Los Angeles Capital Management & Equity Research Inc. purchased a new position in YRC Worldwide Inc (NASDAQ:YRCW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,860 shares of the transportation company’s stock, valued at approximately $150,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Quadrant L P CA acquired a new stake in YRC Worldwide during the third quarter valued at $132,000. Marshall Wace North America L.P. acquired a new position in shares of YRC Worldwide in the 2nd quarter valued at $168,000. Voya Investment Management LLC lifted its stake in shares of YRC Worldwide by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,720 shares during the period. Aperio Group LLC acquired a new position in shares of YRC Worldwide in the 2nd quarter valued at $193,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of YRC Worldwide by 80.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 23,500 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 10,500 shares during the period. 85.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of YRC Worldwide Inc (NASDAQ YRCW) opened at $12.91 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -2.26. YRC Worldwide Inc has a 1 year low of $7.36 and a 1 year high of $16.97.
A number of research analysts have recently weighed in on YRCW shares. Zacks Investment Research downgraded YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Aegis reissued a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. BidaskClub downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, ValuEngine cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.
YRC Worldwide Company Profile
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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