Suffolk Capital Management LLC purchased a new stake in YRC Worldwide Inc (NASDAQ:YRCW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,835 shares of the transportation company’s stock, valued at approximately $530,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in YRCW. First Quadrant L P CA purchased a new position in YRC Worldwide during the third quarter worth about $132,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in YRC Worldwide during the third quarter worth about $150,000. Jane Street Group LLC purchased a new position in YRC Worldwide during the third quarter worth about $159,000. Boothbay Fund Management LLC purchased a new position in YRC Worldwide during the third quarter worth about $160,000. Finally, Teacher Retirement System of Texas purchased a new position in YRC Worldwide during the fourth quarter worth about $163,000. Institutional investors own 91.09% of the company’s stock.
YRC Worldwide Inc (NASDAQ:YRCW) opened at $9.85 on Friday. YRC Worldwide Inc has a 52-week low of $7.36 and a 52-week high of $17.61. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $330.08, a PE ratio of 75.77 and a beta of 3.86.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). YRC Worldwide had a negative return on equity of 1.26% and a negative net margin of 0.22%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted ($0.23) earnings per share. YRC Worldwide’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities research analysts predict that YRC Worldwide Inc will post 1.3 EPS for the current year.
Several equities analysts recently commented on the company. BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Seaport Global Securities restated a “neutral” rating on shares of YRC Worldwide in a research report on Friday, February 2nd. Zacks Investment Research restated a “buy” rating and set a $19.00 target price on shares of YRC Worldwide in a research report on Saturday, February 3rd. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $21.00 target price on shares of YRC Worldwide in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. YRC Worldwide currently has a consensus rating of “Hold” and a consensus price target of $18.00.
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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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