YRC Worldwide, Inc. (YRCW) Shares Bought by Algert Global LLC
Algert Global LLC increased its position in shares of YRC Worldwide, Inc. (NASDAQ:YRCW) by 49.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,014 shares of the transportation company’s stock after buying an additional 38,860 shares during the period. Algert Global LLC’s holdings in YRC Worldwide were worth $1,301,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Deprince Race & Zollo Inc. acquired a new stake in YRC Worldwide during the first quarter worth $143,000. Strs Ohio acquired a new stake in YRC Worldwide during the first quarter worth $164,000. Prudential Financial Inc. acquired a new stake in YRC Worldwide during the first quarter worth $177,000. Aperio Group LLC acquired a new stake in YRC Worldwide during the second quarter worth $193,000. Finally, American International Group Inc. increased its stake in YRC Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after buying an additional 1,327 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.
YRC Worldwide, Inc. (NASDAQ:YRCW) opened at 12.49 on Thursday. YRC Worldwide, Inc. has a 52 week low of $7.36 and a 52 week high of $16.97. The company has a 50-day moving average of $11.94 and a 200-day moving average of $11.41. The company has a market cap of $418.79 million, a PE ratio of 51.61 and a beta of 3.74.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that YRC Worldwide, Inc. will post $0.82 EPS for the current year.
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A number of research firms have recently weighed in on YRCW. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. BidaskClub downgraded shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, July 13th. Finally, Deutsche Bank AG reduced their target price on shares of YRC Worldwide from $18.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” 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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