Renaissance Technologies LLC recently announced the acquisition of new stake in YRC Worldwide Inc. (NASDAQ:YRCW). This fresh investment now brings its stake to 1.57% valued currently at $1.58 million.
With over 1.12 million YRC Worldwide Inc. (YRCW) shares trading Tuesday and a closing price of $4.22 on the day, the dollar volume was approximately $4.74 million. The shares have shown a negative weekly performance of -0.94% and its price on 09/01/20 gained nearly 1.20%. Currently, there are 53.28M common shares owned by the public and among those 49.28M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for YRCW have a consensus price objective of $7.00. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $4.00 should the stock experience a downside. Incidentally, analysts’ outlook for the YRC Worldwide Inc. stock is 2.70 for the next 12 months. The average price target is 39.71% above its last price level and an upside to the estimated low will see the stock lose -5.5% over that period. But an upside of 64.83% will see the stock hit the forecast high price target while mean target price for the stock is $5.00.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 1,791,093 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 447,292 shares.
The top 3 mutual fund holders in YRC Worldwide Inc. are Tarkio Fund, Vanguard Total Stock Market Index, and Invesco FTSE RAFI US 1500 Small M. Tarkio Fund owns 1.09 million shares of the company’s stock, all valued at over $2.98 million. The company sold -0.42 million shares recently to bring their total holdings to about 2.95% of the shares outstanding. Invesco FTSE RAFI US 1500 Small M sold 3515.0 shares to bring its total holdings to over 0.87 million shares at a value of $2.36 million. Invesco FTSE RAFI US 1500 Small M now owns shares totaling to 2.34% of the shares outstanding.
Shares of YRC Worldwide Inc. (NASDAQ: YRCW) opened at $4.03, down -$0.14 from a prior closing price of $4.17. However, the script later closed the day at $4.22, up 1.20%. The company’s stock has a 5-day price change of -0.94% and 152.69% over the past three months. YRCW shares are trading 65.49% year to date (YTD), with the 12-month market performance up to 111.00% higher. It has a 12-month low price of $1.29 and touched a high of $5.65 over the same period. Currently, 1.12 million shares have been traded, compared to an average intraday trading volume of 3.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.06%, 31.60%, and 75.16% respectively.
Institutional ownership of YRC Worldwide Inc. (NASDAQ: YRCW) shares accounts for 33.20% of the company’s 53.28M shares outstanding. Mutual fund holders own 21.76%, while other institutional holders and individual stakeholders account for 29.19% and 20.43% respectively.
It has a market capitalization of $224.88M and a beta (3y monthly) value of 3.43. The earnings-per-share (ttm) stands at -$1.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.37% over the week and 11.08% over the month.
Analysts forecast that YRC Worldwide Inc. (YRCW) will achieve an EPS of -$0.32 for the current quarter, -$0.38 for the next quarter and -$0.22 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.37 while analysts give the company a high EPS estimate of -$0.26. Comparatively, EPS for the current quarter was -$0.48 a year ago. Earnings per share for the fiscal year are expected to decrease by -624.30%, and 86.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate YRC Worldwide Inc. (YRCW) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the YRCW, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on August 25, 2020, with the firm’s price target at $5. Stifel coverage for the YRC Worldwide Inc. (YRCW) stock in a research note released on November 09, 2018 offered a Hold rating with a price target of. Deutsche Bank was of a view on August 22, 2018 that the stock is Buy, while Stifel gave the stock Buy rating on August 03, 2018, issuing a price target of $17- $15. Stifel on their part issued Buy rating on October 19, 2017.