Separately, Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.25.
Shares of NYSE:USX opened at $4.32 on Friday. The company has a 50 day moving average price of $5.28. US Xpress Enterprises has a 52 week low of $3.80 and a 52 week high of $16.34. The firm has a market capitalization of $235.76 million and a price-to-earnings ratio of 2.72. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81.
In related news, insider William Eric Fuller sold 85,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. Also, Director John C. Rickel acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $5.98 per share, for a total transaction of $29,900.00. The disclosure for this purchase can be found here. 34.85% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stone Ridge Asset Management LLC acquired a new position in shares of US Xpress Enterprises during the fourth quarter valued at approximately $138,000. BlackRock Inc. boosted its holdings in US Xpress Enterprises by 6.0% during the fourth quarter. BlackRock Inc. now owns 1,270,816 shares of the company’s stock worth $7,129,000 after buying an additional 72,359 shares in the last quarter. Menta Capital LLC bought a new stake in US Xpress Enterprises during the fourth quarter worth approximately $165,000. Natixis Advisors L.P. boosted its holdings in US Xpress Enterprises by 7.6% during the fourth quarter. Natixis Advisors L.P. now owns 73,867 shares of the company’s stock worth $414,000 after buying an additional 5,205 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in US Xpress Enterprises by 51.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,139 shares of the company’s stock worth $433,000 after buying an additional 26,285 shares in the last quarter. Institutional investors and hedge funds own 35.23% of the company’s stock.
About US Xpress Enterprises
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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