Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott bought 2,625 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $7.98 per share, for a total transaction of $20,947.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

International L.P. Elliott also recently made the following trade(s):

  • On Friday, August 9th, International L.P. Elliott acquired 3,663 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $8.71 per share, for a total transaction of $31,904.73.
  • On Wednesday, August 7th, International L.P. Elliott acquired 11,247 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $8.93 per share, for a total transaction of $100,435.71.
  • On Monday, August 5th, International L.P. Elliott acquired 2,610 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $9.22 per share, for a total transaction of $24,064.20.
  • On Thursday, August 1st, International L.P. Elliott acquired 4,987 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $9.42 per share, for a total transaction of $46,977.54.
  • On Tuesday, July 30th, International L.P. Elliott acquired 2,335 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.08 per share, for a total transaction of $23,536.80.
  • On Friday, July 26th, International L.P. Elliott acquired 1,250 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.33 per share, for a total transaction of $12,912.50.
  • On Wednesday, July 24th, International L.P. Elliott acquired 1,866 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.66 per share, for a total transaction of $19,891.56.
  • On Monday, July 22nd, International L.P. Elliott acquired 1,434 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.42 per share, for a total transaction of $14,942.28.
  • On Thursday, July 18th, International L.P. Elliott acquired 2,235 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.97 per share, for a total transaction of $24,517.95.
  • On Tuesday, July 16th, International L.P. Elliott acquired 4,540 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $11.58 per share, for a total transaction of $52,573.20.

Shares of NYSE:RRTS traded down $0.42 during midday trading on Wednesday, reaching $7.49. 212 shares of the company were exchanged, compared to its average volume of 47,027. Roadrunner Transportation Systems Inc has a fifty-two week low of $7.65 and a fifty-two week high of $48.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s fifty day moving average price is $9.92. The firm has a market cap of $308.08 million, a price-to-earnings ratio of -0.08 and a beta of 1.51.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in shares of Roadrunner Transportation Systems in the 2nd quarter valued at about $44,000. JPMorgan Chase & Co. bought a new position in shares of Roadrunner Transportation Systems in the 2nd quarter valued at about $159,000. NJ State Employees Deferred Compensation Plan bought a new position in shares of Roadrunner Transportation Systems in the 2nd quarter valued at about $611,000. Amica Retiree Medical Trust grew its position in shares of Roadrunner Transportation Systems by 2,313.8% in the 1st quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after acquiring an additional 1,843,701 shares during the period. Finally, SG3 Management LLC bought a new position in shares of Roadrunner Transportation Systems in the 1st quarter valued at about $11,235,000.

RRTS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. ValuEngine upgraded shares of Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Roadrunner Transportation Systems and gave the stock a “hold” rating in a report on Tuesday, May 28th.

Roadrunner Transportation Systems Company Profile

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload & Express Services (TES), Less-than-Truckload (LTL), and Ascent Global Logistics. The TES segment provides air and ground expedite, scheduled truckload, intermodal, temperature-controlled truckload, and other truckload and logistics services; and arranges the pickup and delivery of TES freight through its 35 TES service centers in the United States.

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