Fox Run Management L.L.C. purchased a new position in shares of YRC Worldwide Inc (NASDAQ:YRCW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,400 shares of the transportation company’s stock, valued at approximately $265,000. Fox Run Management L.L.C. owned 0.05% of YRC Worldwide as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Teachers Advisors LLC lifted its position in YRC Worldwide by 1.0% during the 2nd quarter. Teachers Advisors LLC now owns 62,884 shares of the transportation company’s stock worth $699,000 after acquiring an additional 593 shares during the period. Rhumbline Advisers lifted its position in YRC Worldwide by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 39,456 shares of the transportation company’s stock worth $439,000 after acquiring an additional 850 shares during the period. The Manufacturers Life Insurance Company lifted its position in YRC Worldwide by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock worth $302,000 after acquiring an additional 1,681 shares during the period. Voya Investment Management LLC lifted its position in YRC Worldwide by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after acquiring an additional 2,720 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in YRC Worldwide by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 204,280 shares of the transportation company’s stock worth $2,272,000 after acquiring an additional 3,222 shares during the period. 91.09% of the stock is owned by institutional investors.
A number of analysts have commented on the company. BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday. Seaport Global Securities reissued a “neutral” rating on shares of YRC Worldwide in a report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective on shares of YRC Worldwide in a report on Friday, February 2nd. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, Zacks Investment Research reissued a “buy” rating and issued a $19.00 price objective on shares of YRC Worldwide in a report on Saturday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.
In other YRC Worldwide news, insider Justin M. Hall purchased 5,000 shares of YRC Worldwide stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of $11.09 per share, with a total value of $55,450.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.
YRC Worldwide Inc (NASDAQ YRCW) opened at $9.88 on Tuesday. The stock has a market capitalization of $331.16, a PE ratio of -28.23 and a beta of 3.86. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26. YRC Worldwide Inc has a fifty-two week low of $7.36 and a fifty-two week high of $17.61.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. YRC Worldwide had a negative return on equity of 1.26% and a negative net margin of 0.22%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) EPS. sell-side analysts expect that YRC Worldwide Inc will post 1.3 earnings per share for the current year.
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About YRC Worldwide
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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