GSA Capital Partners LLP boosted its stake in YRC Worldwide Inc (NASDAQ:YRCW) by 96.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,300 shares of the transportation company’s stock after purchasing an additional 81,243 shares during the period. GSA Capital Partners LLP owned about 0.49% of YRC Worldwide worth $1,460,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Symons Capital Management Inc. acquired a new stake in YRC Worldwide in the first quarter valued at $137,000. Teacher Retirement System of Texas acquired a new stake in YRC Worldwide in the fourth quarter valued at $163,000. MetLife Investment Advisors LLC acquired a new stake in YRC Worldwide in the fourth quarter valued at $213,000. Stone Ridge Asset Management LLC acquired a new stake in YRC Worldwide in the fourth quarter valued at $310,000. Finally, Mackay Shields LLC acquired a new stake in YRC Worldwide in the first quarter valued at $335,000. Institutional investors and hedge funds own 79.18% of the company’s stock.
A number of analysts recently weighed in on the company. BidaskClub downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. ValuEngine cut shares of YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Monday, April 23rd. Finally, Zacks Investment Research raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.75.
Shares of YRCW opened at $11.05 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of -2.38. The firm has a market cap of $378.27 million, a price-to-earnings ratio of 73.67 and a beta of 3.71. YRC Worldwide Inc has a 12 month low of $8.07 and a 12 month high of $17.61.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, May 3rd. The transportation company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.16. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted ($0.78) EPS. sell-side analysts predict that YRC Worldwide Inc will post 0.89 EPS for the current year.
In other news, Director Raymond J. Bromark sold 5,000 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $10.79, for a total transaction of $53,950.00. Following the transaction, the director now owns 86,272 shares of the company’s stock, valued at approximately $930,874.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.70% of the company’s stock.
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.
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