Filing Watching: Avenue Capital Management Ii Just Opened Huge Yrc Worldwide Inc Position

Filing Watching: Avenue Capital Management Ii Just Opened Huge Yrc Worldwide Inc Position

The New Avenue Capital Management Ii Holding in Yrc Worldwide Inc

Avenue Capital Management Ii filed with the SEC SC 13D/A form for Yrc Worldwide Inc. The form can be accessed here: 000119312516770385. As reported in Avenue Capital Management Ii’s form, the filler as of late owns 9.6% or 3,195,767 shares of the Transports–company.

Yrc Worldwide Inc stake is a new one for the and it was filed because of activity on November 16, 2016. We feel this shows Avenue Capital Management Ii’s positive view for the stock.

Yrc Worldwide Inc Institutional Sentiment

Latest Security and Exchange filings show 129 investors own Yrc Worldwide Inc. The institutional ownership in Q3 2015 is high, at 79.81% of the outstanding shares. This is increased by 1936662 the total institutional shares. 26552120 were the shares owned by these institutional investors. In total 49 funds opened new Yrc Worldwide Inc stakes, 44 increased stakes. There were 11 that closed positions and 28 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Lasry Marc, Ramsey Asset Management..

Ramsey Asset Management is an institutional investor bullish on Yrc Worldwide Inc, owning 74793 shares as of Q3 2015 for 1.75% of its portfolio. Ken Brodkowitz And Mike Vermut Newland Capital Management Llc owns 113000 shares or 1.36% of its portfolio. NY Aym Capital Llc have 6.21% of their stock portfolio for 95864 shares. Further, Phoenix Investment Adviser Llc reported stake worth 1.35% of its US stock portfolio. The NY Lasry Marc owns 5873125 shares. Yrc Worldwide Inc is 12.43% of the manager’s US portfolio.

Business Profile

YRC Worldwide Inc. (YRC Worldwide) is a holding company that, through its 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. The Company operates through two segments: YRC Freight and Regional Transportation. The Company’s 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. The Company’s Regional Transportation segment is a transportation service provider focused on business opportunities in the regional and next-day delivery markets. Regional Transportation comprises USF Holland Inc. (Holland), New Penn Motor Express, Inc. (New Penn) and USF Reddaway Inc. (Reddaway).

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.23, from 1.25 in 2016Q1. The ratio worsened, as 16 funds sold all YRC Worldwide Inc shares owned while 39 reduced positions. 14 funds bought stakes while 42 increased positions. They now own 25.08 million shares or 7.30% less from 27.05 million shares in 2016Q1.

Wells Fargo & Communication Mn has invested 0% of its portfolio in YRC Worldwide Inc (NASDAQ:YRCW). Moreover, Highbridge Capital Mngmt Ltd Limited Liability Company has 0% invested in YRC Worldwide Inc (NASDAQ:YRCW) for 23,466 shares. Smith Asset Mgmt L P accumulated 0% or 18,130 shares. Oppenheimer & Incorporated holds 0.03% or 117,750 shares in its portfolio. Tfs Capital owns 79,437 shares or 0.13% of their US portfolio. Panagora Asset Management Inc has 512,483 shares for 0.02% of their US portfolio. State Common Retirement Fund, a New York-based fund reported 34,700 shares. Retail Bank Of America De holds 0% or 44,286 shares in its portfolio. Tower Rech Limited Liability Company (Trc) owns 2,619 shares or 0% of their US portfolio. Metropolitan Life Ins New York holds 0% or 22,729 shares in its portfolio. Phoenix Investment Adviser Ltd Liability accumulated 147,000 shares or 1.2% of the stock. D E Shaw And last reported 217,485 shares in the company. Teacher Retirement Sys Of Texas owns 3,912 shares or 0% of their US portfolio. Moreover, California State Teachers Retirement System has 0% invested in YRC Worldwide Inc (NASDAQ:YRCW) for 68,273 shares. Goldman Sachs Grp last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 8 selling transactions for $1.86 million net activity. Hall Justin M. also sold $25,410 worth of YRC Worldwide Inc (NASDAQ:YRCW) shares. O’Connor Thomas Joseph III also sold $172,500 worth of YRC Worldwide Inc (NASDAQ:YRCW) on Tuesday, August 9. WELCH JAMES L sold $521,703 worth of YRC Worldwide Inc (NASDAQ:YRCW) on Friday, August 5. Shares for $114,400 were sold by Ware Scott D.. The insider Hawkins Darren sold $219,005. Pierson Jamie G. sold $552,720 worth of stock or 49,000 shares.

About 3,972 shares traded hands. YRC Worldwide Inc (NASDAQ:YRCW) has risen 18.78% since April 15, 2016 and is uptrending. It has outperformed by 14.16% the S&P500.

YRC Worldwide Inc. is a holding firm that, through its subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The company has a market cap of $338.28 million. The Firm has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. It has a 78.6 P/E ratio. It offers supply chain solutions enabling clients to ship industrial, commercial and retail goods.

YRC Worldwide Inc (NASDAQ:YRCW) Ratings Coverage

Out of 2 analysts covering YRC Worldwide Inc (NASDAQ:YRCW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $26 is the highest target while $11 is the lowest. The $19 average target is 72.10% above today’s ($11.04) stock price. YRC Worldwide Inc has been the topic of 6 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James on Wednesday, July 29 to “Strong Buy”. Deutsche Bank initiated it with “Hold” rating and $11 target price in Wednesday, November 2 report. The stock of YRC Worldwide Inc (NASDAQ:YRCW) earned “Buy” rating by Deutsche Bank on Friday, July 31. As per Friday, October 30, the company rating was upgraded by Stifel Nicolaus.

Another recent and important YRC Worldwide Inc (NASDAQ:YRCW) news was published by Fool.com which published an article titled: “Why YRC Worldwide Inc Shares Got Crushed” on February 05, 2016.

According to Zacks Investment Research, “YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities.”

YRCW Company Profile

YRC Worldwide Inc. (YRC Worldwide), incorporated on January 28, 1983, is a holding firm that, through its subsidiaries and its interest in a Chinese joint venture, JHJ International Transportation Company, Ltd., offers a range of transportation services. The Firm has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. It offers supply chain solutions enabling clients to ship industrial, commercial and retail goods. The Firm operates through two divisions: YRC Freight and Regional Transportation.

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