Nationwide Fund Advisors lowered its stake in YRC Worldwide Inc. (NASDAQ:YRCW) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 218,475 shares of the company’s stock after selling 8,247 shares during the period. Nationwide Fund Advisors owned about 0.66% of YRC Worldwide worth $1,923,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in YRC Worldwide by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 156,478 shares of the company’s stock valued at $1,377,000 after buying an additional 413 shares during the last quarter. Spark Investment Management LLC bought a new position in YRC Worldwide during the first quarter valued at about $1,625,000. American Century Companies Inc. increased its position in YRC Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 311,752 shares of the company’s stock valued at $2,743,000 after buying an additional 870 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 period. Finally, Springbok Capital Management LLC raised its stake in shares of 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 period. Institutional investors own 79.03% of the company’s stock.
YRC Worldwide Inc. (NASDAQ:YRCW) traded down 0.33% during trading on Friday, reaching $12.12. 19,359 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $11.97 and its 200 day moving average price is $10.18. The firm has a market cap of $403.35 million, a P/E ratio of 34.43 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.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data 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. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. YRC Worldwide had a net margin of 0.24% and a negative return on equity of 10.39%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that YRC Worldwide Inc. will post $1.04 EPS for the current fiscal year.
Several brokerages have recently weighed in on YRCW. Deutsche Bank AG set a $13.00 target price on shares of YRC Worldwide and gave the company a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, July 30th. Stifel Nicolaus reiterated a “buy” rating and set a $14.00 target price on shares of YRC Worldwide in a research report on Monday, June 27th. Finally, Standpoint Research reiterated a “buy” rating on shares of YRC Worldwide in a research report on Wednesday, July 27th.
In related news, insider Thomas Joseph O’connor III sold 14,411 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $11.97, for a total transaction of $172,499.67. Following the transaction, the insider now directly owns 34,747 shares of the company’s stock, valued at $415,921.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Justin M. Hall sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $11.55, for a total transaction of $25,410.00. Following the transaction, the insider now directly owns 23,977 shares in the company, valued at $276,934.35. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by 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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