UBS Asset Management Americas Inc. Decreases Position in YRC Worldwide, Inc. (YRCW)
UBS Asset Management Americas Inc. reduced its position in YRC Worldwide, Inc. (NASDAQ:YRCW) by 47.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,636 shares of the transportation company’s stock after selling 18,600 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of YRC Worldwide worth $274,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Putnam Investments LLC purchased a new stake in shares of YRC Worldwide during the fourth quarter worth about $5,349,000. Numeric Investors LLC purchased a new stake in shares of YRC Worldwide during the fourth quarter worth about $5,616,000. Boothbay Fund Management LLC purchased a new stake in shares of YRC Worldwide during the fourth quarter worth about $161,000. Guggenheim Capital LLC purchased a new stake in shares of YRC Worldwide during the fourth quarter worth about $252,000. Finally, Bogle Investment Management L P DE raised its stake in shares of YRC Worldwide by 550.3% in the fourth quarter. Bogle Investment Management L P DE now owns 232,147 shares of the transportation company’s stock worth $3,082,000 after buying an additional 196,450 shares in the last quarter. 85.18% of the stock is currently owned by hedge funds and other institutional investors.
YRC Worldwide, Inc. (NASDAQ:YRCW) traded down 0.10% during midday trading on Friday, reaching $10.35. The company’s stock had a trading volume of 713,983 shares. The firm has a market cap of $347.04 million, a price-to-earnings ratio of 42.77 and a beta of 3.74. The company has a 50 day moving average price of $9.47 and a 200 day moving average price of $12.01. YRC Worldwide, Inc. has a 1-year low of $7.36 and a 1-year high of $16.97.
A number of brokerages have recently issued reports on YRCW. Deutsche Bank AG lowered their price target on YRC Worldwide from $18.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, May 8th. Zacks Investment Research downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Finally, Stifel Nicolaus reiterated a “positive” rating and set a $18.00 price objective on shares of YRC Worldwide in a research report on Monday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.75.
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.
Receive News & Stock Ratings for YRC Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide Inc. and related stocks with our FREE daily email newsletter.