US Xpress Enterprises Inc (NYSE:USX) Director Acquires $34,200.00 in Stock

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US Xpress Enterprises Inc (NYSE:USX) Director John C. Rickel purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $34,200.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:USX traded up $0.16 during mid-day trading on Tuesday, reaching $3.72. 265,102 shares of the stock were exchanged, compared to its average volume of 318,255. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.06. The company has a market cap of $174.26 million and a P/E ratio of 2.34. US Xpress Enterprises Inc has a one year low of $3.37 and a one year high of $16.34. The stock’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $6.22.

US Xpress Enterprises (NYSE:USX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.09). The firm had revenue of $413.86 million for the quarter, compared to the consensus estimate of $426.58 million. US Xpress Enterprises had a return on equity of 19.96% and a net margin of 1.74%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. Analysts anticipate that US Xpress Enterprises Inc will post 0.49 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of USX. BNP Paribas Arbitrage SA grew its stake in US Xpress Enterprises by 1,533.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock valued at $32,000 after purchasing an additional 4,477 shares in the last quarter. Virtu Financial LLC bought a new position in shares of US Xpress Enterprises during the 1st quarter worth approximately $71,000. Public Employees Retirement System of Ohio bought a new position in shares of US Xpress Enterprises during the 2nd quarter worth approximately $77,000. Millennium Management LLC bought a new position in shares of US Xpress Enterprises during the 4th quarter worth approximately $83,000. Finally, Tranquility Partners LLC bought a new position in shares of US Xpress Enterprises during the 2nd quarter worth approximately $93,000. Institutional investors and hedge funds own 37.11% of the company’s stock.

A number of research firms have recently commented on USX. Bank of America lowered US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. Stephens lowered US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of US Xpress Enterprises in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. US Xpress Enterprises currently has a consensus rating of “Hold” and an average price target of $15.75.

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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