USA Truck, Inc. (NASDAQ:USAK) Holdings Boosted by Assenagon Asset Management SA


Assenagon Asset Management SA boosted its position in shares of USA Truck, Inc. (NASDAQ:USAK – Get Rating) by 11.8% during the 1st quarter, HoldingsChannel reports. The firm owned 191,342 shares of the transportation company’s stock after buying an additional 20,229 shares during the quarter. Assenagon Asset Management SA’s holdings in USA Truck were worth $3,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USAK. Acadian Asset Management LLC increased its stake in shares of USA Truck by 37.5% during the 4th quarter. Acadian Asset Management LLC now owns 214,485 shares of the transportation company’s stock valued at $4,262,000 after buying an additional 58,461 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of USA Truck during the 4th quarter valued at $385,000. Hillsdale Investment Management Inc. increased its stake in shares of USA Truck by 14.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 261,857 shares of the transportation company’s stock valued at $5,206,000 after buying an additional 32,250 shares during the period. Compass Financial Advisors LLC acquired a new stake in shares of USA Truck during the 4th quarter valued at $298,000. Finally, LSV Asset Management acquired a new stake in shares of USA Truck during the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 58.92% of the company’s stock.

A number of equities research analysts have issued reports on USAK shares. Cowen lifted their target price on shares of USA Truck from $18.00 to $24.00 in a research note on Monday, May 2nd. Cowen lifted their target price on shares of USA Truck from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. StockNews.com lowered shares of USA Truck from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Stephens reduced their price objective on shares of USA Truck from $27.00 to $25.00 in a research note on Friday, April 1st.

USAK stock opened at $31.09 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 1.02. USA Truck, Inc. has a 1 year low of $13.01 and a 1 year high of $31.67. The company has a fifty day simple moving average of $19.71 and a 200 day simple moving average of $20.12. The firm has a market cap of $280.06 million, a PE ratio of 8.16 and a beta of 1.16.

USA Truck (NASDAQ:USAK – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.76. USA Truck had a net margin of 4.55% and a return on equity of 32.98%. The business had revenue of $201.06 million during the quarter. During the same period in the previous year, the firm posted $0.43 EPS. As a group, analysts forecast that USA Truck, Inc. will post 4.55 EPS for the current fiscal year.

About USA Truck (GetRating)

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

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



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