% of the company’s stock.

In other US Xpress Enterprises news, insider William Eric Fuller sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $8.75, for a total transaction of $87,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 34.85% of the company’s stock.

NYSE:USX opened at $7.15 on Thursday. US Xpress Enterprises Inc has a 52-week low of $4.83 and a 52-week high of $16.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $340.87 million and a price-to-earnings ratio of 4.50.

US Xpress Enterprises (NYSE:USX) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $469.22 million during the quarter, compared to analyst estimates of $479.22 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. US Xpress Enterprises’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts predict that US Xpress Enterprises Inc will post 1.34 EPS for the current year.

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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 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.

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Institutional Ownership by Quarter for US Xpress Enterprises (NYSE:USX)

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