Short traders are feeling a little more bearish on shares of the company recently if you watch the rise in short interest. The company had a rise in short interest from May 31, 2017 to May 15, 2017 of 80.48%. Short interest grew from 2,373,116 to 4,282,885 over that timeframe. With short interest at 4,282,885 and short average daily volume at 1,196,424, the short-interest ratio is 3.6 and the percentage of shorted shares is 0.13% as of May 15.
There has been some selling insider activity on YRC Worldwide, Inc. (NASDAQ:YRCW) recently. President, USF Reddaway Inc. Thomas Joseph Iii O’connor sold 3,731 shares at an average price of $12.90 on March 3rd. That brings O’connor’s holdings to $420,037 as reported to the SEC. James Fry, VP, General Counsel and Secy. reported the sale of 10,000 shares. The shares were sold on February 27th for an average price of $13.05. Fry now owns $626,204 of the stock per the Form 4 SEC filing.
Thomas Joseph Iii O’connor, President, USF Reddaway Inc. sold $37,830 worth of shares at an average price of $12.61 on Fri the 24th. That brings the President, USF Reddaway Inc.’s holdings to $496,418 as recorded in a recent Form 4 SEC filing.
YRC Worldwide Inc., launched on January 28, 1983, 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..
These firms have also modified their investment in YRCW. As of the end of the quarter Morgan Stanley had bought a total of 10,000 shares growing its holdings by 1,073.0%. The value of the investment in YRC Worldwide, Inc. increased from $12,000 to $120,000 a change of 900.0% for the reporting period. As of quarter end Tower Research Capital LLC (trc) had disposed of 162 shares trimming its stake by 34.8%. The value of the investment in (YRCW) went from $6,000 to $3,000 decreasing 50.0% quarter to quarter.
Goldman Sachs Group Inc reduced its stake by shedding 31 shares a decrease of 0.2% in the quarter. Goldman Sachs Group Inc claims 13,538 shares valued at $149,000. The total value of its holdings decreased 17.2%. Masters Capital Management LLC expanded its investment by buying 111,200 shares an increase of 7.4% as of 03/31/2017. Masters Capital Management LLC currently owns 1,611,200 shares worth $17,739,000. The value of the position overall is down by 10.9%.
On November 4 analysts at Stephens & Co. started coverage setting a rating of “Overweight”. Equity analyst Deutsche Bank issued its first research report on the stock giving it an initial rating of “Hold”.
Aegis Capital initiated coverage on the stock with a rating of “Buy”. On July 20 Deutsche Bank kept the stock rating at “Buy” and moved down the price target from $16.00 to $13.00.
February 5 investment analysts at Deutsche Bank left the stock rating at “Buy” and lowered the price target to $16.00 from $20.00. On January 11 Deutsche Bank kept the company rating at “Buy” and lowered the price expectation to $20.00 from $26.00.
The company is now down since yesterday’s close of $10.36. The stock last traded at $10.29 just a bit higher than the 50 day moving average which is $9.50 and a tad under the 200 day moving average of $12.03. The 50 day moving average was up by +8.03% and the 200 day average moved down $-1.77.
The company’s P/E ratio is 42.40 and the market value is 344.02M. In the last earnings report the EPS was $0.24 and is estimated to be $0.64 for the current year with 33,530,000 shares outstanding. Next quarter’s EPS is forecasted at $0.59 and the next full year EPS is projected to be $1.60.