YRC Worldwide Inc (YRCW) Holdings Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 42.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 525,525 shares of the transportation company’s stock after purchasing an additional 156,175 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in YRC Worldwide were worth $4,719,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of YRCW. Formula Growth Ltd. raised its stake in YRC Worldwide by 300.0% during the second quarter. Formula Growth Ltd. now owns 600,000 shares of the transportation company’s stock worth $6,030,000 after purchasing an additional 450,000 shares during the period. Russell Investments Group Ltd. increased its position in shares of YRC Worldwide by 9.0% in the third quarter. Russell Investments Group Ltd. now owns 2,895,937 shares of the transportation company’s stock worth $26,007,000 after acquiring an additional 239,034 shares in the last quarter. FMR LLC increased its position in shares of YRC Worldwide by 98.7% in the second quarter. FMR LLC now owns 238,998 shares of the transportation company’s stock worth $2,402,000 after acquiring an additional 118,700 shares in the last quarter. BlackRock Inc. increased its position in shares of YRC Worldwide by 5.2% in the second quarter. BlackRock Inc. now owns 2,329,945 shares of the transportation company’s stock worth $23,415,000 after acquiring an additional 116,023 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of YRC Worldwide by 339.2% in the third quarter. Alliancebernstein L.P. now owns 147,651 shares of the transportation company’s stock worth $1,326,000 after acquiring an additional 114,031 shares in the last quarter. 79.13% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Deutsche Bank raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Tuesday, August 21st. Loop Capital assumed coverage on shares of YRC Worldwide in a research report on Monday, October 1st. They issued a “buy” rating and a $18.00 price objective for the company. Stifel Nicolaus lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Friday, November 9th. Finally, ValuEngine raised shares of YRC Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. YRC Worldwide presently has an average rating of “Hold” and an average target price of $15.20.

YRC Worldwide stock opened at $5.66 on Monday. YRC Worldwide Inc has a 52-week low of $5.57 and a 52-week high of $17.61. The firm has a market capitalization of $191.59 million, a PE ratio of 37.73 and a beta of 3.76.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results on Thursday, November 1st. The transportation company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.42). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 1.64%. YRC Worldwide’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Research analysts forecast that YRC Worldwide Inc will post 0.48 EPS for the current fiscal year.

WARNING: “YRC Worldwide Inc (YRCW) Holdings Boosted by Connor Clark & Lunn Investment Management Ltd.” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2018/12/03/yrc-worldwide-inc-yrcw-holdings-boosted-by-connor-clark-lunn-investment-management-ltd.html.

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.

Recommended Story: Dividend Stocks – Are They Right For You?

Want to see what other hedge funds are holding YRCW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YRC Worldwide Inc (NASDAQ:YRCW).

Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

Receive News & Ratings for YRC Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit