U.S. Xpress Enterprises, Inc. (NYSE:USX) Short Interest Up 38.3% in April

U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,310,000 shares, a growth of 38.3% from the March 31st total of 1,670,000 shares. Currently, 9.5% of the company’s stock are sold short. Based on an average trading volume of 704,500 shares, the days-to-cover ratio is presently 3.3 days.

A number of equities research analysts have issued reports on USX shares. JPMorgan Chase & Co. cut shares of U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a report on Thursday, February 10th. Stephens reduced their target price on shares of U.S. Xpress Enterprises from $5.00 to $4.50 in a research note on Friday, April 1st. Zacks Investment Research cut shares of U.S. Xpress Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 15th. Finally, Wolfe Research cut shares of U.S. Xpress Enterprises from a “market perform” rating to an “underperform” rating and set a $5.00 target price for the company. in a research note on Thursday, January 6th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $7.13.

In other U.S. Xpress Enterprises news, Chairman Max L. Fuller acquired 147,725 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The stock was purchased at an average cost of $4.02 per share, for a total transaction of $593,854.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric A. Peterson acquired 27,240 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The stock was acquired at an average price of $3.74 per share, with a total value of $101,877.60. The disclosure for this purchase can be found here. Insiders bought 195,243 shares of company stock worth $770,279 over the last ninety days. 30.54% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in U.S. Xpress Enterprises by 92.5% in the third quarter. Royal Bank of Canada now owns 3,547 shares of the company’s stock valued at $30,000 after acquiring an additional 1,704 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in U.S. Xpress Enterprises in the first quarter valued at approximately $36,000. First Quadrant LLC CA bought a new position in U.S. Xpress Enterprises in the first quarter valued at approximately $38,000. Citigroup Inc. boosted its stake in U.S. Xpress Enterprises by 241.0% in the third quarter. Citigroup Inc. now owns 5,565 shares of the company’s stock valued at $48,000 after acquiring an additional 3,933 shares during the last quarter. Finally, UBS Group AG boosted its stake in U.S. Xpress Enterprises by 2,614.4% in the third quarter. UBS Group AG now owns 6,786 shares of the company’s stock valued at $58,000 after acquiring an additional 6,536 shares during the last quarter. 35.81% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE USX traded up $0.03 during mid-day trading on Friday, hitting $3.31. 326,132 shares of the stock were exchanged, compared to its average volume of 1,339,471. The company has a market cap of $167.68 million, a P/E ratio of 15.76, a PEG ratio of 0.18 and a beta of 1.64. The stock’s fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $5.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Xpress Enterprises has a twelve month low of $2.96 and a twelve month high of $12.05.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The firm had revenue of $531.61 million for the quarter, compared to analyst estimates of $517.90 million. U.S. Xpress Enterprises had a return on equity of 2.94% and a net margin of 0.56%. During the same period in the previous year, the business posted $0.15 EPS. As a group, equities research analysts predict that U.S. Xpress Enterprises will post 0.35 earnings per share for the current fiscal year.

U.S. Xpress Enterprises Company Profile (Get Rating)

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 over-the-road trucking and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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