US Xpress Enterprises Inc (NYSE:USX) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 2,062,600 shares, a growth of 11.7% from the May 30th total of 1,846,700 shares. Currently, 10.1% of the shares of the company are sold short. Based on an average daily trading volume, of 255,300 shares, the short-interest ratio is presently 8.1 days.
USX opened at $4.33 on Tuesday. US Xpress Enterprises has a fifty-two week low of $3.80 and a fifty-two week high of $16.34. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average price of $5.19. The stock has a market capitalization of $209.99 million and a PE ratio of 2.72.
US Xpress Enterprises (NYSE:USX) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). US Xpress Enterprises had a net margin of 1.59% and a return on equity of 24.13%. The firm had revenue of $415.36 million during the quarter, compared to analysts’ expectations of $443.32 million. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts predict that US Xpress Enterprises will post 1.03 earnings per share for the current year.
A number of research analysts recently issued reports on USX shares. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the company a “hold” rating in a research report on Monday, July 1st. Bank of America set a $80.00 target price on shares of Colgate-Palmolive and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.25.
In related news, insider William Eric Fuller sold 85,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.91, for a total transaction of $502,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Rickel bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $5.98 per share, with a total value of $29,900.00. The disclosure for this purchase can be found here. Insiders own 34.85% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cito Capital Group LLC purchased a new position in US Xpress Enterprises during the 1st quarter valued at about $106,000. Emerald Mutual Fund Advisers Trust increased its holdings in US Xpress Enterprises by 42.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 650,628 shares of the company’s stock valued at $4,301,000 after acquiring an additional 192,939 shares in the last quarter. Algert Global LLC purchased a new position in US Xpress Enterprises during the 1st quarter valued at about $224,000. Emerald Advisers LLC increased its holdings in US Xpress Enterprises by 37.1% during the 1st quarter. Emerald Advisers LLC now owns 657,421 shares of the company’s stock valued at $4,346,000 after acquiring an additional 177,855 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in US Xpress Enterprises by 1,533.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock valued at $32,000 after acquiring an additional 4,477 shares in the last quarter. 35.23% of the stock is owned by institutional investors.
US Xpress Enterprises Company Profile
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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