ClariVest Asset Management LLC cut its stake in shares of YRC Worldwide Inc. (NASDAQ:YRCW) by 59.9% during the second quarter, Holdings Channel reports. The fund owned 58,761 shares of the company’s stock after selling 87,790 shares during the period. ClariVest Asset Management LLC’s holdings in YRC Worldwide were worth $518,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Teachers Advisors Inc. raised its stake in YRC Worldwide by 4.7% in the first quarter. Teachers Advisors Inc. now owns 708,190 shares of the company’s stock valued at $6,600,000 after buying an additional 31,960 shares during the last quarter. JPMorgan Chase & Co. raised its stake in YRC Worldwide by 13.5% in the first quarter. JPMorgan Chase & Co. now owns 950,920 shares of the company’s stock valued at $8,862,000 after buying an additional 112,787 shares during the last quarter. Spark Investment Management LLC bought a new stake in YRC Worldwide during the first quarter valued at about $1,625,000. Bogle Investment Management L P DE raised its stake in YRC Worldwide by 1,105.0% in the first quarter. Bogle Investment Management L P DE now owns 543,012 shares of the company’s stock valued at $5,060,000 after buying an additional 497,947 shares during the last quarter. Finally, Springbok Capital Management LLC raised its stake in YRC Worldwide by 187.6% in the first quarter. Springbok Capital Management LLC now owns 38,824 shares of the company’s stock valued at $362,000 after buying an additional 25,324 shares during the last quarter. 79.03% of the stock is owned by institutional investors and hedge funds.
Shares of YRC Worldwide Inc. (NASDAQ:YRCW) traded down 2.63% during midday trading on Friday, hitting $11.84. The stock had a trading volume of 233,361 shares. The firm has a market cap of $394.04 million, a price-to-earnings ratio of 33.64 and a beta of 2.81. YRC Worldwide Inc. has a 52-week low of $6.25 and a 52-week high of $18.50. The firm’s 50 day moving average price is $11.99 and its 200 day moving average price is $10.20.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.25. YRC Worldwide had a negative return on equity of 10.39% and a net margin of 0.24%. The firm earned $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned $0.80 EPS. YRC Worldwide’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that YRC Worldwide Inc. will post $1.04 earnings per share for the current year.
Several equities research analysts have recently issued reports on YRCW shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $14.00 price objective on shares of YRC Worldwide in a research note on Monday, June 27th. Zacks Investment Research lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Deutsche Bank AG set a $13.00 price objective on YRC Worldwide and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Standpoint Research reaffirmed a “buy” rating on shares of YRC Worldwide in a research note on Wednesday, July 27th.
In related news, insider Darren Hawkins sold 18,896 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $11.59, for a total value of $219,004.64. Following the transaction, the insider now owns 55,382 shares of the company’s stock, valued at $641,877.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin M. Hall sold 2,200 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $11.55, for a total value of $25,410.00. Following the completion of the transaction, the insider now directly owns 23,977 shares in the company, valued at approximately $276,934.35. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.
About YRC Worldwide
YRC Worldwide Inc (YRC Worldwide) is a holding company that, through its subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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