Landscape Capital Management L.L.C. Has $3.22 Million Position in US Xpress Enterprises Inc (NYSE:USX)

Landscape Capital Management L.L.C. boosted its holdings in shares of US Xpress Enterprises Inc (NYSE:USX) by 156.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 626,938 shares of the company’s stock after buying an additional 382,084 shares during the period. Landscape Capital Management L.L.C. owned about 1.29% of US Xpress Enterprises worth $3,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of USX. BlackRock Inc. boosted its holdings in US Xpress Enterprises by 6.0% during the fourth quarter. BlackRock Inc. now owns 1,270,816 shares of the company’s stock worth $7,129,000 after buying an additional 72,359 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of US Xpress Enterprises by 51.7% in the fourth quarter. Bank of New York Mellon Corp now owns 77,139 shares of the company’s stock valued at $433,000 after purchasing an additional 26,285 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of US Xpress Enterprises by 31.8% in the fourth quarter. Geode Capital Management LLC now owns 205,563 shares of the company’s stock valued at $1,153,000 after purchasing an additional 49,606 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of US Xpress Enterprises by 92.9% in the fourth quarter. Bank of America Corp DE now owns 60,972 shares of the company’s stock valued at $342,000 after purchasing an additional 29,367 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of US Xpress Enterprises in the fourth quarter valued at about $165,000. Hedge funds and other institutional investors own 34.84% of the company’s stock.

Shares of NYSE USX traded down $0.25 on Thursday, hitting $3.60. The company’s stock had a trading volume of 6,874 shares, compared to its average volume of 359,723. US Xpress Enterprises Inc has a 12-month low of $3.66 and a 12-month high of $16.34. The stock has a market cap of $180.34 million and a P/E ratio of 2.26. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50 day simple moving average of $4.73.

US Xpress Enterprises (NYSE:USX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.09). The firm had revenue of $413.86 million for the quarter, compared to analysts’ expectations of $426.58 million. US Xpress Enterprises had a net margin of 1.74% and a return on equity of 19.96%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. On average, sell-side analysts forecast that US Xpress Enterprises Inc will post 0.73 earnings per share for the current fiscal year.

USX has been the topic of several recent research reports. Stephens downgraded shares of US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a report on Monday, July 1st. Morgan Stanley reduced their price target on shares of US Xpress Enterprises from $20.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Bank of America downgraded shares of US Xpress Enterprises from a “buy” rating to a “neutral” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.25.

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.

Further Reading: What does a hold rating mean?

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Institutional Ownership by Quarter for US Xpress Enterprises (NYSE:USX)

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