Mackay Shields LLC Boosts Holdings in USA Truck, Inc. (NASDAQ:USAK)

Mackay Shields LLC increased its holdings in USA Truck, Inc. (NASDAQ:USAK) by 86.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,057 shares of the transportation company’s stock after acquiring an additional 13,957 shares during the period. Mackay Shields LLC owned about 0.36% of USA Truck worth $450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USAK. Wells Fargo & Company MN lifted its stake in USA Truck by 221.1% in the third quarter. Wells Fargo & Company MN now owns 72,578 shares of the transportation company’s stock valued at $1,469,000 after buying an additional 49,972 shares during the period. Prudential Financial Inc. acquired a new stake in shares of USA Truck during the third quarter worth about $357,000. Martingale Asset Management L P raised its position in shares of USA Truck by 184.0% during the third quarter. Martingale Asset Management L P now owns 37,541 shares of the transportation company’s stock worth $760,000 after purchasing an additional 24,321 shares during the period. BlackRock Inc. raised its position in shares of USA Truck by 1.8% during the third quarter. BlackRock Inc. now owns 643,548 shares of the transportation company’s stock worth $13,019,000 after purchasing an additional 11,674 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of USA Truck by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 696,978 shares of the transportation company’s stock worth $14,100,000 after purchasing an additional 7,073 shares during the period. 75.44% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded USA Truck from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.75.

NASDAQ USAK traded up $0.39 during midday trading on Wednesday, hitting $16.02. The company had a trading volume of 93,450 shares, compared to its average volume of 75,343. USA Truck, Inc. has a twelve month low of $13.82 and a twelve month high of $28.36. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a market capitalization of $136.15 million, a PE ratio of 10.27 and a beta of 1.60.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Monday, February 4th. The transportation company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. USA Truck had a return on equity of 17.63% and a net margin of 2.29%. The business had revenue of $141.08 million for the quarter, compared to analyst estimates of $150.40 million. On average, equities analysts expect that USA Truck, Inc. will post 2.02 EPS for the current year.

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USA Truck Company Profile

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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Institutional Ownership by Quarter for USA Truck (NASDAQ:USAK)

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