Phoenix Investment Adviser LLC Raises Position in YRC Worldwide Inc (YRCW)
Phoenix Investment Adviser LLC boosted its stake in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,483 shares of the transportation company’s stock after acquiring an additional 5,200 shares during the quarter. YRC Worldwide accounts for about 2.0% of Phoenix Investment Adviser LLC’s investment portfolio, making the stock its 6th largest holding. Phoenix Investment Adviser LLC owned approximately 0.41% of YRC Worldwide worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of YRCW. Northpointe Capital LLC lifted its holdings in YRC Worldwide by 6.5% in the 3rd quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock worth $17,437,000 after buying an additional 77,521 shares during the period. Macquarie Group Ltd. purchased a new stake in YRC Worldwide in the 3rd quarter worth approximately $629,000. Russell Investments Group Ltd. purchased a new stake in YRC Worldwide in the 3rd quarter worth approximately $6,280,000. Vanguard Group Inc. lifted its holdings in YRC Worldwide by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock worth $25,287,000 after buying an additional 99,353 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in YRC Worldwide by 82.5% in the 2nd quarter. Alliancebernstein L.P. now owns 33,620 shares of the transportation company’s stock worth $374,000 after buying an additional 15,200 shares during the period. Institutional investors own 85.39% of the company’s stock.
In other news, Director William Robert Davidson sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $13.40, for a total value of $52,541.40. Following the completion of the transaction, the director now owns 30,195 shares in the company, valued at approximately $404,613. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Justin M. Hall bought 5,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $11.09 per share, with a total value of $55,450.00. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.
YRC Worldwide (NASDAQ:YRCW) last released its earnings results on Thursday, November 2nd. The transportation company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 0.70%. sell-side analysts predict that YRC Worldwide Inc will post 0.05 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price objective on shares of YRC Worldwide in a report on Thursday. BidaskClub upgraded YRC Worldwide from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Zacks Investment Research cut YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Stephens reiterated a “buy” rating and issued a $19.00 price objective on shares of YRC Worldwide in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. YRC Worldwide currently has a consensus rating of “Buy” and an average target price of $17.20.
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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