Top 5 Stocks Activist Investors Are Targeting

2. US Xpress Enterprises Inc (NYSE:USX)

Our top two picks in the list of top 5 stocks activist investors are targeting are new additions to funds’ portfolios. In US Xpress Enterprises Inc (NYSE:USX), Mario Gabelli’s GAMCO Investors reported ownership of 2.13 million shares, representing 5.89% of the company. Founded in 1986, US Xpress Enterprises Inc (NYSE:USX) provides truckload carrier services and freight brokerage services. GAMCO invested in US Xpress Enterprises as the company announced reaching an agreement to be acquired by Knight-Swift Transportation Holdings Inc (NYSE:KNX) for a total enterprise value of around $808 million. The stock nearly quadrupled on the back of the announcement made on March 21. Shareholders of US Xpress Enterprises Inc (NYSE:USX) are expected to receive $6.15 per share as part of the deal. The acquisition is subject to regulatory approval and approval of US Xpress Enterprises Inc (NYSE:USX).