YRC Worldwide (NASDAQ:YRCW) Trading Down 8.6%

YRC Worldwide Inc (NASDAQ:YRCW)’s stock price dropped 8.6% on Thursday . The company traded as low as $2.46 and last traded at $2.33, approximately 23,092 shares were traded during trading. A decline of 98% from the average daily volume of 1,028,190 shares. The stock had previously closed at $2.55.

YRCW has been the subject of a number of analyst reports. TheStreet lowered shares of YRC Worldwide from a “c” rating to a “d+” rating in a research note on Wednesday, May 15th. ValuEngine upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Stephens set a $5.00 price objective on shares of YRC Worldwide and gave the company a “hold” rating in a research note on Monday. Finally, Zacks Investment Research lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $8.25 price objective for the company. in a research note on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.85.

The business’s fifty day moving average price is $3.36 and its 200-day moving average price is $5.60. The stock has a market cap of $96.85 million, a PE ratio of 4.93 and a beta of 4.41.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Friday, August 9th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.95). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.29 billion. YRC Worldwide had a negative net margin of 0.96% and a negative return on equity of 1.93%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. As a group, equities analysts predict that YRC Worldwide Inc will post -0.64 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of YRC Worldwide by 1.4% in the 4th quarter. BlackRock Inc. now owns 2,370,373 shares of the transportation company’s stock valued at $7,467,000 after buying an additional 32,687 shares in the last quarter. Geode Capital Management LLC increased its position in shares of YRC Worldwide by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 362,826 shares of the transportation company’s stock valued at $1,142,000 after buying an additional 17,058 shares in the last quarter. Millennium Management LLC increased its position in shares of YRC Worldwide by 60.5% in the 4th quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock valued at $2,236,000 after buying an additional 267,559 shares in the last quarter. Deutsche Bank AG increased its position in shares of YRC Worldwide by 8.7% in the 4th quarter. Deutsche Bank AG now owns 112,045 shares of the transportation company’s stock valued at $351,000 after buying an additional 9,010 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of YRC Worldwide by 1,137.7% in the 1st quarter. Meeder Asset Management Inc. now owns 4,666 shares of the transportation company’s stock valued at $31,000 after buying an additional 4,289 shares in the last quarter. 79.63% of the stock is currently owned by hedge funds and other institutional investors.

About YRC Worldwide (NASDAQ:YRCW)

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The 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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