Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lessened its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,375 shares of the company’s stock after selling 24,745 shares during the quarter. Private Management Group Inc. owned 0.37% of Rush Enterprises worth $16,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Rush Enterprises by 266.1% in the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after buying an additional 469 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Rush Enterprises in the 3rd quarter valued at about $53,000. Costello Asset Management INC purchased a new position in Rush Enterprises during the 3rd quarter valued at about $58,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Rush Enterprises during the third quarter worth about $64,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens increased their price target on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 1st.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $61.05 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.15. The stock has a fifty day moving average of $58.54 and a two-hundred day moving average of $55.23. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.43 and a beta of 1.02.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.