JPMorgan Chase & Co. raised its stake in YRC Worldwide, Inc. (NASDAQ:YRCW) by 11.6% during the first quarter, Holdings Channel reports. The institutional investor owned 1,739,045 shares of the transportation company’s stock after buying an additional 180,327 shares during the period. JPMorgan Chase & Co. owned approximately 5.19% of YRC Worldwide worth $19,147,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Guggenheim Capital LLC acquired a new stake in shares of YRC Worldwide during the fourth quarter valued at $252,000. Bogle Investment Management L P DE increased its stake in YRC Worldwide by 550.3% in the fourth quarter. Bogle Investment Management L P DE now owns 232,147 shares of the transportation company’s stock worth $3,082,000 after buying an additional 196,450 shares during the period. Two Sigma Investments LP increased its stake in YRC Worldwide by 132.0% in the fourth quarter. Two Sigma Investments LP now owns 281,497 shares of the transportation company’s stock worth $3,738,000 after buying an additional 160,173 shares during the period. A.R.T. Advisors LLC increased its stake in YRC Worldwide by 812.6% in the fourth quarter. A.R.T. Advisors LLC now owns 111,335 shares of the transportation company’s stock worth $1,478,000 after buying an additional 99,135 shares during the period. Finally, Menta Capital LLC increased its stake in YRC Worldwide by 2.7% in the fourth quarter. Menta Capital LLC now owns 158,358 shares of the transportation company’s stock worth $2,103,000 after buying an additional 4,210 shares during the period. 85.18% of the stock is owned by institutional investors and hedge funds.
Shares of YRC Worldwide, Inc. (NASDAQ:YRCW) opened at 10.35 on Friday. 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 cap of $347.04 million, a P/E ratio of 42.77 and a beta of 3.74.
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A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Deutsche Bank AG decreased their target price on YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a report on Monday, May 8th. Finally, Stifel Nicolaus reaffirmed a “positive” rating and set a $18.00 target price on shares of YRC Worldwide in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. YRC Worldwide has an average 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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