USA Truck (USAK) : Horrell Capital Management scooped up 218 additional shares in USA Truck during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 27,000 shares of USA Truck which is valued at $483,840.USA Truck makes up approximately 0.30% of Horrell Capital Management’s portfolio.
USA Truck opened for trading at $18.16 and hit $18.79 on the upside on Wednesday, eventually ending the session at $18.7, with a gain of 3.54% or 0.64 points. The heightened volatility saw the trading volume jump to 51,559 shares. Company has a market cap of $182 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in USAK during the most recent quarter. The investment firm sold 36,000 shares of USAK which is valued $645,120.First Quadrant L Pca reduced its stake in USAK by selling 3,100 shares or 63.27% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of USAK which is valued at $32,256.Thomson Horstmann Bryant Inc reduced its stake in USAK by selling 19,355 shares or 9.54% in the most recent quarter. The Hedge Fund company now holds 183,425 shares of USAK which is valued at $3,286,976. USA Truck makes up approx 0.38% of Thomson Horstmann Bryant Inc’s portfolio.Acadian Asset Management boosted its stake in USAK in the latest quarter, The investment management firm added 63,664 additional shares and now holds a total of 294,216 shares of USA Truck which is valued at $5,107,590. USA Truck makes up approx 0.03% of Acadian Asset Management’s portfolio.
On the company’s financial health, USA Truck reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.23. The company had revenue of $118.00 million for the quarter, compared to analysts expectations of $124.66 million. The company’s revenue was down -21.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on USA Truck. USA Truck was Downgraded by Stifel to ” Sell” on Apr 7, 2016. USA Truck was Initiated by Stifel to “Hold” on Mar 23, 2016. Shares were Reiterated by Cowen on Feb 3, 2016 to “Outperform” and Lowered the Price Target to $ 20 from a previous price target of $20.50 .
USA Truck Inc. offers a range of truckload and logistics services to a diversified customer base that spans a variety of industries. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). Trucking segment comprises the Company’s truckload and dedicated freight service offerings. SCS segment consists of the Company’s freight brokerage and rail intermodal service offerings. It transports commodities throughout the continental United States and into and out of portions of Canada. It also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo Texas. The Company’s fleet includes approximately 1987 tractors (including tractors owned by independent contractors). It primarily operates in the United States and also has operations in Mexico and Canada.