Posted by admin on May 24th, 2022
Yellow Co. (NASDAQ:YELL – Get Rating) Director Javier L. Evans purchased 3,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were purchased at an average cost of $3.72 per share, with a total value of $11,160.00. Following the completion of the purchase, the director now owns 11,576 shares in the company, valued at approximately $43,062.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:YELL traded down $0.27 on Tuesday, reaching $3.31. 984,255 shares of the company traded hands, compared to its average volume of 892,664. Yellow Co. has a fifty-two week low of $3.26 and a fifty-two week high of $15.24. The company’s 50 day moving average is $5.39 and its 200-day moving average is $9.17. The stock has a market capitalization of $170.52 million, a PE ratio of -2.31 and a beta of 3.09.
Yellow (NASDAQ:YELL – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.27). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.30 billion. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.26) EPS. As a group, research analysts forecast that Yellow Co. will post 0.75 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Yellow in the fourth quarter valued at $25,000. SG3 Management LLC acquired a new position in shares of Yellow in the fourth quarter worth $31,000. Dorsey Wright & Associates acquired a new position in shares of Yellow in the fourth quarter worth $56,000. Spire Wealth Management acquired a new position in shares of Yellow in the fourth quarter worth $69,000. Finally, Citigroup Inc. increased its stake in shares of Yellow by 135.5% in the third quarter. Citigroup Inc. now owns 5,643 shares of the company’s stock worth $32,000 after acquiring an additional 3,247 shares during the last quarter. Institutional investors own 48.50% of the company’s stock.
Separately, Zacks Investment Research lowered Yellow from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th.
Yellow Company Profile (Get Rating)
Yellow Corporation, through its subsidiaries, provides various transportation services primarily in North America. The company primarily offers less-than-truckload (LTL) shipments and supply chain solutions to transport industrial, commercial, and retail goods. It also provides customer-specific logistics solutions, including truckload, residential, and warehouse solutions, as well as ships apparels, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products or components.
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