The Manufacturers Life Insurance Company raised its stake in Roadrunner Transportation Systems, Inc (NYSE:RRTS) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,282 shares of the transportation company’s stock after purchasing an additional 1,039 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Roadrunner Transportation Systems worth $198,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RRTS. Texas Permanent School Fund increased its stake in Roadrunner Transportation Systems by 0.8% in the second quarter. Texas Permanent School Fund now owns 22,106 shares of the transportation company’s stock valued at $161,000 after purchasing an additional 185 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Roadrunner Transportation Systems by 48.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 414,185 shares of the transportation company’s stock worth $3,012,000 after acquiring an additional 135,100 shares during the last quarter. Arizona State Retirement System grew its position in shares of Roadrunner Transportation Systems by 0.6% during the second quarter. Arizona State Retirement System now owns 15,828 shares of the transportation company’s stock worth $115,000 after acquiring an additional 100 shares during the last quarter. Rhumbline Advisers grew its position in shares of Roadrunner Transportation Systems by 1.9% during the second quarter. Rhumbline Advisers now owns 59,223 shares of the transportation company’s stock worth $431,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Denver Investment Advisors LLC purchased a new position in shares of Roadrunner Transportation Systems during the second quarter worth approximately $118,000. Institutional investors own 72.68% of the company’s stock.

Shares of Roadrunner Transportation Systems, Inc (RRTS) traded up $0.14 on Tuesday, hitting $8.58. 138,600 shares of the stock were exchanged, compared to its average volume of 195,324. The stock has a market capitalization of $323.60, a price-to-earnings ratio of 11.89 and a beta of 0.88. Roadrunner Transportation Systems, Inc has a twelve month low of $6.05 and a twelve month high of $11.88.

RRTS has been the topic of a number of research reports. BidaskClub upgraded shares of Roadrunner Transportation Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 25th. TheStreet lowered shares of Roadrunner Transportation Systems from a “b-” rating to a “c+” rating in a research report on Thursday, November 16th. Finally, Robert W. Baird restated a “hold” rating and set a $8.00 target price on shares of Roadrunner Transportation Systems in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.00.

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Roadrunner Transportation Systems 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 (NYSE:RRTS)

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