Roadrunner Transportation Systems Inc (NYSE:RRTS) shares fell 5.8% during mid-day trading on Monday . The stock traded as low as $0.49 and last traded at $0.49. 3,004,366 shares changed hands during mid-day trading, an increase of 709% from the average session volume of 371,449 shares. The stock had previously closed at $0.52.

Several research firms have issued reports on RRTS. ValuEngine upgraded shares of Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Stifel Nicolaus began coverage on shares of Roadrunner Transportation Systems in a research report on Tuesday, January 15th. They issued a “hold” rating on the stock.

The company has a debt-to-equity ratio of 25.38, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $20.21 million, a PE ratio of -0.21 and a beta of 1.53.

In other Roadrunner Transportation Systems news, major shareholder Associates L.P. Elliott purchased 277,611 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were purchased at an average price of $0.70 per share, for a total transaction of $194,327.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders acquired 302,962 shares of company stock worth $210,369. 1.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RRTS. Renaissance Technologies LLC grew its position in Roadrunner Transportation Systems by 39.7% during the 2nd quarter. Renaissance Technologies LLC now owns 336,900 shares of the transportation company’s stock worth $704,000 after purchasing an additional 95,700 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Roadrunner Transportation Systems by 698.0% during the 2nd quarter. Millennium Management LLC now owns 1,017,441 shares of the transportation company’s stock valued at $2,126,000 after buying an additional 889,936 shares during the period. Amica Mutual Insurance Co. boosted its stake in shares of Roadrunner Transportation Systems by 30.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 703,745 shares of the transportation company’s stock valued at $588,000 after buying an additional 164,369 shares during the period. Finally, Amica Pension Fund Board of Trustees boosted its stake in shares of Roadrunner Transportation Systems by 30.5% during the 3rd quarter. Amica Pension Fund Board of Trustees now owns 632,361 shares of the transportation company’s stock valued at $529,000 after buying an additional 147,854 shares during the period. Hedge funds and other institutional investors own 37.62% of the company’s stock.

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Roadrunner Transportation Systems Company Profile (NYSE:RRTS)

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload Logistics (TL), Less-than-Truckload (LTL), and Ascent Global Logistics. The TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its 41 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.

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