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.

TRADEMARK VIOLATION NOTICE: “The Manufacturers Life Insurance Company Has $302,000 Holdings in YRC Worldwide Inc (YRCW)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.watchlistnews.com/the-manufacturers-life-insurance-company-has-302000-holdings-in-yrc-worldwide-inc-yrcw/1742853.html.

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.

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).

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

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 Analyst Ratings Network's FREE daily email newsletter.