Cornerstone Capital Management Holdings LLC. boosted its stake in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 1,244.5% during the 4th quarter, HoldingsChannel reports. The firm owned 320,000 shares of the transportation company’s stock after buying an additional 296,200 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in YRC Worldwide were worth $4,601,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YRCW. Boston Partners purchased a new position in YRC Worldwide during the fourth quarter valued at $12,879,000. Russell Investments Group Ltd. purchased a new position in YRC Worldwide during the third quarter valued at $6,280,000. Bogle Investment Management L P DE lifted its position in YRC Worldwide by 243.1% during the fourth quarter. Bogle Investment Management L P DE now owns 338,176 shares of the transportation company’s stock valued at $4,862,000 after purchasing an additional 239,605 shares in the last quarter. 1060 Capital LLC lifted its position in shares of YRC Worldwide by 97.8% in the fourth quarter. 1060 Capital LLC now owns 419,064 shares of the transportation company’s stock valued at $6,026,000 after acquiring an additional 207,164 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of YRC Worldwide by 51.8% in the fourth quarter. Two Sigma Investments LP now owns 576,704 shares of the transportation company’s stock valued at $8,293,000 after acquiring an additional 196,724 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.
In other news, insider Scott D. Ware sold 14,000 shares of YRC Worldwide stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $8.61, for a total value of $120,540.00. Following the sale, the insider now directly owns 39,095 shares of the company’s stock, valued at $336,607.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.
YRC Worldwide Inc (NASDAQ YRCW) opened at $9.28 on Friday. YRC Worldwide Inc has a 52-week low of $7.36 and a 52-week high of $17.61. The company has a market capitalization of $328.19, a PE ratio of -26.51 and a beta of 4.19. The company has a debt-to-equity ratio of -2.48, a current ratio of 1.29 and a quick ratio of 1.29.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.31%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. YRC Worldwide’s revenue was up 5.3% on a year-over-year basis. sell-side analysts predict that YRC Worldwide Inc will post 0.91 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Sunday, January 21st. Stifel Nicolaus restated a “buy” rating and issued a $21.00 price objective on shares of YRC Worldwide in a research report on Thursday, January 18th. BidaskClub upgraded YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Stephens restated a “buy” rating and issued a $19.00 price objective on shares of YRC Worldwide in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.00.
ILLEGAL ACTIVITY WARNING: “Cornerstone Capital Management Holdings LLC. Has $4.60 Million Position in YRC Worldwide Inc (YRCW)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/23/cornerstone-capital-management-holdings-llc-has-4-60-million-position-in-yrc-worldwide-inc-yrcw.html.
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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