Royce & Associates LP Sells 570,000 Shares of U.S. Xpress Enterprises, Inc. (NYSE:USX)

Royce & Associates LP cut its stake in U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) by 39.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 864,993 shares of the company’s stock after selling 570,000 shares during the period. Royce & Associates LP owned approximately 1.71% of U.S. Xpress Enterprises worth $3,356,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new stake in U.S. Xpress Enterprises in the 1st quarter valued at $36,000. First Quadrant LLC CA bought a new stake in U.S. Xpress Enterprises in the 1st quarter valued at $38,000. Allspring Global Investments Holdings LLC bought a new stake in U.S. Xpress Enterprises in the 4th quarter valued at $70,000. Silverleafe Capital Partners LLC bought a new stake in U.S. Xpress Enterprises in the 1st quarter valued at $78,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in U.S. Xpress Enterprises in the 4th quarter valued at $130,000. 34.56% of the stock is owned by institutional investors.

U.S. Xpress Enterprises Price Performance

Shares of U.S. Xpress Enterprises stock opened at $2.89 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Xpress Enterprises, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $9.40. The firm has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $3.57. The company has a market cap of $147.78 million, a PE ratio of -289.00, a price-to-earnings-growth ratio of 0.22 and a beta of 1.69.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $517.19 million during the quarter, compared to the consensus estimate of $521.96 million. U.S. Xpress Enterprises had a negative net margin of 0.03% and a positive return on equity of 1.63%. During the same period last year, the firm earned $0.05 EPS. Analysts expect that U.S. Xpress Enterprises, Inc. will post 0.3 EPS for the current year.

Insider Transactions at U.S. Xpress Enterprises

In other news, EVP Nathan H. Harwell sold 10,097 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $3.12, for a total transaction of $31,502.64. Following the completion of the transaction, the executive vice president now directly owns 71,820 shares of the company’s stock, valued at approximately $224,078.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Nathan H. Harwell sold 10,097 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $3.12, for a total transaction of $31,502.64. Following the completion of the transaction, the executive vice president now directly owns 71,820 shares of the company’s stock, valued at approximately $224,078.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Max L. Fuller bought 154,803 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were purchased at an average price of $3.20 per share, with a total value of $495,369.60. Following the transaction, the chairman now directly owns 1,577,482 shares in the company, valued at $5,047,942.40. The disclosure for this purchase can be found here. In the last three months, insiders acquired 285,620 shares of company stock valued at $879,735. Company insiders own 31.94% of the company’s stock.

About U.S. Xpress Enterprises

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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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Institutional Ownership by Quarter for U.S. Xpress Enterprises (NYSE:USX)

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