YRC Worldwide Inc (NASDAQ:YRCW) Holdings Increased by Front Street Capital Management Inc.

Share on StockTwits

Front Street Capital Management Inc. grew its holdings in YRC Worldwide Inc (NASDAQ:YRCW) by 109.1% during the second quarter, HoldingsChannel.com reports. The firm owned 3,500,762 shares of the transportation company’s stock after acquiring an additional 1,826,932 shares during the quarter. YRC Worldwide makes up about 3.7% of Front Street Capital Management Inc.’s holdings, making the stock its 10th biggest holding. Front Street Capital Management Inc. owned about 0.10% of YRC Worldwide worth $14,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of YRCW. Russell Investments Group Ltd. boosted its position in YRC Worldwide by 46.0% during the second quarter. Russell Investments Group Ltd. now owns 3,543,512 shares of the transportation company’s stock valued at $14,277,000 after purchasing an additional 1,116,016 shares in the last quarter. Acadian Asset Management LLC bought a new stake in YRC Worldwide during the first quarter valued at about $2,672,000. Renaissance Technologies LLC boosted its position in YRC Worldwide by 41.1% during the second quarter. Renaissance Technologies LLC now owns 824,986 shares of the transportation company’s stock valued at $3,325,000 after purchasing an additional 240,433 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in YRC Worldwide by 50.4% during the first quarter. Kennedy Capital Management Inc. now owns 600,217 shares of the transportation company’s stock valued at $4,015,000 after purchasing an additional 201,005 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in YRC Worldwide by 29.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 733,042 shares of the transportation company’s stock valued at $4,904,000 after purchasing an additional 166,915 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

YRC Worldwide stock traded down $0.09 during midday trading on Thursday, reaching $4.18. The company’s stock had a trading volume of 11,449 shares, compared to its average volume of 1,557,105. The stock’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $4.88. YRC Worldwide Inc has a 52-week low of $1.95 and a 52-week high of $9.90. The stock has a market capitalization of $157.43 million, a P/E ratio of 9.29 and a beta of 4.59.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results on Friday, August 9th. The transportation company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.95). YRC Worldwide had a negative net margin of 0.96% and a negative return on equity of 1.93%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts predict that YRC Worldwide Inc will post -2.14 earnings per share for the current year.

A number of equities research analysts have commented on the company. ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Stephens set a $5.00 price target on YRC Worldwide and gave the company a “hold” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. YRC Worldwide presently has a consensus rating of “Hold” and an average price target of $7.85.

YRC Worldwide Company Profile

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.

See Also: What is a put option?

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.