The stock of USA Truck, Inc. (NASDAQ:USAK) is a huge mover today! The stock increased 11.83% or $0.92 on November 3, hitting $8.7. About 54,898 shares traded hands or 40.12% up from the average. USA Truck, Inc. (NASDAQ:USAK) has declined 58.37% since April 1, 2016 and is downtrending. It has underperformed by 59.59% the S&P500.
The move comes after 9 months positive chart setup for the $71.55M company. It was reported on Nov, 3 by Barchart.com. We have $11.48 PT which if reached, will make NASDAQ:USAK worth $22.90M more.
USA Truck, Inc. (NASDAQ:USAK) Ratings Coverage
Out of 2 analysts covering USA Truck (NASDAQ:USAK), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. USA Truck has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of USA Truck, Inc. (NASDAQ:USAK) earned “Hold” rating by Stifel Nicolaus on Wednesday, March 23. The rating was downgraded by Stifel Nicolaus to “Sell” on Thursday, April 7. The company was upgraded on Wednesday, August 19 by Zacks. The firm earned “Outperform” rating on Thursday, November 5 by Cowen & Co.
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 0.53 in 2016 Q2. Its down 0.28, from 0.81 in 2016Q1. The ratio dropped, 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.
Walleye Trading Ltd Liability holds 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 5,368 shares. American Group accumulated 0% or 5,148 shares. Alliancebernstein L P has 35,010 shares for 0% of their US portfolio. Credit Suisse Ag last reported 11,762 shares in the company. Oxford Asset Mngmt reported 83,428 shares or 0.06% of all its holdings. Dimensional Fund Advsrs Ltd Partnership holds 802,929 shares or 0.01% of its portfolio. Strs Ohio accumulated 0% or 30,100 shares. Moreover, Northern Trust Corp has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 112,780 shares. Bridgeway Management has invested 0.06% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). Deutsche Retail Bank Ag holds 3,107 shares or 0% of its portfolio. Barclays Pcl, a United Kingdom-based fund reported 5,600 shares. Matarin Cap Management Ltd Liability Corporation accumulated 0% or 32,914 shares. Claar Advsrs Limited Liability Company has invested 2.78% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). Blackrock Inc reported 2,164 shares or 0% of all its holdings. Schwab Charles Investment Mngmt Incorporated has invested 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK).
Insider Transactions: Since May 9, 2016, the stock had 3 buys, and 0 selling transactions for $69,958 net activity. 29 USA Truck, Inc. (NASDAQ:USAK) shares with value of $402 were bought by Faulkenberry Barbara J. 1,000 USA Truck, Inc. (NASDAQ:USAK) shares with value of $20,071 were bought by Chambers Mary Susan. On Monday, June 6 GLASER THOMAS M bought $49,485 worth of the stock or 2,493 shares.
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 Reports Second Quarter 2016 Results” and published on August 03, 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.
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