U.S. Xpress Enterprises, Inc. (NYSE:USX) Chairman Max L. Fuller Buys 29,043 Shares of Stock

U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) Chairman Max L. Fuller bought 29,043 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average cost of $3.24 per share, with a total value of $94,099.32. Following the transaction, the chairman now directly owns 1,422,679 shares of the company’s stock, valued at $4,609,479.96. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of U.S. Xpress Enterprises stock opened at $3.14 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a fifty day moving average price of $3.70 and a 200 day moving average price of $5.03. U.S. Xpress Enterprises, Inc. has a 1 year low of $2.54 and a 1 year high of $12.05.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. U.S. Xpress Enterprises had a negative net margin of 0.03% and a positive return on equity of 1.62%. During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts expect that U.S. Xpress Enterprises, Inc. will post 0.34 EPS for the current year.

A number of equities research analysts recently commented on USX shares. Stephens decreased their target price on shares of U.S. Xpress Enterprises from $5.00 to $4.50 in a research report on Friday, April 1st. Zacks Investment Research raised shares of U.S. Xpress Enterprises from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 7th. Finally, JPMorgan Chase & Co. cut shares of U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a research report on Thursday, February 10th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.13.

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in U.S. Xpress Enterprises by 92.5% during the third quarter. Royal Bank of Canada now owns 3,547 shares of the company’s stock valued at $30,000 after buying an additional 1,704 shares during the period. Citigroup Inc. grew its position in U.S. Xpress Enterprises by 241.0% during the third quarter. Citigroup Inc. now owns 5,565 shares of the company’s stock valued at $48,000 after buying an additional 3,933 shares during the period. UBS Group AG grew its position in U.S. Xpress Enterprises by 2,614.4% during the third quarter. UBS Group AG now owns 6,786 shares of the company’s stock valued at $58,000 after buying an additional 6,536 shares during the period. BNP Paribas Arbitrage SA grew its position in U.S. Xpress Enterprises by 63.6% during the third quarter. BNP Paribas Arbitrage SA now owns 7,804 shares of the company’s stock valued at $67,000 after buying an additional 3,033 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new stake in U.S. Xpress Enterprises during the first quarter valued at $36,000. Institutional investors own 34.56% of the company’s stock.

About U.S. Xpress Enterprises (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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