Walleye Capital LLC Makes New Investment in U.S. Xpress Enterprises, Inc. (NYSE:USX)

Walleye Capital LLC acquired a new position in shares of U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 67,976 shares of the company’s stock, valued at approximately $182,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of U.S. Xpress Enterprises by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,326,324 shares of the company’s stock worth $5,146,000 after acquiring an additional 74,626 shares in the last quarter. Becker Capital Management Inc. grew its stake in shares of U.S. Xpress Enterprises by 0.8% in the 2nd quarter. Becker Capital Management Inc. now owns 875,427 shares of the company’s stock worth $2,346,000 after acquiring an additional 6,759 shares in the last quarter. Truist Financial Corp grew its stake in shares of U.S. Xpress Enterprises by 232.0% in the 2nd quarter. Truist Financial Corp now owns 815,312 shares of the company’s stock worth $2,185,000 after acquiring an additional 569,712 shares in the last quarter. Twenty Acre Capital LP bought a new stake in shares of U.S. Xpress Enterprises in the 1st quarter worth $3,017,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of U.S. Xpress Enterprises in the 1st quarter worth $2,232,000. Institutional investors and hedge funds own 67.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wolfe Research upgraded shares of U.S. Xpress Enterprises from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 4th. Morgan Stanley reduced their price target on shares of U.S. Xpress Enterprises from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th.

U.S. Xpress Enterprises Price Performance

USX opened at $2.04 on Friday. The firm has a market cap of $105.00 million, a P/E ratio of -3.09 and a beta of 1.54. The firm has a 50-day moving average of $2.38 and a 200 day moving average of $2.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.75 and a current ratio of 0.75. U.S. Xpress Enterprises, Inc. has a fifty-two week low of $1.87 and a fifty-two week high of $9.11.

About U.S. Xpress Enterprises

(Get Rating)

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 over-the-road trucking and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

Featured Articles

Want to see what other hedge funds are holding USX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating).

Institutional Ownership by Quarter for U.S. Xpress Enterprises (NYSE:USX)

Receive News & Ratings for U.S. Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.