Could USA Truck, Inc. (USAK) Lose its Strength? The Stock Reaches 52-Week High

September 17, 2017 - By Ellis Scott

Investors sentiment increased to 2.06 in Q4 2016. Its up 1.65, from 0.41 in 2016Q3. It increased, as 5 investors sold USA Truck, Inc. shares while 13 reduced holdings. 16 funds opened positions while 21 raised stakes. 4.70 million shares or 0.13% less from 4.71 million shares in 2016Q3 were reported.
Vanguard Gru has invested 0% in USA Truck, Inc. (NASDAQ:USAK). Bnp Paribas Arbitrage accumulated 601 shares or 0% of the stock. D E Shaw holds 0% or 56,317 shares. Jpmorgan Chase And Co owns 877,046 shares. National Bank Of Ny Mellon holds 0% or 40,826 shares. Blackrock Ltd Liability Corporation has invested 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). Meeder Asset Management accumulated 420 shares. Geode Cap Mngmt Limited Liability has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 55,805 shares. Deutsche Bancorp Ag owns 18,653 shares. Blackrock Institutional Trust Company Na holds 0% or 355,492 shares. Blackrock Inc invested 0% in USA Truck, Inc. (NASDAQ:USAK). Invesco Ltd accumulated 21,033 shares. 323 are held by Manufacturers Life Insurance Company The. Schwab Charles Investment Management Incorporated holds 14,200 shares. Dimensional Fund Advsr Lp stated it has 710,675 shares.

Since May 10, 2017, it had 7 buys, and 0 insider sales for $282,665 activity. PEISER ROBERT A bought 10,000 shares worth $63,900. Another trade for 6,585 shares valued at $39,932 was made by Creager Robert E. on Monday, May 15. Another trade for 6,890 shares valued at $40,397 was made by Faulkenberry Barbara J on Friday, May 12. GLASER THOMAS M also bought $19,800 worth of USA Truck, Inc. (NASDAQ:USAK) shares. Shares for $39,732 were bought by Chambers Mary Susan on Wednesday, May 24.

The stock of USA Truck, Inc. (NASDAQ:USAK) hit a new 52-week high and has $13.12 target or 8.00 % above today’s $12.15 share price. The 9 months bullish chart indicates low risk for the $100.81 million company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $13.12 price target is reached, the company will be worth $8.06M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.97% or $0.35 on September 15, reaching $12.15. About 124,660 shares traded or 42.76% up from the average. USA Truck, Inc. (NASDAQ:USAK) has declined 68.51% since September 17, 2016 and is downtrending. It has underperformed by 85.21% the S&P500.

Analysts await USA Truck, Inc. (NASDAQ:USAK) to report earnings on November, 3. They expect $-0.07 earnings per share, up 22.22 % or $0.02 from last year’s $-0.09 per share. After $-0.34 actual earnings per share reported by USA Truck, Inc. for the previous quarter, Wall Street now forecasts -79.41 % EPS growth.

USA Truck, Inc. (NASDAQ:USAK) Ratings Coverage

Among 3 analysts covering USA Truck (NASDAQ:USAK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. USA Truck had 10 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of USA Truck, Inc. (NASDAQ:USAK) earned “Mkt Perform” rating by Avondale on Wednesday, February 8. The stock of USA Truck, Inc. (NASDAQ:USAK) has “Hold” rating given on Wednesday, August 19 by Zacks. The stock has “Buy” rating by Cowen & Co on Friday, August 4. On Wednesday, March 23 the stock rating was initiated by Stifel Nicolaus with “Hold”. The firm has “Buy” rating given on Monday, July 10 by Cowen & Co. On Thursday, April 7 the stock rating was downgraded by Stifel Nicolaus to “Sell”. The firm has “Hold” rating given on Wednesday, August 2 by Stifel Nicolaus. Cowen & Co maintained USA Truck, Inc. (NASDAQ:USAK) rating on Thursday, November 5. Cowen & Co has “Outperform” rating and $23.50 target. As per Thursday, September 7, the company rating was maintained by Cowen & Co. The firm has “Hold” rating by Stifel Nicolaus given on Monday, November 7.

More recent USA Truck, Inc. (NASDAQ:USAK) news were published by: Seekingalpha.com which released: “USA Truck’s (USAK) CEO James Reed on Q2 2017 Results – Earnings Call Transcript” on August 06, 2017. Also Seekingalpha.com published the news titled: “Insiders Keep On Truckin'” on May 23, 2017. Businesswire.com‘s news article titled: “USA Truck to Participate in Cowen and Company 10” with publication date: August 28, 2017 was also an interesting one.

USA Truck, Inc. 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 company has market cap of $100.81 million. The Firm operates through two divisions: Trucking and Strategic Capacity Solutions . It currently has negative earnings. The Trucking segment consists of truckload and dedicated freight services.

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