US Xpress Enterprises Inc (NYSE:USX) Short Interest Update

US Xpress Enterprises Inc (NYSE:USX) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,846,700 shares, an increase of 8.6% from the May 15th total of 1,701,000 shares. Currently, 9.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 257,200 shares, the short-interest ratio is presently 7.2 days.

In other US Xpress Enterprises news, Director John C. Rickel purchased 5,000 shares of US Xpress Enterprises stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $5.98 per share, for a total transaction of $29,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Eric Fuller sold 85,000 shares of US Xpress Enterprises stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $5.91, for a total transaction of $502,350.00. The disclosure for this sale can be found here. Company insiders own 34.85% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in US Xpress Enterprises by 1,533.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock worth $32,000 after purchasing an additional 4,477 shares in the last quarter. Natixis Advisors L.P. raised its holdings in US Xpress Enterprises by 7.6% in the fourth quarter. Natixis Advisors L.P. now owns 73,867 shares of the company’s stock worth $414,000 after purchasing an additional 5,205 shares in the last quarter. Rhumbline Advisers raised its holdings in US Xpress Enterprises by 55.1% in the fourth quarter. Rhumbline Advisers now owns 24,914 shares of the company’s stock worth $140,000 after purchasing an additional 8,846 shares in the last quarter. Virtu Financial LLC bought a new position in US Xpress Enterprises in the first quarter worth about $71,000. Finally, Millennium Management LLC bought a new position in US Xpress Enterprises in the fourth quarter worth about $83,000. 35.23% of the stock is owned by institutional investors.

Shares of USX traded up $0.10 during trading hours on Friday, reaching $4.56. 285,690 shares of the company traded hands, compared to its average volume of 403,026. US Xpress Enterprises has a 12-month low of $3.80 and a 12-month high of $16.34. The stock has a fifty day moving average of $5.10. The stock has a market capitalization of $221.66 million and a price-to-earnings ratio of 2.87. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.81.

US Xpress Enterprises (NYSE:USX) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). US Xpress Enterprises had a return on equity of 24.13% and a net margin of 1.59%. The business had revenue of $415.36 million during the quarter, compared to analysts’ expectations of $443.32 million. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts expect that US Xpress Enterprises will post 0.85 earnings per share for the current year.

Several research analysts have commented on the stock. Bank of America set a $80.00 price objective on shares of Colgate-Palmolive and gave the stock a “buy” rating in a research note on Friday, July 12th. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.25.

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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