Insider Selling: US Xpress Enterprises Inc (NYSE:USX) Insider Sells $140,800.00 in Stock

US Xpress Enterprises Inc (NYSE:USX) insider Lisa M. Pate sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $7.04, for a total value of $140,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:USX opened at $7.08 on Friday. US Xpress Enterprises Inc has a 52 week low of $2.65 and a 52 week high of $7.63. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $4.92. The firm has a market cap of $349.96 million, a price-to-earnings ratio of -19.14 and a beta of 2.00.

US Xpress Enterprises (NYSE:USX) last announced its earnings results on Thursday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. US Xpress Enterprises had a negative net margin of 1.02% and a negative return on equity of 3.68%. The firm had revenue of $432.57 million for the quarter, compared to analyst estimates of $415.49 million. Sell-side analysts anticipate that US Xpress Enterprises Inc will post -0.14 EPS for the current year.

A number of large investors have recently modified their holdings of USX. SG Americas Securities LLC bought a new stake in US Xpress Enterprises during the first quarter worth about $36,000. Schneider Capital Management Corp bought a new stake in shares of US Xpress Enterprises during the 1st quarter worth approximately $42,000. Royal Bank of Canada lifted its holdings in shares of US Xpress Enterprises by 542.3% during the 1st quarter. Royal Bank of Canada now owns 15,627 shares of the company’s stock worth $52,000 after acquiring an additional 13,194 shares during the period. UBS Group AG boosted its position in shares of US Xpress Enterprises by 46.5% during the 4th quarter. UBS Group AG now owns 24,770 shares of the company’s stock worth $124,000 after acquiring an additional 7,864 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in US Xpress Enterprises by 42.3% in the first quarter. Alliancebernstein L.P. now owns 27,900 shares of the company’s stock valued at $93,000 after acquiring an additional 8,300 shares during the last quarter. 35.74% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on USX. Bank of America reiterated a “hold” rating and set a $3.90 target price (up from $3.50) on shares of US Xpress Enterprises in a research note on Tuesday, March 31st. ValuEngine cut shares of US Xpress Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Zacks Investment Research raised shares of US Xpress Enterprises from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Thursday, June 4th. JPMorgan Chase & Co. downgraded shares of US Xpress Enterprises from an “overweight” rating to a “neutral” rating and set a $7.00 target price for the company. in a report on Thursday, July 9th. Finally, Stifel Nicolaus cut shares of US Xpress Enterprises from a “buy” rating to a “hold” rating and lowered their price target for the company from $7.00 to $5.00 in a report on Friday, May 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.11.

US Xpress Enterprises Company Profile

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

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Insider Buying and Selling by Quarter for US Xpress Enterprises (NYSE:USX)

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