YRC Worldwide (NASDAQ:YRCW) Stock Price Down 8.6%

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

Several brokerages have weighed in on YRCW. Stephens set a $5.00 price target on shares of YRC Worldwide and gave the company a “hold” rating in a research report on Monday. TheStreet cut shares of YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. ValuEngine raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub cut shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Zacks Investment Research cut shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $8.25 price target for the company. in a research report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. YRC Worldwide presently has a consensus rating of “Hold” and an average price target of $7.85.

The firm has a market cap of $96.85 million, a PE ratio of 4.93 and a beta of 4.41. The company’s 50-day simple moving average is $3.36 and its two-hundred day simple moving average is $5.60.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Friday, August 9th. The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.95). The firm 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 company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, equities analysts predict that YRC Worldwide Inc will post -0.64 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in YRC Worldwide by 7.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 640,045 shares of the transportation company’s stock worth $2,579,000 after purchasing an additional 43,600 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in YRC Worldwide by 26.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 84,103 shares of the transportation company’s stock worth $339,000 after purchasing an additional 17,829 shares in the last quarter. Front Street Capital Management Inc. raised its holdings in YRC Worldwide by 109.1% in the 2nd quarter. Front Street Capital Management Inc. now owns 3,500,762 shares of the transportation company’s stock worth $14,108,000 after purchasing an additional 1,826,932 shares in the last quarter. Marshall Wace North America L.P. bought a new position in YRC Worldwide in the 2nd quarter worth $216,000. Finally, BlackRock Inc. raised its holdings in YRC Worldwide by 1.3% in the 2nd quarter. BlackRock Inc. now owns 2,354,316 shares of the transportation company’s stock worth $9,489,000 after purchasing an additional 30,560 shares in the last quarter. Institutional investors and hedge funds own 79.63% of the company’s stock.

YRC Worldwide Company Profile (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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