Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by EMC Capital Management

EMC Capital Management boosted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 82.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,603 shares of the company's stock after buying an additional 4,345 shares during the quarter. EMC Capital Management's holdings in Rush Enterprises were worth $526,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RUSHA. Quarry LP purchased a new stake in Rush Enterprises in the second quarter worth about $36,000. Blue Trust Inc. raised its holdings in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company's stock valued at $37,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 469 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Rush Enterprises during the third quarter valued at approximately $53,000. Finally, Costello Asset Management INC purchased a new position in Rush Enterprises during the third quarter valued at approximately $58,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rush Enterprises

In related news, CFO Steven L. Keller sold 43,875 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the completion of the transaction, the chief financial officer now directly owns 83,365 shares of the company's stock, valued at $5,308,683.20. This trade represents a 34.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $11,142,372.92. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.53% of the company's stock.

Rush Enterprises Stock Down 2.3 %

RUSHA traded down $1.40 on Monday, hitting $59.36. The company had a trading volume of 416,107 shares, compared to its average volume of 272,236. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The stock has a fifty day moving average price of $58.66 and a 200-day moving average price of $55.02. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.15.

Analysts Set New Price Targets

Separately, Stephens upped their target price on Rush Enterprises from $66.00 to $69.00 and gave the stock an "overweight" rating in a report on Friday, November 1st.

About Rush Enterprises

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.