US Xpress Enterprises (NYSE:USX) Trading Up 8.3%

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US Xpress Enterprises Inc (NYSE:USX) was up 8.3% during mid-day trading on Friday . The company traded as high as $4.77 and last traded at $4.72, approximately 267,000 shares changed hands during mid-day trading. A decline of 13% from the average daily volume of 307,033 shares. The stock had previously closed at $4.36.

A number of analysts have recently issued reports on USX shares. Morgan Stanley reissued an “overweight” rating and issued a $20.00 price target on shares of US Xpress Enterprises in a research report on Thursday, August 15th. Bank of America lowered shares of US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. Stephens lowered shares of US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 1st. Finally, Zacks Investment Research raised shares of US Xpress Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. US Xpress Enterprises currently has a consensus rating of “Hold” and an average target price of $16.67.

The business’s 50-day moving average price is $4.47 and its 200-day moving average price is $5.31. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $213.43 million and a PE ratio of 4.54.

US Xpress Enterprises (NYSE:USX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). The company had revenue of $413.86 million during the quarter, compared to analysts’ expectations of $426.58 million. US Xpress Enterprises had a return on equity of 19.96% and a net margin of 1.74%. US Xpress Enterprises’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, analysts anticipate that US Xpress Enterprises Inc will post 0.42 EPS for the current fiscal year.

In other US Xpress Enterprises news, Director John C. Rickel acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $3.42 per share, with a total value of $34,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Max L. Fuller acquired 71,915 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $4.30 per share, for a total transaction of $309,234.50. The disclosure for this purchase can be found here. Insiders bought 124,177 shares of company stock valued at $513,904 over the last three months. 34.85% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mutual Advisors LLC bought a new position in US Xpress Enterprises during the second quarter valued at approximately $380,000. Zimmer Partners LP raised its position in US Xpress Enterprises by 4.9% during the second quarter. Zimmer Partners LP now owns 2,898,157 shares of the company’s stock valued at $14,897,000 after acquiring an additional 135,189 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in US Xpress Enterprises by 12.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,676,050 shares of the company’s stock valued at $8,615,000 after acquiring an additional 183,811 shares in the last quarter. Cito Capital Group LLC raised its position in US Xpress Enterprises by 37.5% during the second quarter. Cito Capital Group LLC now owns 22,000 shares of the company’s stock valued at $113,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in US Xpress Enterprises by 23.4% during the second quarter. Vanguard Group Inc. now owns 1,135,807 shares of the company’s stock valued at $5,837,000 after acquiring an additional 215,471 shares in the last quarter. 36.18% of the stock is currently owned by hedge funds and other institutional investors.

US Xpress Enterprises Company Profile (NYSE:USX)

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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