The stock of USA Truck, Inc. (NASDAQ:USAK) is a huge mover today! The stock increased 7.16% or $0.59 on November 29, hitting $8.83. About 387,138 shares traded hands or 448.57% up from the average. USA Truck, Inc. (NASDAQ:USAK) has declined 54.37% since April 26, 2016 and is downtrending. It has underperformed by 59.63% the S&P500.
The move comes after 5 months positive chart setup for the $70.13M company. It was reported on Nov, 29 by Barchart.com. We have $9.27 PT which if reached, will make NASDAQ:USAK worth $3.51 million more.
Analysts await USA Truck, Inc. (NASDAQ:USAK) to report earnings on February, 7.
USA Truck, Inc. (NASDAQ:USAK) Ratings Coverage
Out of 2 analysts covering USA Truck (NASDAQ:USAK), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. USA Truck has been the topic of 5 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Stifel Nicolaus downgraded the shares of USAK in a report on Thursday, April 7 to “Sell” rating. Stifel Nicolaus upgraded it to “Hold” rating and $9 target price in Monday, November 7 report. Cowen & Co maintained USA Truck, Inc. (NASDAQ:USAK) on Thursday, November 5 with “Outperform” rating. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, March 23. The company was upgraded on Wednesday, August 19 by Zacks.
According to Zacks Investment Research, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec.”
Insitutional Activity: The institutional sentiment decreased to 0.41 in Q2 2016. Its down 0.12, from 0.53 in 2016Q1. The ratio dived, as 10 funds sold all USA Truck, Inc. shares owned while 30 reduced positions. 10 funds bought stakes while 11 increased positions. They now own 5.26 million shares or 4.91% less from 5.53 million shares in 2016Q1.
Gsa Cap Llp holds 0.02% or 24,800 shares in its portfolio. D E Shaw has 0% invested in the company for 21,138 shares. Moreover, Geode Cap Management has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 53,905 shares. Moreover, Morgan Stanley has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 2,416 shares. Grace White has 1.32% invested in the company for 335,215 shares. Parametric Portfolio Associate Ltd Limited Liability Company has invested 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). New York State Common Retirement Fund has 0% invested in the company for 14,593 shares. Panagora Asset Management holds 17,976 shares or 0% of its portfolio. Metropolitan Life Insur Co New York holds 7,249 shares or 0% of its portfolio. Wedge Mgmt L L P Nc has 0.01% invested in the company for 13,626 shares. Gru last reported 5,148 shares in the company. The Ontario – Canada-based Bancorp Of Montreal Can has invested 0% in USA Truck, Inc. (NASDAQ:USAK). Blackrock Lc last reported 5,066 shares in the company. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 7,173 shares. Bnp Paribas Arbitrage Sa accumulated 335 shares or 0% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 3 insider buys, and 0 selling transactions for $50,288 net activity. GLASER THOMAS M had bought 2,493 shares worth $49,485. On Monday, August 15 the insider Faulkenberry Barbara J bought $402.
More news for USA Truck, Inc. (NASDAQ:USAK) were recently published by: Wsj.com, which released: “USA Truck Appoints DHL Veteran as CEO” on January 14, 2016. Businesswire.com‘s article titled: “USA Truck Appoints James D. Reed as Chief Financial Officer” and published on October 27, 2016 is yet another important article.
USAK Company Profile
USA Truck, Inc., incorporated on September 29, 1986, is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Firm operates through two divisions: Trucking and Strategic Capacity Solutions (SCS). The Firm transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Firm offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company’s fleet of approximately 1,832 tractors consists of 1,568 firm tractors and 264 independent contractor tractors. The Firm owns approximately 6,200 trailers. The Firm also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.