Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Buys $52,573.20 in Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott acquired 4,540 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were purchased at an average cost of $11.58 per share, for a total transaction of $52,573.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, July 18th, International L.P. Elliott bought 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 Friday, July 12th, International L.P. Elliott bought 8,732 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $11.09 per share, for a total transaction of $96,837.88.
  • On Wednesday, July 10th, International L.P. Elliott bought 1,343 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $9.78 per share, for a total transaction of $13,134.54.
  • On Friday, July 5th, International L.P. Elliott bought 1,116 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $9.96 per share, for a total transaction of $11,115.36.
  • On Monday, July 8th, International L.P. Elliott bought 1,576 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $9.97 per share, for a total transaction of $15,712.72.
  • On Wednesday, July 3rd, International L.P. Elliott bought 2,671 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.06 per share, for a total transaction of $26,870.26.
  • On Monday, July 1st, International L.P. Elliott bought 2,860 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $10.13 per share, for a total transaction of $28,971.80.
  • On Thursday, June 27th, International L.P. Elliott bought 1,771 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $8.90 per share, for a total transaction of $15,761.90.
  • On Tuesday, June 25th, International L.P. Elliott bought 2,834 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $8.99 per share, for a total transaction of $25,477.66.
  • On Friday, June 21st, International L.P. Elliott bought 5,818 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $9.10 per share, for a total transaction of $52,943.80.

Shares of RRTS stock opened at $10.48 on Friday. Roadrunner Transportation Systems Inc has a 1 year low of $7.97 and a 1 year high of $66.75. The business’s 50 day moving average is $9.52. The firm has a market capitalization of $382.84 million, a price-to-earnings ratio of -0.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 1.07.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported ($1.58) earnings per share for the quarter. Roadrunner Transportation Systems had a negative net margin of 7.85% and a negative return on equity of 170.50%. The business had revenue of $507.15 million during the quarter, compared to analyst estimates of $569.00 million. Equities research analysts anticipate that Roadrunner Transportation Systems Inc will post -0.5 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $14.00 target price on shares of Roadrunner Transportation Systems and gave the stock a “hold” rating in a research report on Tuesday, May 28th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elliott Management Corp grew its stake in Roadrunner Transportation Systems by 58.4% in the fourth quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock worth $2,601,000 after purchasing an additional 1,932,372 shares in the last quarter. Amica Retiree Medical Trust grew its stake in Roadrunner Transportation Systems by 2,313.8% in the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock worth $808,000 after purchasing an additional 1,843,701 shares in the last quarter. Finally, SG3 Management LLC acquired a new position in Roadrunner Transportation Systems in the first quarter worth about $11,235,000.

About Roadrunner Transportation Systems

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.

See Also: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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