Systematic Financial Management LP Purchases 10,675 Shares of YRC Worldwide Inc (YRCW)

Systematic Financial Management LP lifted its position in YRC Worldwide Inc (NASDAQ:YRCW) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,585 shares of the transportation company’s stock after purchasing an additional 10,675 shares during the quarter. Systematic Financial Management LP’s holdings in YRC Worldwide were worth $1,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of YRCW. Hartford Investment Management Co. acquired a new position in YRC Worldwide during the second quarter valued at approximately $196,000. Acadian Asset Management LLC lifted its position in YRC Worldwide by 67.7% during the second quarter. Acadian Asset Management LLC now owns 40,817 shares of the transportation company’s stock valued at $410,000 after buying an additional 16,480 shares in the last quarter. Penn Capital Management Co. Inc. lifted its position in YRC Worldwide by 42.4% during the second quarter. Penn Capital Management Co. Inc. now owns 337,349 shares of the transportation company’s stock valued at $3,390,000 after buying an additional 100,435 shares in the last quarter. Algert Global LLC acquired a new position in YRC Worldwide during the second quarter valued at approximately $237,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in YRC Worldwide by 41.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 369,350 shares of the transportation company’s stock valued at $3,712,000 after buying an additional 109,150 shares in the last quarter. Institutional investors and hedge funds own 79.13% of the company’s stock.

NASDAQ YRCW opened at $6.06 on Thursday. YRC Worldwide Inc has a 52 week low of $5.57 and a 52 week high of $17.61. The firm has a market cap of $200.38 million, a PE ratio of 40.40 and a beta of 3.76.

YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, November 1st. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.42). YRC Worldwide had a negative return on equity of 1.64% and a negative net margin of 0.09%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts anticipate that YRC Worldwide Inc will post 0.48 EPS for the current year.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of YRC Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of YRC Worldwide from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 3rd. BidaskClub cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Loop Capital initiated coverage on shares of YRC Worldwide in a research report on Monday, October 1st. They set a “buy” rating and a $18.00 target price on the stock. Finally, Deutsche Bank raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.20.

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YRC Worldwide Profile

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its 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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Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

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