Insider Selling: Marc Lasry Unloads 549,881 Shares of Yrc Worldwide Stock (YRCW)
Yrc Worldwide (NASDAQ:YRCW) major shareholder Marc Lasry sold 549,881 shares of Yrc Worldwide stock on the open market in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $9.53, for a total transaction of $5,240,365.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Yrc Worldwide (NASDAQ:YRCW) traded up 2.37% during mid-day trading on Thursday, hitting $9.52. 790,411 shares of the company’s stock traded hands. Yrc Worldwide has a 52-week low of $5.41 and a 52-week high of $36.99. The stock has a 50-day moving average of $15.73 and a 200-day moving average of $19.43. The company’s market cap is $88.6 million.
Yrc Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($1.72) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.93) by $0.79. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted ($3.21) earnings per share. Yrc Worldwide’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Yrc Worldwide will post $-5.42 earnings per share for the current fiscal year.
YRCW has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Yrc Worldwide from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $10.10 price target on the stock. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.28.
YRC Worldwide Inc (NASDAQ:YRCW) is a holding company.
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