Tudor Investment Corp Et Al cut its stake in YRC Worldwide Inc (NASDAQ:YRCW) by 35.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,141 shares of the company’s stock after selling 8,277 shares during the period. Tudor Investment Corp Et Al’s holdings in YRC Worldwide were worth $201,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of YRC Worldwide during the third quarter valued at $270,000. Thomson Horstmann & Bryant Inc. acquired a new stake in shares of YRC Worldwide during the third quarter valued at $3,486,000. Chicago Equity Partners LLC boosted its stake in shares of YRC Worldwide by 13.5% in the third quarter. Chicago Equity Partners LLC now owns 272,990 shares of the company’s stock valued at $3,363,000 after buying an additional 32,371 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in shares of YRC Worldwide by 5.7% in the third quarter. Alambic Investment Management L.P. now owns 247,912 shares of the company’s stock valued at $3,054,000 after buying an additional 13,400 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of YRC Worldwide by 19.3% in the third quarter. Wells Fargo & Company MN now owns 44,188 shares of the company’s stock valued at $544,000 after buying an additional 7,158 shares in the last quarter. 87.10% of the stock is currently owned by institutional investors.
Shares of YRC Worldwide Inc (NASDAQ:YRCW) opened at 10.65 on Monday. The company has a 50 day moving average of $12.53 and a 200 day moving average of $12.73. The company has a market cap of $353.80 million, a PE ratio of 16.38 and a beta of 3.33. YRC Worldwide Inc has a 52 week low of $7.91 and a 52 week high of $16.97.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Monday, February 6th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.11. YRC Worldwide had a net margin of 0.46% and a negative return on equity of 5.89%. The firm earned $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned ($0.73) earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect that YRC Worldwide Inc will post $1.12 EPS for the current year.
Several analysts recently weighed in on YRCW shares. Seaport Global Securities reissued a “neutral” rating on shares of YRC Worldwide in a research note on Friday, December 16th. Stifel Nicolaus boosted their price objective on shares of YRC Worldwide from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Finally, Zacks Investment Research cut shares of YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.75.
In other YRC Worldwide news, insider Darren Hawkins sold 7,500 shares of the firm’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $12.50, for a total value of $93,750.00. Following the completion of the transaction, the insider now directly owns 72,044 shares of the company’s stock, valued at approximately $900,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Robert Davidson sold 3,800 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $13.11, for a total transaction of $49,818.00. Following the completion of the transaction, the director now directly owns 22,357 shares of the company’s stock, valued at $293,100.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,531 shares of company stock valued at $418,573. Insiders own 3.30% of the company’s stock.
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.
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