Stock Traders Purchase High Volume of Put Options on YRC Worldwide (YRCW)

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YRC Worldwide Inc (NASDAQ:YRCW) was the recipient of unusually large options trading activity on Monday. Traders bought 1,318 put options on the stock. This is an increase of 791% compared to the typical daily volume of 148 put options.

Several large investors have recently made changes to their positions in YRCW. Northern Trust Corp increased its position in YRC Worldwide by 2.0% during the second quarter. Northern Trust Corp now owns 375,291 shares of the transportation company’s stock worth $3,771,000 after buying an additional 7,525 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of YRC Worldwide by 7.7% during the 3rd quarter. Martingale Asset Management L P now owns 124,642 shares of the transportation company’s stock worth $1,120,000 after purchasing an additional 8,958 shares during the last quarter. IndexIQ Advisors LLC grew its stake in YRC Worldwide by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 257,446 shares of the transportation company’s stock valued at $2,312,000 after buying an additional 9,723 shares during the last quarter. Systematic Financial Management LP boosted its holdings in YRC Worldwide by 8.6% in the 3rd quarter. Systematic Financial Management LP now owns 134,585 shares of the transportation company’s stock valued at $1,209,000 after purchasing an additional 10,675 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in YRC Worldwide by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,628,778 shares of the transportation company’s stock valued at $16,369,000 after purchasing an additional 13,218 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine raised shares of YRC Worldwide from a “strong sell” rating to a “sell” rating in a report on Monday, January 7th. Loop Capital cut their price target on shares of YRC Worldwide to $11.00 and set a “buy” rating for the company in a report on Tuesday, December 11th. They noted that the move was a valuation call. Stifel Nicolaus cut shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Friday, November 9th. Zacks Investment Research raised shares of YRC Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 19th. Finally, TheStreet raised shares of YRC Worldwide from a “d” rating to a “c-” rating in a research note on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.33.

Shares of YRC Worldwide stock opened at $6.80 on Tuesday. YRC Worldwide has a 52 week low of $2.41 and a 52 week high of $11.76. The firm has a market capitalization of $228.49 million, a PE ratio of 15.11 and a beta of 4.75.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.59. YRC Worldwide had a negative return on equity of 1.87% and a net margin of 0.48%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Sell-side analysts expect that YRC Worldwide will post 0.75 earnings per share for the current year.

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YRC Worldwide Company Profile

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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