Landscape Capital Management L.L.C. lifted its holdings in US Xpress Enterprises Inc (NYSE:USX) by 156.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 626,938 shares of the company’s stock after acquiring an additional 382,084 shares during the period. Landscape Capital Management L.L.C.’s holdings in US Xpress Enterprises were worth $3,222,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in USX. BNP Paribas Arbitrage SA boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 4,477 shares during the period. Strs Ohio boosted its stake in shares of US Xpress Enterprises by 7.5% in the second quarter. Strs Ohio now owns 67,300 shares of the company’s stock valued at $345,000 after purchasing an additional 4,700 shares during the period. Virtu Financial LLC purchased a new position in shares of US Xpress Enterprises in the first quarter valued at $71,000. Millennium Management LLC purchased a new position in shares of US Xpress Enterprises in the fourth quarter valued at $83,000. Finally, Cito Capital Group LLC purchased a new position in shares of US Xpress Enterprises in the first quarter valued at $106,000. 34.84% of the stock is owned by institutional investors.
Shares of USX stock traded down $0.25 on Thursday, hitting $3.60. The stock had a trading volume of 6,874 shares, compared to its average volume of 359,723. The stock has a market capitalization of $180.34 million and a price-to-earnings ratio of 2.26. The business has a 50 day simple moving average of $4.73. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.87 and a quick ratio of 0.87. US Xpress Enterprises Inc has a 52-week low of $3.66 and a 52-week high of $16.34.
US Xpress Enterprises (NYSE:USX) last announced its earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.09). US Xpress Enterprises had a net margin of 1.74% and a return on equity of 19.96%. The firm had revenue of $413.86 million during the quarter, compared to analysts’ expectations of $426.58 million. During the same quarter last year, the company posted $0.79 earnings per share. US Xpress Enterprises’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts expect that US Xpress Enterprises Inc will post 0.73 earnings per share for the current year.
Several brokerages have recently weighed in on USX. Bank of America downgraded shares of US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. Morgan Stanley decreased their target price on shares of US Xpress Enterprises from $20.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Stephens downgraded shares of US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.25.
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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