Insider Buying: Yellow Co. (NASDAQ:YELL) Director Buys 20,000 Shares of Stock

Yellow Co. (NASDAQ:YELLGet Rating) Director Douglas A. Carty purchased 20,000 shares of the stock in a transaction dated Monday, May 16th. The shares were purchased at an average price of $3.54 per share, with a total value of $70,800.00. Following the transaction, the director now directly owns 181,395 shares of the company’s stock, valued at approximately $642,138.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

YELL stock opened at $4.32 on Wednesday. The company has a market capitalization of $222.56 million, a P/E ratio of -3.00 and a beta of 3.08. The company has a 50-day simple moving average of $5.70 and a 200 day simple moving average of $9.35. Yellow Co. has a fifty-two week low of $3.37 and a fifty-two week high of $15.24.

Yellow (NASDAQ:YELLGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.27). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.30 billion. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.26) earnings per share. On average, sell-side analysts expect that Yellow Co. will post 0.75 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Yellow from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th.

Hedge funds have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC bought a new stake in Yellow during the fourth quarter worth approximately $25,000. SG3 Management LLC bought a new position in shares of Yellow in the fourth quarter valued at $31,000. Citigroup Inc. boosted its stake in shares of Yellow by 135.5% during the 3rd quarter. Citigroup Inc. now owns 5,643 shares of the company’s stock worth $32,000 after acquiring an additional 3,247 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Yellow during the 1st quarter worth $45,000. Finally, Dorsey Wright & Associates purchased a new stake in shares of Yellow during the fourth quarter valued at $56,000. 48.50% of the stock is owned by institutional investors and hedge funds.

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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