Alambic Investment Management buys $2,694,543 stake in YRC Worldwide Inc (YRCW)

YRC Worldwide Inc (YRCW) : Alambic Investment Management scooped up 99,803 additional shares in YRC Worldwide Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 234,512 shares of YRC Worldwide Inc which is valued at $2,694,543.YRC Worldwide Inc makes up approximately 0.60% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Oxford Asset Management boosted its stake in YRCW in the latest quarter, The investment management firm added 32,094 additional shares and now holds a total of 238,382 shares of YRC Worldwide Inc which is valued at $2,739,009. YRC Worldwide Inc makes up approx 0.11% of Oxford Asset Management’s portfolio.Phoenix Investment Adviser boosted its stake in YRCW in the latest quarter, The investment management firm added 57,339 additional shares and now holds a total of 147,000 shares of YRC Worldwide Inc which is valued at $1,822,800. YRC Worldwide Inc makes up approx 2.53% of Phoenix Investment Adviser’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in YRCW by selling 169 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 28,540 shares of YRCW which is valued at $353,896.

YRC Worldwide Inc opened for trading at $11.38 and hit $11.7199 on the upside on Monday, eventually ending the session at $11.48, with a gain of 1.77% or 0.2 points. The heightened volatility saw the trading volume jump to 3,26,892 shares. Company has a market cap of $382 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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