Masters Capital Management LLC lessened its holdings in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 28.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000,000 shares of the transportation company’s stock after selling 395,391 shares during the period. Masters Capital Management LLC owned 2.98% of YRC Worldwide worth $14,380,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in YRCW. Vanguard Group Inc. boosted its holdings in shares of YRC Worldwide by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock valued at $25,287,000 after buying an additional 99,353 shares in the last quarter. Voya Investment Management LLC boosted its stake in YRC Worldwide by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after purchasing an additional 2,720 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in YRC Worldwide by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock worth $302,000 after purchasing an additional 1,681 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in YRC Worldwide in the 3rd quarter worth about $150,000. Finally, Russell Investments Group Ltd. bought a new position in YRC Worldwide in the 3rd quarter worth about $6,280,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.
In other news, insider Scott D. Ware sold 14,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $8.61, for a total transaction of $120,540.00. Following the completion of the sale, the insider now owns 39,095 shares of the company’s stock, valued at approximately $336,607.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.
YRC Worldwide Inc (NASDAQ YRCW) opened at $10.11 on Monday. The company has a debt-to-equity ratio of -2.48, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $338.80, a PE ratio of 77.77 and a beta of 4.19. YRC Worldwide Inc has a one year low of $7.36 and a one year high of $17.61.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.26). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.31%. YRC Worldwide’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.23) EPS. equities research analysts forecast that YRC Worldwide Inc will post 1.1 earnings per share for the current fiscal year.
YRC Worldwide 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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