YRC Worldwide Helped By Strong Results
Shares of YRC Worldwide Inc (NASDAQ:YRCW) are trading up by 18% on Friday, after the company posted financial results that beat top and bottom line estimates. EPS of $0.83 topped the Street’s consensus by $0.30, while revenue of $1.21 billion came in $10 million ahead of expectations. A total of 23 funds among those we track were long YRC Worldwide Inc (NASDAQ:YRCW) at the end of the first quarter, including Marc Lasry‘s Avenue Capital, which kept the largest stake of 4.8 million shares, down by 19% over the quarter.
Anavex Life Sciences Rebounds On Clearer Results
Also on the rise on Friday is Anavex Life Sciences Corp. (NASDAQ:AVXL), which has gained nearly 8%, recuperating some of the ground lost over the week. Shares plummeted this week, on concerning results of its Phase 2a Alzheimer’s study for ANAVEX 2-73. Today’s rebound was a reaction to a company statement explaining that the trial was successful in determining the maximum dose patients can tolerate and revealing the doses range. At the end of March, only five funds in our database were bullish on Anavex Life Sciences Corp. (NASDAQ:AVXL), up from two funds registered three months earlier.
Amira Nature Foods Thrives Despite Declining Sales
Finally, there’s Amira Nature Foods Ltd (NYSE:ANFI), which has surged by about 14% on Friday, following the announcement of the company’s financial results for fiscal 2016 ended March 31. The company earned $1.17 per share during the year, on revenue of $563.45 million, which compares with EPS of $1.56 and revenue of $700.04 million reported for the previous fiscal year. At the end of the first quarter, Amira Nature Foods Ltd (NYSE:ANFI) saw four funds among those we track holding shares, including D E Shaw, which declared ownership of 124,564 shares as of March 31.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.