The Manufacturers Life Insurance Company Has $302,000 Holdings in YRC Worldwide Inc (YRCW)
The Manufacturers Life Insurance Company lifted its stake in YRC Worldwide Inc (NASDAQ:YRCW) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,120 shares of the transportation company’s stock after purchasing an additional 1,681 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of YRC Worldwide worth $302,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in YRCW. Marshall Wace North America L.P. purchased a new position in YRC Worldwide during the 2nd quarter worth approximately $168,000. Voya Investment Management LLC grew its stake in shares of YRC Worldwide by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after purchasing an additional 2,720 shares during the period. Aperio Group LLC acquired a new stake in YRC Worldwide in the 2nd quarter valued at $193,000. Deprince Race & Zollo Inc. grew its stake in YRC Worldwide by 80.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 23,500 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 10,500 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in YRC Worldwide in the 2nd quarter valued at $301,000. 85.28% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Justin M. Hall acquired 5,000 shares of the stock in a transaction dated 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 is accessible through this link. Also, CEO James L. Welch sold 100,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $12.24, for a total value of $1,224,000.00. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
YRCW has been the topic of a number of research reports. Zacks Investment Research lowered YRC Worldwide from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 8th. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price objective (down from $19.00) on shares of YRC Worldwide in a report on Thursday, October 19th. Aegis restated a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a report on Saturday, September 16th. BidaskClub downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.00.
YRC Worldwide Inc (NASDAQ YRCW) opened at $12.42 on Monday. YRC Worldwide Inc has a 52-week low of $7.36 and a 52-week high of $16.97. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26.
YRC Worldwide Company Profile
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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