Quantbot Technologies LP purchased a new stake in YRC Worldwide Inc. (NASDAQ:YRCW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,410 shares of the company’s stock, valued at approximately $128,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in YRCW. Alliancebernstein L.P. raised its position in shares of YRC Worldwide by 34.1% in the second quarter. Alliancebernstein L.P. now owns 16,920 shares of the company’s stock valued at $149,000 after buying an additional 4,300 shares during the last quarter. Smith Asset Management Group LP raised its position in YRC Worldwide by 69.0% in the second quarter. Smith Asset Management Group LP now owns 18,130 shares of the company’s stock worth $160,000 after buying an additional 7,400 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in YRC Worldwide during the second quarter worth $161,000. Acrospire Investment Management LLC raised its position in YRC Worldwide by 90.2% in the second quarter. Acrospire Investment Management LLC now owns 19,400 shares of the company’s stock worth $171,000 after buying an additional 9,200 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in YRC Worldwide during the third quarter worth $270,000. Institutional investors and hedge funds own 81.93% of the company’s stock.
Shares of YRC Worldwide Inc. (NASDAQ:YRCW) traded down 0.94% during mid-day trading on Friday, hitting $12.63. The company had a trading volume of 761,415 shares. The firm has a market capitalization of $420.25 million, a PE ratio of 75.18 and a beta of 3.33. The firm has a 50-day moving average price of $11.43 and a 200-day moving average price of $10.66. YRC Worldwide Inc. has a 52 week low of $6.25 and a 52 week high of $17.72.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $0.12. YRC Worldwide had a net margin of 0.12% and a negative return on equity of 9.39%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts forecast that YRC Worldwide Inc. will post $0.87 earnings per share for the current year.
A number of research firms have recently weighed in on YRCW. Zacks Investment Research upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, July 30th. Deutsche Bank AG began coverage on YRC Worldwide in a report on Wednesday, November 2nd. They issued a “hold” rating and a $11.00 target price on the stock. Aegis began coverage on YRC Worldwide in a report on Monday, October 24th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Stephens began coverage on YRC Worldwide in a report on Friday, November 4th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.75.
YRC Worldwide Company Profile
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.