Masters Capital Management Lowers stake in YRC Worldwide Inc (YRCW)

YRC Worldwide Inc (YRCW) : Masters Capital Management reduced its stake in YRC Worldwide Inc by 16.68% during the most recent quarter end. The investment management company now holds a total of 2,041,250 shares of YRC Worldwide Inc which is valued at $23,025,300 after selling 408,750 shares in YRC Worldwide Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.YRC Worldwide Inc makes up approximately 4.98% of Masters Capital Management’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De reduced its stake in YRCW by selling 159,818 shares or 29.43% in the most recent quarter. The Hedge Fund company now holds 383,194 shares of YRCW which is valued at $4,322,428. YRC Worldwide Inc makes up approx 0.27% of Bogle Investment Management L P De’s portfolio. Nine Chapters Capital Management sold out all of its stake in YRCW during the most recent quarter. The investment firm sold 118,000 shares of YRCW which is valued $1,477,360.California Public Employees Retirement System reduced its stake in YRCW by selling 67,400 shares or 21.69% in the most recent quarter. The Hedge Fund company now holds 243,400 shares of YRCW which is valued at $2,950,008.Wedge Capital Management L L Pnc reduced its stake in YRCW by selling 10,118 shares or 49.36% in the most recent quarter. The Hedge Fund company now holds 10,382 shares of YRCW which is valued at $123,234.

YRC Worldwide Inc opened for trading at $11.19 and hit $11.3625 on the upside on Monday, eventually ending the session at $11.32, with a gain of 1.43% or 0.16 points. The heightened volatility saw the trading volume jump to 2,49,946 shares. Company has a market cap of $377 M.

On the company’s financial health, YRC Worldwide Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.54. The company had revenue of $1207.60 million for the quarter, compared to analysts expectations of $1197.23 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

YRC Worldwide Inc. is a holding company that through its wholly owned subsidiaries and its interest in a Chinese joint venture offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local regional national and international capabilities. It offers supply chain solutions enabling customers to ship industrial commercial and retail goods. It operates in two segments which include YRC Freight and Regional Transportation. The YRC Freight segment is focused on business opportunities in national regional and international markets. YRC Freight provides for the movement of industrial commercial and retail goods through its subsidiary YRC Inc. (YRC Freight) and Reimer Express (YRC Reimer). Its Regional Transportation segment is a transportation service provider that comprises USF Holland Inc. (Holland) New Penn Motor Express Inc. (New Penn) and USF Reddaway Inc. (Reddaway).

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