Roadrunner Transportation Systems Inc (NYSE:RRTS) traded up 16.7% during mid-day trading on Thursday . The stock traded as high as $2.56 and last traded at $2.51. 1,270,900 shares were traded during trading, an increase of 170% from the average session volume of 469,971 shares. The stock had previously closed at $2.15.
Separately, ValuEngine downgraded shares of Roadrunner Transportation Systems from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.00.
The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $96.65 million, a PE ratio of -1.11 and a beta of 0.91.
Several hedge funds have recently modified their holdings of RRTS. Schwab Charles Investment Management Inc. increased its position in shares of Roadrunner Transportation Systems by 5.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 486,601 shares of the transportation company’s stock worth $3,752,000 after acquiring an additional 25,849 shares in the last quarter. SG Americas Securities LLC acquired a new position in Roadrunner Transportation Systems during the fourth quarter worth $182,000. Crossmark Global Holdings Inc. boosted its holdings in Roadrunner Transportation Systems by 46.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 49,410 shares of the transportation company’s stock worth $381,000 after purchasing an additional 15,770 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Roadrunner Transportation Systems by 24.2% during the fourth quarter. California Public Employees Retirement System now owns 155,872 shares of the transportation company’s stock worth $1,202,000 after purchasing an additional 30,383 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Roadrunner Transportation Systems by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 82,515 shares of the transportation company’s stock worth $636,000 after purchasing an additional 29,021 shares during the last quarter. 69.23% of the stock is owned by institutional investors.
About Roadrunner Transportation Systems
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 Global Solutions. The company's TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its network of 42 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.
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