Is Buying Stock Like YRC Worldwide Inc Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like YRC Worldwide Inc Good Idea After Today's Bullish Options Activity?

In today’s session YRC Worldwide Inc (YRCW) registered an unusually high (1,022) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious YRCW increase. With 1,022 contracts traded and 354 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: YRCW161118C00016000 closed last at: $0.37 or 0% . About 965,542 shares traded hands or 94.66% up from the average. YRC Worldwide Inc (NASDAQ:YRCW) has risen 2.96% since March 29, 2016 and is uptrending. It has underperformed by 0.52% the S&P500.

Analysts await YRC Worldwide Inc (NASDAQ:YRCW) to report earnings on November, 3. They expect $0.43 EPS, down 29.51% or $0.18 from last year’s $0.61 per share. YRCW’s profit will be $10.32 million for 5.27 P/E if the $0.43 EPS becomes a reality. After $0.83 actual EPS reported by YRC Worldwide Inc for the previous quarter, Wall Street now forecasts -48.19% negative EPS growth.

YRC Worldwide Inc (NASDAQ:YRCW) Ratings Coverage

Out of 2 analysts covering YRC Worldwide Inc (NASDAQ:YRCW), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $26 is the highest target while $16 is the lowest. The $20.67 average target is 127.89% above today’s ($9.07) stock price. YRC Worldwide Inc has been the topic of 5 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of YRC Worldwide Inc (NASDAQ:YRCW) earned “Buy” rating by Stifel Nicolaus on Friday, October 30. The stock has “Strong Buy” rating given by Raymond James on Wednesday, July 29. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.23, from 1.25 in 2016Q1. The ratio turned negative, 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.
Metropolitan Life Ny last reported 0% of its portfolio in the stock. Nationwide Fund Advisors has 218,475 shares for 0.01% of their US portfolio. Bank Of New York Mellon, a New York-based fund reported 156,478 shares. Rhumbline Advisers has invested 0% of its portfolio in YRC Worldwide Inc (NASDAQ:YRCW). Moreover, Millennium Limited Liability Com has 0% invested in YRC Worldwide Inc (NASDAQ:YRCW) for 152,000 shares. Moreover, Atwood And Palmer Incorporated has 0% invested in YRC Worldwide Inc (NASDAQ:YRCW) for 3 shares. Manufacturers Life Ins The holds 23,228 shares or 0% of its portfolio. Pomelo Cap Limited Liability Co has 40,000 shares for 0.02% of their US portfolio. The Minnesota-based Thrivent Financial For Lutherans has invested 0% in YRC Worldwide Inc (NASDAQ:YRCW). Moreover, Invesco Limited has 0% invested in YRC Worldwide Inc (NASDAQ:YRCW) for 71,981 shares. Weiss Multi holds 113,022 shares or 0.08% of its portfolio. Chicago Equity Ltd Liability, a Illinois-based fund reported 240,619 shares. Parallax Volatility Advisers L P has invested 0% of its portfolio in YRC Worldwide Inc (NASDAQ:YRCW). Boothbay Fund Mngmt Lc holds 16,085 shares or 0.07% of its portfolio. Reilly Finance Advsrs Ltd Liability has 0% invested in the company for 220 shares.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 8 insider sales for $1.86 million net activity. WELCH JAMES L sold $231,248 worth of stock or 19,918 shares. $114,400 worth of YRC Worldwide Inc (NASDAQ:YRCW) shares were sold by Ware Scott D.. 2,200 shares were sold by Hall Justin M., worth $25,410 on Tuesday, August 23. O’Connor Thomas Joseph III sold 14,411 shares worth $172,500. $219,005 worth of YRC Worldwide Inc (NASDAQ:YRCW) shares were sold by Hawkins Darren. 49,000 YRC Worldwide Inc (NASDAQ:YRCW) shares with value of $552,720 were sold by Pierson Jamie G..

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 $217.64 million. The Firm has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. It has a 64.61 P/E ratio. It offers supply chain solutions enabling clients to ship industrial, commercial and retail goods.

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.

More notable recent YRC Worldwide Inc (NASDAQ:YRCW) news were published by: Fool.com which released: “Why YRC Worldwide Inc.’s Shares Plunged 23% Today” on October 28, 2016, also Nasdaq.com with their article: “YRC Worldwide Inc. Profit Retreats 9% In Q3” published on October 27, 2016, Fool.com published: “Why YRC Worldwide Inc Shares Got Crushed” on February 05, 2016. More interesting news about YRC Worldwide Inc (NASDAQ:YRCW) were released by: Fool.com and their article: “Why YRC Worldwide Inc.’s Shares Jumped 18% Today” published on July 29, 2016 as well as Fool.com‘s news article titled: “Why YRC Worldwide Inc.’s Shares Rose Today” with publication date: April 29, 2016.

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