Systematic Financial Management LP cut its position in shares of YRC Worldwide, Inc. (NASDAQ:YRCW) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,905 shares of the transportation company’s stock after selling 195 shares during the period. Systematic Financial Management LP owned about 0.40% of YRC Worldwide worth $1,474,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boothbay Fund Management LLC bought a new stake in shares of YRC Worldwide during the fourth quarter worth $161,000. Searle & CO. bought a new stake in shares of YRC Worldwide during the fourth quarter worth $173,000. Deprince Race & Zollo Inc. bought a new stake in shares of YRC Worldwide during the first quarter worth $143,000. Strs Ohio bought a new stake in shares of YRC Worldwide during the first quarter worth $164,000. Finally, Prudential Financial Inc. bought a new stake in shares of YRC Worldwide during the first quarter worth $177,000. Institutional investors own 85.18% of the company’s stock.
Shares of YRC Worldwide, Inc. (YRCW) traded up 3.67% during mid-day trading on Monday, hitting $10.73. 90,286 shares of the company were exchanged. YRC Worldwide, Inc. has a 12-month low of $7.36 and a 12-month high of $16.97. The company’s 50-day moving average price is $9.47 and its 200-day moving average price is $12.01. The firm has a market capitalization of $359.78 million, a P/E ratio of 44.34 and a beta of 3.74.
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A number of brokerages recently weighed in on YRCW. Zacks Investment Research lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Stifel Nicolaus reissued a “positive” rating and issued a $18.00 price target on shares of YRC Worldwide in a report on Monday, March 6th. Finally, Deutsche Bank AG lowered their price target on shares of YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.75.
About YRC Worldwide
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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