USA Truck (NASDAQ:USAK) Raised to Strong-Buy at StockNews.com
StockNews.com upgraded shares of USA Truck (NASDAQ:USAK - Get Rating) from a buy rating to a strong-buy rating in a research note released on Monday morning. Several other analysts have also recently weighed in on the stock. Cowen increased their price target on shares of USA Truck from £18.00 to £24.00 in a research note on Monday, May 2nd.
Cowen upped their price objective on shares of USA Truck from £18.00 to £24.00 and gave the stock a buy rating in a report on Monday, May 2nd.
USA Truck Stock Performance
USA Truck stock opened at £31.16 on Monday. The firm has a 50 day simple moving average of £23.95 and a 200-day simple moving average of £21.30. USA Truck has a 1-year low of £26.02 and a 1-year high of £58.18.
The company has a debt-to-equity ratio of 1.02, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market cap of £280.69 million, a price-to-earnings ratio of 8.18 and a beta of 1.08.
Hedge Funds Weigh In On USA TruckSeveral large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in USA Truck by 11.8% during the 1st quarter.
Assenagon Asset Management S.A. now owns 191,342 shares of the transportation company's stock worth £3,942,000 after buying an additional 20,229 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in USA Truck by 37.5% during the 4th quarter. Acadian Asset Management LLC now owns 214,485 shares of the transportation company's stock worth £4,262,000 after buying an additional 58,461 shares in the last quarter.
BNP Paribas Arbitrage SA acquired a new stake in USA Truck during the 4th quarter worth approximately £385,000. Hillsdale Investment Management Inc. lifted its holdings in USA Truck by 14.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 261,857 shares of the transportation company's stock worth £5,206,000 after buying an additional 32,250 shares in the last quarter.
Finally, Compass Financial Advisors LLC acquired a new stake in USA Truck during the 4th quarter worth approximately £298,000.
58.92% of the stock is currently owned by institutional investors and hedge funds.
USA Truck Company Profile
(Get Rating) USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics.
The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services.
The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.
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