Citadel Advisors LLC Invests $26 Million in US Xpress Enterprises Inc (NYSE:USX)

Citadel Advisors LLC bought a new stake in US Xpress Enterprises Inc (NYSE:USX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,716,978 shares of the company’s stock, valued at approximately $25,995,000. Citadel Advisors LLC owned about 3.56% of US Xpress Enterprises at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of US Xpress Enterprises in the 2nd quarter valued at $152,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $463,000. Dean Capital Investments Management LLC acquired a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $545,000. Sei Investments Co. acquired a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $1,341,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $14,347,000.

USX has been the subject of several research reports. Bank of America initiated coverage on US Xpress Enterprises in a research note on Monday, July 9th. They issued a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They issued an “overweight” rating and a $20.00 price target on the stock. Wells Fargo & Co assumed coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They issued an “outperform” rating and a $21.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of US Xpress Enterprises in a research note on Monday, July 9th. They set an “overweight” rating and a $25.00 price target for the company. Seven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $21.80.

NYSE USX opened at $14.89 on Friday. US Xpress Enterprises Inc has a 52-week low of $12.61 and a 52-week high of $16.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.06 and a quick ratio of 1.06.

US Xpress Enterprises (NYSE:USX) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.45. The company had revenue of $449.80 million for the quarter, compared to the consensus estimate of $446.29 million. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. sell-side analysts expect that US Xpress Enterprises Inc will post 1.39 EPS for the current fiscal year.

In other US Xpress Enterprises news, insider Max L. Fuller purchased 560,940 shares of the stock in a transaction on Friday, June 29th. The stock was acquired at an average cost of $14.60 per share, with a total value of $8,189,724.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Eric Fuller purchased 296,875 shares of the stock in a transaction on Monday, June 18th. The stock was acquired at an average cost of $16.00 per share, with a total value of $4,750,000.00. The disclosure for this purchase can be found here. Insiders acquired 1,008,815 shares of company stock valued at $15,189,424 over the last three months.

US Xpress Enterprises Profile

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in 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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