YRC Worldwide, Inc. (YRCW) Holdings Trimmed by Quantitative Investment Management LLC
Quantitative Investment Management LLC lessened its stake in shares of YRC Worldwide, Inc. (NASDAQ:YRCW) by 25.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,300 shares of the transportation company’s stock after selling 10,100 shares during the quarter. Quantitative Investment Management LLC owned about 0.09% of YRC Worldwide worth $336,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of YRC Worldwide during the first quarter valued at about $164,000. Russell Investments Group Ltd. purchased a new stake in shares of YRC Worldwide in the first quarter worth about $1,589,000. Bank of New York Mellon Corp lifted its holdings in shares of YRC Worldwide by 13.5% in the first quarter. Bank of New York Mellon Corp now owns 201,058 shares of the transportation company’s stock worth $2,214,000 after buying an additional 23,882 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of YRC Worldwide by 36.3% in the first quarter. Parametric Portfolio Associates LLC now owns 87,872 shares of the transportation company’s stock worth $967,000 after buying an additional 23,390 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of YRC Worldwide by 11.6% in the first quarter. JPMorgan Chase & Co. now owns 1,739,045 shares of the transportation company’s stock worth $19,147,000 after buying an additional 180,327 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.
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YRC Worldwide, Inc. (NASDAQ YRCW) opened at 14.18 on Tuesday. The company’s 50-day moving average price is $12.86 and its 200 day moving average price is $11.28. YRC Worldwide, Inc. has a 52-week low of $7.36 and a 52-week high of $16.97. The stock has a market capitalization of $475.48 million, a PE ratio of 4726.67 and a beta of 3.73.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Equities analysts forecast that YRC Worldwide, Inc. will post $0.68 EPS for the current fiscal year.
YRCW has been the subject of a number of analyst reports. Aegis restated a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a research report on Saturday, September 16th. Zacks Investment Research lowered shares of YRC Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.75.
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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