YRC Worldwide, Inc. (NASDAQ:YRCW) insider Justin M. Hall acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of $11.09 per share, with a total value of $55,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
YRC Worldwide, Inc. (NASDAQ YRCW) traded down $0.27 during trading on Friday, hitting $10.82. 943,025 shares of the stock traded hands, compared to its average volume of 727,188. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide, Inc. has a 12-month low of $7.36 and a 12-month high of $16.97.
COPYRIGHT VIOLATION NOTICE: “YRC Worldwide, Inc. (YRCW) Insider Justin M. Hall Purchases 5,000 Shares of Stock” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://stocknewstimes.com/2017/11/18/yrc-worldwide-inc-yrcw-insider-justin-m-hall-purchases-5000-shares-of-stock.html.
A number of brokerages have commented on YRCW. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, October 18th. BidaskClub cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Aegis reissued a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a research note on Saturday, September 16th. Finally, ValuEngine cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.00.
Several institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC lifted its holdings in shares of YRC Worldwide by 88.7% in the 3rd quarter. Algert Global LLC now owns 220,818 shares of the transportation company’s stock worth $3,047,000 after acquiring an additional 103,804 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of YRC Worldwide by 7.2% in the 3rd quarter. California Public Employees Retirement System now owns 143,892 shares of the transportation company’s stock worth $1,986,000 after acquiring an additional 9,692 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of YRC Worldwide in the 3rd quarter worth about $958,000. Jane Street Group LLC bought a new stake in shares of YRC Worldwide in the 3rd quarter worth about $159,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of YRC Worldwide in the 3rd quarter worth about $328,000. Hedge funds and other institutional investors own 85.86% of the company’s stock.
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.
Receive News & Ratings for YRC Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.