Globeflex Capital L P Has $138,000 Holdings in YRC Worldwide, Inc. (YRCW)
Globeflex Capital L P continued to hold its stake in YRC Worldwide, Inc. (NASDAQ:YRCW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,369 shares of the transportation company’s stock at the end of the second quarter. Globeflex Capital L P’s holdings in YRC Worldwide were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of YRCW. Strs Ohio bought a new stake in shares of YRC Worldwide in the 1st quarter worth about $164,000. Marshall Wace North America L.P. bought a new stake in shares of YRC Worldwide in the 2nd quarter worth about $168,000. Prudential Financial Inc. bought a new stake in shares of YRC Worldwide in the 1st quarter worth about $177,000. Aperio Group LLC bought a new stake in shares of YRC Worldwide in the 2nd quarter worth about $193,000. Finally, American International Group Inc. increased its position in shares of YRC Worldwide by 7.1% in the 1st quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after purchasing an additional 1,327 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
Shares of YRC Worldwide, Inc. (YRCW) opened at 13.80 on Friday. The company’s 50 day moving average is $12.61 and its 200-day moving average is $11.17. YRC Worldwide, Inc. has a 12 month low of $7.36 and a 12 month high of $16.97. The company has a market cap of $462.74 million, a P/E ratio of 4600.00 and a beta of 3.77.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that YRC Worldwide, Inc. will post $0.74 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. BidaskClub downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, July 13th. Finally, Aegis reissued a “buy” rating and issued a $20.00 target price on shares of YRC Worldwide in a research report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.75.
About YRC Worldwide
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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