YRC Worldwide Target of Unusually Large Options Trading (YRCW)

YRC Worldwide Inc (NASDAQ:YRCW) saw unusually large options trading activity on Thursday. Stock traders purchased 4,418 call options on the stock. This is an increase of 2,177% compared to the average daily volume of 194 call options.

Shares of YRC Worldwide (NASDAQ YRCW) opened at $14.24 on Friday. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $16.97. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26.

YRCW has been the subject of a number of research reports. Zacks Investment Research downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Aegis reiterated a “buy” rating and set a $20.00 target price on shares of YRC Worldwide in a research report on Saturday, September 16th. BidaskClub upgraded YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $18.00 target price (down from $19.00) on shares of YRC Worldwide in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.00.

In other YRC Worldwide news, Director William Robert Davidson sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $13.40, for a total value of $52,541.40. Following the completion of the transaction, the director now directly owns 30,195 shares in the company, valued at approximately $404,613. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin M. Hall purchased 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $11.09 per share, with a total value of $55,450.00. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its stake in YRC Worldwide by 230.3% in the third quarter. GSA Capital Partners LLP now owns 79,294 shares of the transportation company’s stock worth $1,094,000 after purchasing an additional 55,284 shares during the period. Algert Global LLC increased its stake in YRC Worldwide by 88.7% in the third quarter. Algert Global LLC now owns 220,818 shares of the transportation company’s stock worth $3,047,000 after purchasing an additional 103,804 shares during the period. California Public Employees Retirement System increased its stake in YRC Worldwide by 7.2% in the third quarter. California Public Employees Retirement System now owns 143,892 shares of the transportation company’s stock worth $1,986,000 after purchasing an additional 9,692 shares during the period. Highbridge Capital Management LLC purchased a new stake in YRC Worldwide in the third quarter worth $958,000. Finally, Jane Street Group LLC purchased a new stake in YRC Worldwide in the third quarter worth $159,000. Institutional investors and hedge funds own 85.45% of the company’s stock.

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YRC Worldwide Company Profile

YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.

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