Shares of YRC Worldwide Inc (NASDAQ:YRCW) are down 17.83% in the pre-market after the company reported their fourth quarter and full-year results for 2015. Most notably, the company reported an operating loss of $15.3 million for the fourth quarter, compared to last years operating income of $31.2 million. While this has disappointed many investors, $28.7 million was used for a non-union pension settlement charge, so the numbers do appear a bit skewed.
Other areas saw improvement. For example, the company’s debt-to-adjusted EBITDA ratio improved to 3.25 in the quarter, after reporting 4.57 last year. Full year operating income more than doubled this year as well, coming in at $93 million as opposed to just $45.5 million a year ago.
The stock closed at $10.71 during the last trading session. It is down 15.47% since July 1, 2015 and is downtrending. It has underperformed the S&P500 by 8.17%.
From a total of 2 analysts covering YRC Worldwide Inc (NASDAQ:YRCW) stock, 2 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $26 while the lowest target price is $20. The mean of all analyst targets is $24 which is 124.09% above today’s ($10.71) stock price. YRC Worldwide Inc was the topic of 4 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus upgraded shares on October 30 to a “Buy” rating.
The institutional sentiment increased to 2.38 in Q2 2015. It’s up 1.38, from 1 in 2015Q2. The ratio increased, as 11 funds sold all their YRC Worldwide Inc shares they owned while 28 reduced their positions. 49 funds bought stakes while 44 increased their total positions. Institutions now own 26.55 million shares which is 0.79% less than the previous share count of 26.76 million in 2015Q2.
Lasry Marc holds 12.43% of its total portfolio in YRC Worldwide Inc, equating to 5.87 million shares. Aym Capital Llc owns 95,864 shares representing 6.21% of their total US portfolio. Moreover, Ramsey Asset Management has 1.75% of their total portfolio invested in the company, equating to 74,793 shares. The New York-based Newland Capital Management Llc has a total of 1.36% of their portfolio invested in the stock. Phoenix Investment Adviser Llc, a New York-based fund reported 101,361 shares owned.
Since August 6, 2015, the stock had 0 insider buys, and 1 insider sale for a total of $72,139 in net activity. Hawkins Darren sold 3,705 shares worth $72,139. Welch James L sold 41,107 shares worth $825,466. Ware Scott D. sold 1,345 shares worth $28,245. Pierson Jamie G. sold 84,155 shares worth $1.72M.
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 market cap of $349.32 million. The Firm has a less-than-truckload networks in North America with local, regional, national and international capabilities. It has 11.82 P/E ratio. It offers supply chain solutions enabling clients to ship industrial, commercial and retail goods.