Virtu Financial LLC bought a new position in YRC Worldwide Inc. (NASDAQ:YRCW) in the fourth quarter, Holdings Channel.com reports. The firm bought 87,453 shares of the transportation company’s stock, valued at approximately $387,000.
A number of other hedge funds have also recently modified their holdings of the stock. Northern Trust Corp raised its stake in YRC Worldwide by 11.8% in the 4th quarter. Northern Trust Corp now owns 92,248 shares of the transportation company’s stock worth $409,000 after acquiring an additional 9,743 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new position in YRC Worldwide in the 1st quarter worth $77,000. Cubist Systematic Strategies LLC purchased a new position in YRC Worldwide in the 3rd quarter worth $52,000. Squarepoint Ops LLC raised its stake in YRC Worldwide by 14.5% in the 4th quarter. Squarepoint Ops LLC now owns 138,034 shares of the transportation company’s stock worth $611,000 after acquiring an additional 17,512 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in YRC Worldwide during the 4th quarter worth about $83,000. Institutional investors own 31.06% of the company’s stock.
Shares of YRCW opened at $9.03 on Thursday. The business’s 50-day moving average is $7.33 and its two-hundred day moving average is $5.50. The company has a market capitalization of $481.13 million, a P/E ratio of -4.73 and a beta of 3.32. YRC Worldwide Inc. has a fifty-two week low of $1.29 and a fifty-two week high of $6.56.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, February 4th. The transportation company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.23). As a group, analysts predict that YRC Worldwide Inc. will post -1.65 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th.
YRC Worldwide Company Profile
YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited, time-specific delivery, cross-border, coast-to-coast air delivery, product return, temperature-sensitive shipment protection, and government material shipment.
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