David Scott Mcclimon Acquires 26,000 Shares of Yellow Co. (NASDAQ:YELL) Stock

Yellow Co. (NASDAQ:YELLGet Rating) Director David Scott Mcclimon acquired 26,000 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were bought at an average price of $3.74 per share, for a total transaction of $97,240.00. Following the acquisition, the director now owns 46,000 shares in the company, valued at approximately $172,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of YELL stock traded down $0.03 on Friday, reaching $3.60. 1,305,481 shares of the company’s stock traded hands, compared to its average volume of 892,730. The company has a market capitalization of $185.46 million, a P/E ratio of -2.50 and a beta of 3.09. Yellow Co. has a 12-month low of $3.36 and a 12-month high of $15.24. The business’s 50 day moving average price is $5.54 and its two-hundred day moving average price is $9.27.

Yellow (NASDAQ:YELLGet Rating) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned ($1.26) earnings per share. Yellow’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Yellow Co. will post 0.75 EPS for the current year.

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

Several large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY grew its stake in Yellow by 27.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,344 shares of the company’s stock valued at $105,000 after purchasing an additional 1,803 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Yellow during the 4th quarter valued at about $25,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Yellow by 14.7% during the 4th quarter. Parametric Portfolio Associates LLC now owns 17,940 shares of the company’s stock valued at $226,000 after buying an additional 2,294 shares during the last quarter. SG3 Management LLC acquired a new position in Yellow in the fourth quarter worth approximately $31,000. Finally, Citigroup Inc. increased its holdings in Yellow by 135.5% in the third quarter. Citigroup Inc. now owns 5,643 shares of the company’s stock worth $32,000 after buying an additional 3,247 shares during the last quarter. Institutional investors and hedge funds own 48.50% of the company’s stock.

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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