Emerald Mutual Fund Advisers Trust Acquires 192,939 Shares of US Xpress Enterprises Inc (USX)

Emerald Mutual Fund Advisers Trust lifted its position in US Xpress Enterprises Inc (NYSE:USX) by 42.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,628 shares of the company’s stock after buying an additional 192,939 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in US Xpress Enterprises were worth $4,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USX. BlackRock Inc. bought a new stake in shares of US Xpress Enterprises in the 3rd quarter valued at $16,540,000. Vanguard Group Inc increased its position in shares of US Xpress Enterprises by 546.4% in the 3rd quarter. Vanguard Group Inc now owns 743,053 shares of the company’s stock valued at $10,254,000 after buying an additional 628,103 shares in the last quarter. Vanguard Group Inc. increased its position in shares of US Xpress Enterprises by 546.4% in the 3rd quarter. Vanguard Group Inc. now owns 743,053 shares of the company’s stock valued at $10,254,000 after buying an additional 628,103 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of US Xpress Enterprises by 44.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,115,260 shares of the company’s stock valued at $6,257,000 after buying an additional 341,410 shares in the last quarter. Finally, B. Riley Financial Inc. bought a new stake in shares of US Xpress Enterprises in the 4th quarter valued at $1,626,000. Institutional investors and hedge funds own 34.25% of the company’s stock.

Shares of NYSE USX opened at $5.79 on Tuesday. The firm has a market capitalization of $279.92 million and a P/E ratio of 3.64. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.86 and a quick ratio of 1.08. US Xpress Enterprises Inc has a 1-year low of $4.83 and a 1-year high of $16.94.

US Xpress Enterprises (NYSE:USX) last announced its earnings results 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). The company had revenue of $415.36 million during the quarter, compared to analyst estimates of $443.32 million. US Xpress Enterprises had a return on equity of 24.13% and a net margin of 1.59%. The firm’s revenue was down 2.4% on a year-over-year basis. Sell-side analysts expect that US Xpress Enterprises Inc will post 1.2 earnings per share for the current year.

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

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About US Xpress Enterprises

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

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