YRC Worldwide, Inc. (YRCW) Stake Boosted by JPMorgan Chase & Co.

YRC Worldwide, Inc. (YRCW) Stake Boosted by JPMorgan Chase & Co.

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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.

Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

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.

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).

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Dan specializes in matters of money management and personal finance and has been published on numerous financial, business, health and wellness and sports websites.

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