Rhumbline Advisers boosted its stake in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 42.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,568 shares of the transportation company’s stock after acquiring an additional 13,877 shares during the period. Rhumbline Advisers owned 0.14% of YRC Worldwide worth $147,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. bought a new stake in YRC Worldwide in the 4th quarter worth approximately $95,000. Jane Street Group LLC purchased a new stake in YRC Worldwide in the 3rd quarter worth $204,000. Putnam Investments LLC purchased a new stake in YRC Worldwide in the 3rd quarter worth $316,000. Algert Global LLC lifted its stake in YRC Worldwide by 74.6% in the 3rd quarter. Algert Global LLC now owns 41,113 shares of the transportation company’s stock worth $369,000 after purchasing an additional 17,560 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in YRC Worldwide by 32.5% in the 3rd quarter. AQR Capital Management LLC now owns 55,160 shares of the transportation company’s stock worth $495,000 after purchasing an additional 13,519 shares in the last quarter. Hedge funds and other institutional investors own 71.75% of the company’s stock.
YRCW stock traded up $0.18 during mid-day trading on Friday, reaching $8.04. The company had a trading volume of 524,896 shares, compared to its average volume of 835,081. The company has a market capitalization of $272.11 million, a P/E ratio of 17.87 and a beta of 4.75. YRC Worldwide Inc has a 12 month low of $2.41 and a 12 month high of $11.76.
Several analysts have commented on YRCW shares. ValuEngine upgraded shares of YRC Worldwide from a “strong sell” rating to a “sell” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded shares of YRC Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 19th. TheStreet upgraded shares of YRC Worldwide from a “d” rating to a “c-” rating in a research report on Friday, February 1st. BidaskClub cut shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Stephens set a $5.00 target price on shares of YRC Worldwide and gave the company a “hold” rating in a research report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $8.90.
YRC Worldwide 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.
See Also: Range Trading
Receive News & Ratings for YRC Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.