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.
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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