US Xpress Enterprises (NYSE:USX) Trading 14.4% Higher

US Xpress Enterprises Inc (NYSE:USX) shares traded up 14.4% on Monday . The stock traded as high as $3.44 and last traded at $3.41, 327,935 shares traded hands during mid-day trading. A decline of 1% from the average session volume of 330,346 shares. The stock had previously closed at $2.98.

Several equities research analysts have weighed in on the stock. Bank of America restated a “hold” rating and issued a $3.90 price objective (up previously from $3.50) on shares of US Xpress Enterprises in a research report on Tuesday, March 31st. ValuEngine upgraded shares of US Xpress Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Zacks Investment Research upgraded shares of US Xpress Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Stephens upgraded shares of US Xpress Enterprises from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $6.00 to $14.00 in a research report on Monday, January 27th. Finally, Morgan Stanley lowered their price objective on shares of US Xpress Enterprises from $9.00 to $7.00 and set an “overweight” rating for the company in a research report on Monday, March 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.30.

The firm’s 50-day moving average price is $4.15 and its 200 day moving average price is $4.86. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $146.50 million, a price-to-earnings ratio of -42.62 and a beta of 1.47.

US Xpress Enterprises (NYSE:USX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. US Xpress Enterprises had a negative net margin of 0.21% and a positive return on equity of 2.49%. The company had revenue of $449.60 million during the quarter, compared to analysts’ expectations of $431.97 million. During the same quarter in the previous year, the company earned $0.39 EPS. US Xpress Enterprises’s revenue was down 4.2% on a year-over-year basis. As a group, equities research analysts predict that US Xpress Enterprises Inc will post 0.11 EPS for the current fiscal year.

In other US Xpress Enterprises news, insider Robert D. Pischke purchased 14,016 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $5.09 per share, for a total transaction of $71,341.44. 34.85% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of USX. UBS Group AG grew its holdings in US Xpress Enterprises by 46.5% during the fourth quarter. UBS Group AG now owns 24,770 shares of the company’s stock valued at $124,000 after purchasing an additional 7,864 shares during the period. Tranquility Partners LLC grew its holdings in US Xpress Enterprises by 33.6% during the fourth quarter. Tranquility Partners LLC now owns 35,825 shares of the company’s stock valued at $180,000 after purchasing an additional 9,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in US Xpress Enterprises by 36.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 43,690 shares of the company’s stock valued at $220,000 after purchasing an additional 11,718 shares during the period. Millennium Management LLC acquired a new position in US Xpress Enterprises during the third quarter valued at approximately $296,000. Finally, Russell Investments Group Ltd. grew its holdings in US Xpress Enterprises by 111.9% during the fourth quarter. Russell Investments Group Ltd. now owns 60,602 shares of the company’s stock valued at $303,000 after purchasing an additional 32,002 shares during the period. Hedge funds and other institutional investors own 36.14% of the company’s stock.

US Xpress Enterprises Company Profile (NYSE:USX)

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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