YRC Worldwide Inc (NASDAQ:YRCW) shares rose 12.1% on Wednesday . The company traded as high as $1.68 and last traded at $1.67, approximately 2,260,523 shares were traded during mid-day trading. An increase of 38% from the average daily volume of 1,633,968 shares. The stock had previously closed at $1.49.
YRCW has been the topic of a number of research analyst reports. Stephens restated a “hold” rating and issued a $2.00 price target on shares of YRC Worldwide in a research note on Thursday, April 9th. Zacks Investment Research upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th.
The firm’s 50-day moving average is $1.56 and its 200 day moving average is $2.20. The firm has a market capitalization of $58.06 million, a price-to-earnings ratio of -1.07 and a beta of 3.00.
A number of large investors have recently bought and sold shares of YRCW. Metropolitan Life Insurance Co NY acquired a new stake in YRC Worldwide during the 1st quarter worth approximately $77,000. Russell Investments Group Ltd. raised its holdings in YRC Worldwide by 2.7% during the 4th quarter. Russell Investments Group Ltd. now owns 3,964,371 shares of the transportation company’s stock worth $10,101,000 after purchasing an additional 102,484 shares during the last quarter. Sowell Financial Services LLC bought a new position in YRC Worldwide during the 4th quarter worth approximately $54,000. Charles Schwab Investment Management Inc. raised its holdings in YRC Worldwide by 14.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 955,656 shares of the transportation company’s stock worth $2,437,000 after purchasing an additional 117,852 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in YRC Worldwide during the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 56.74% of the company’s stock.
About YRC Worldwide (NASDAQ:YRCW)
YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The 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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