Creative Planning bought a new position in shares of Yellow Co. (NASDAQ:YELL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,385 shares of the company’s stock, valued at approximately $133,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in YELL. Ausdal Financial Partners Inc. acquired a new stake in Yellow during the first quarter worth approximately $158,000. BCK Capital Management LP acquired a new stake in Yellow in the 1st quarter valued at $733,000. BlackRock Inc. bought a new stake in Yellow during the 1st quarter valued at $9,094,000. Boston Partners acquired a new position in Yellow during the first quarter worth $1,193,000. Finally, HighTower Advisors LLC bought a new position in shares of Yellow in the first quarter valued at $9,333,000. 49.07% of the stock is owned by institutional investors and hedge funds.
YELL has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Yellow from a “hold” rating to a “sell” rating in a report on Friday, August 13th. Stifel Nicolaus started coverage on Yellow in a research note on Monday, June 21st. They set a “hold” rating for the company.
Yellow (NASDAQ:YELL) last announced its earnings results on Tuesday, August 3rd. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm earned ($1.09) EPS. The firm’s revenue was up 29.3% on a year-over-year basis. Equities research analysts expect that Yellow Co. will post -1.37 earnings per share for the current year.
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 Overland Park, KS.
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