First Trust Advisors LP trimmed its stake in Roadrunner Transportation Systems Inc (NASDAQ:RRTS) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,199 shares of the company’s stock after selling 832 shares during the quarter. First Trust Advisors LP owned 0.07% of Roadrunner Transportation Systems worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Roadrunner Transportation Systems by 48.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 414,185 shares of the company’s stock worth $3,012,000 after purchasing an additional 135,100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Roadrunner Transportation Systems by 43.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 192,050 shares of the company’s stock worth $1,397,000 after purchasing an additional 58,150 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Roadrunner Transportation Systems by 0.8% in the second quarter. Texas Permanent School Fund now owns 22,106 shares of the company’s stock worth $161,000 after purchasing an additional 185 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Roadrunner Transportation Systems by 0.6% in the second quarter. Arizona State Retirement System now owns 15,828 shares of the company’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter.

Roadrunner Transportation Systems Inc (RRTS) opened at 9.53 on Friday. The company’s 50-day moving average is $7.08 and its 200 day moving average is $6.87. Roadrunner Transportation Systems Inc has a 12 month low of $6.05 and a 12 month high of $11.88. The company has a market cap of $365.38 million and a price-to-earnings ratio of 14.73.

Separately, BidaskClub raised shares of Roadrunner Transportation Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.67.

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Roadrunner Transportation Systems Company Profile

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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