Algert Global LLC Takes Position in YRC Worldwide Inc (YRCW)

Algert Global LLC purchased a new position in shares of YRC Worldwide Inc (NASDAQ:YRCW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,553 shares of the transportation company’s stock, valued at approximately $237,000. Algert Global LLC owned approximately 0.07% of YRC Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Symons Capital Management Inc. purchased a new position in shares of YRC Worldwide in the 1st quarter worth about $137,000. Hartford Investment Management Co. purchased a new position in shares of YRC Worldwide in the 2nd quarter worth about $196,000. MetLife Investment Advisors LLC purchased a new position in shares of YRC Worldwide in the 4th quarter worth about $213,000. Deprince Race & Zollo Inc. raised its position in shares of YRC Worldwide by 66.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 30,000 shares of the transportation company’s stock worth $302,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Mackay Shields LLC purchased a new position in shares of YRC Worldwide in the 1st quarter worth about $335,000. Institutional investors and hedge funds own 78.18% of the company’s stock.

Shares of YRC Worldwide stock traded down $0.04 during trading hours on Friday, reaching $9.57. 298,800 shares of the stock traded hands, compared to its average volume of 714,814. The company has a market cap of $333.02 million, a P/E ratio of 63.87 and a beta of 3.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.51. YRC Worldwide Inc has a one year low of $8.07 and a one year high of $17.61.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, August 2nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 2.36%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. research analysts anticipate that YRC Worldwide Inc will post 0.79 EPS for the current fiscal year.

A number of brokerages have weighed in on YRCW. ValuEngine lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Stifel Nicolaus decreased their target price on YRC Worldwide from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 3rd. BidaskClub raised YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th. Finally, Deutsche Bank raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. YRC Worldwide currently has a consensus rating of “Hold” and a consensus target price of $17.20.

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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Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

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