HighTower Advisors LLC Decreases Stock Position in Yellow Co. (NASDAQ:YELL)

HighTower Advisors LLC lessened its stake in shares of Yellow Co. (NASDAQ:YELL – Get Rating) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,182,933 shares of the company’s stock after selling 57,977 shares during the quarter. HighTower Advisors LLC’s holdings in Yellow were worth $2,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Yellow by 22.8% during the 1st quarter. Vanguard Group Inc. now owns 2,609,493 shares of the company’s stock valued at $18,293,000 after buying an additional 483,953 shares during the period. State Street Corp raised its holdings in Yellow by 73.1% during the 1st quarter. State Street Corp now owns 2,497,242 shares of the company’s stock valued at $17,506,000 after buying an additional 1,054,720 shares during the period. Marshall Wace LLP increased its stake in Yellow by 176.5% in the third quarter. Marshall Wace LLP now owns 1,693,285 shares of the company’s stock worth $8,588,000 after purchasing an additional 1,080,817 shares during the period. Two Sigma Advisers LP increased its stake in Yellow by 6.6% in the third quarter. Two Sigma Advisers LP now owns 924,300 shares of the company’s stock worth $4,686,000 after purchasing an additional 57,300 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Yellow by 154.3% in the second quarter. Renaissance Technologies LLC now owns 841,700 shares of the company’s stock worth $2,466,000 after purchasing an additional 510,700 shares during the period. Hedge funds and other institutional investors own 42.96% of the company’s stock.

Yellow Price Performance

Shares of NASDAQ YELL opened at $1.39 on Monday. The business has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $2.55. Yellow Co. has a fifty-two week low of $1.31 and a fifty-two week high of $8.51.

Yellow (NASDAQ:YELL – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.50). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Yellow had a negative net margin of 0.10% and a negative return on equity of 6.10%. As a group, equities research analysts forecast that Yellow Co. will post -2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on YELL shares. Stephens reiterated an “equal weight” rating and issued a $3.00 target price on shares of Yellow in a research note on Friday, March 10th. Stifel Nicolaus dropped their price objective on Yellow from $3.00 to $2.50 in a research report on Wednesday, May 10th.

Yellow Company Profile

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Yellow Corp. operates as a holding company, which, through its subsidiaries, engages in the provision of transportation services. It operates through the portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company. The company was founded by A. J. Harrell in 1924 and is headquartered in Nashville, TN.