T. Rowe Price Investment Manageme recently announced the acquisition of new stake in U.S. Xpress Enterprises Inc. (NYSE:USX). This fresh investment now brings its stake to 7.71% valued currently at $4.98 million. In addition, Twenty Acre Capital LP raised its holdings by 0.16 million to 1.38 million shares. And The Vanguard Group, Inc. has lifted its position by 1.34% or 15120.0 shares – to 1.14 million shares.
With over 0.21 million U.S. Xpress Enterprises Inc. (USX) shares trading Friday and a closing price of $2.06 on the day, the dollar volume was approximately $0.43 million. The shares have shown a negative half year performance of -41.81% and its price on 01/20/23 gained nearly 1.98%. Currently, there are 51.56M common shares owned by the public and among those 27.60M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for USX have a consensus price objective of $2.47. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $2.15. The average price target is 16.6% above its recent price level and an upside to the estimated low will see the stock gain 4.19% over that period. But an upside of 31.33% will see the stock hit the forecast high price target while median target price for the stock is $2.25.
Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 973,532 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 44,330 shares.
The top 3 mutual fund holders in U.S. Xpress Enterprises Inc. are T Rowe Price Small Cap Value Fund, Vanguard Total Stock Market Index, and Aristotle Small Cap Equity Collec. T Rowe Price Small Cap Value Fund owns 1.92 million shares of the company’s stock, all valued at over $3.47 million. The company sold 3400.0 shares recently to bring their total holdings to about 5.37% of the shares outstanding. Aristotle Small Cap Equity Collec now owns shares totaling to 1.28% of the shares outstanding.
However, the script later moved the day high at 2.1500, up 1.98%. The company’s stock has a 5-day price change of -3.74% and -13.81% over the past three months. USX shares are trading 13.81% year to date (YTD), with the 12-month market performance down to -59.21% lower. It has a 12-month low price of $1.46 and touched a high of $5.44 over the same period. USX has an average intraday trading volume of 118.06K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.22%, 2.85%, and -22.48% respectively.
Institutional ownership of U.S. Xpress Enterprises Inc. (NYSE: USX) shares accounts for 46.10% of the company’s 51.56M shares outstanding. Mutual fund holders own 27.28%, while other institutional holders and individual stakeholders account for 45.04% and 17.30% respectively.
It has a market capitalization of $104.01M and a beta (3y monthly) value of 1.83. The earnings-per-share (ttm) stands at -$0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.42% over the week and 8.78% over the month.
Analysts forecast that U.S. Xpress Enterprises Inc. (USX) will achieve an EPS of -$0.09 for the current quarter, $0 for the next quarter and $0.05 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.28 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -43.10%, and 53.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate U.S. Xpress Enterprises Inc. (USX) as a “Hold” at a consensus score of 3.30. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”
Wolfe Research coverage for the U.S. Xpress Enterprises Inc. (USX) stock in a research note released on January 06, 2022 offered a Underperform rating with a price target of $5. Morgan Stanley was of a view on December 02, 2021 that the stock is Equal-Weight, while BofA Securities gave the stock Underperform rating on October 22, 2021, issuing a price target of $8- $9. Raymond James on their part issued Mkt Perform rating on September 10, 2021.
