Comerica Bank lowered its position in shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,553 shares of the company’s stock after selling 1,788 shares during the period. Comerica Bank owned about 0.08% of Roadrunner Transportation Systems worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RRTS. Arizona State Retirement System lifted its stake in shares of Roadrunner Transportation Systems by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 15,828 shares of the company’s stock valued at $115,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Roadrunner Transportation Systems by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 22,106 shares of the company’s stock valued at $161,000 after acquiring an additional 185 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Roadrunner Transportation Systems by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 59,223 shares of the company’s stock valued at $431,000 after acquiring an additional 1,095 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Roadrunner Transportation Systems by 8.9% in the 2nd quarter. Legal & General Group Plc now owns 55,124 shares of the company’s stock valued at $401,000 after acquiring an additional 4,524 shares during the last quarter. Finally, Denver Investment Advisors LLC bought a new stake in shares of Roadrunner Transportation Systems in the 2nd quarter valued at about $118,000.

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Separately, BidaskClub raised Roadrunner Transportation Systems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 30th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.67.

Shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) opened at 9.53 on Friday. Roadrunner Transportation Systems Inc has a 1-year low of $6.05 and a 1-year high of $11.88. The company has a market cap of $365.38 million and a price-to-earnings ratio of 14.73. The stock has a 50 day moving average price of $7.08 and a 200-day moving average price of $6.87.

About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions.

Institutional Ownership by Quarter for Roadrunner Transportation Systems (NASDAQ:RRTS)

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