International L.P. Elliott Buys 2,235 Shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott purchased 2,235 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was bought at an average price of $10.97 per share, with a total value of $24,517.95. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Tuesday, July 16th, International L.P. Elliott purchased 4,540 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $11.58 per share, with a total value of $52,573.20.
  • On Friday, July 12th, International L.P. Elliott purchased 8,732 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $11.09 per share, with a total value of $96,837.88.
  • On Wednesday, July 10th, International L.P. Elliott purchased 1,343 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $9.78 per share, with a total value of $13,134.54.
  • On Friday, July 5th, International L.P. Elliott purchased 1,116 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $9.96 per share, with a total value of $11,115.36.
  • On Monday, July 8th, International L.P. Elliott purchased 1,576 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $9.97 per share, with a total value of $15,712.72.
  • On Wednesday, July 3rd, International L.P. Elliott purchased 2,671 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $10.06 per share, with a total value of $26,870.26.
  • On Monday, July 1st, International L.P. Elliott purchased 2,860 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $10.13 per share, with a total value of $28,971.80.
  • On Thursday, June 27th, International L.P. Elliott purchased 1,771 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $8.90 per share, with a total value of $15,761.90.
  • On Tuesday, June 25th, International L.P. Elliott purchased 2,834 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $8.99 per share, with a total value of $25,477.66.
  • On Friday, June 21st, International L.P. Elliott purchased 5,818 shares of Roadrunner Transportation Systems stock. The stock was bought at an average price of $9.10 per share, with a total value of $52,943.80.

Roadrunner Transportation Systems stock opened at $10.48 on Friday. The stock has a market cap of $393.73 million, a PE ratio of -0.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day simple moving average is $9.52. Roadrunner Transportation Systems Inc has a 52 week low of $7.97 and a 52 week high of $66.75.

Roadrunner Transportation Systems (NYSE:RRTS) last released its earnings results on Tuesday, May 7th. The transportation company reported ($1.58) EPS for the quarter. The business had revenue of $507.15 million for the quarter, compared to analysts’ expectations of $569.00 million. Roadrunner Transportation Systems had a negative net margin of 7.85% and a negative return on equity of 170.50%. Equities analysts forecast that Roadrunner Transportation Systems Inc will post -0.5 EPS for the current year.

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

Several institutional investors have recently added to or reduced their stakes in RRTS. Amica Retiree Medical Trust boosted its stake in shares of Roadrunner Transportation Systems by 2,313.8% during the 1st quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after buying an additional 1,843,701 shares during the last quarter. Elliott Management Corp boosted its stake in shares of Roadrunner Transportation Systems by 58.4% during the 4th quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock valued at $2,601,000 after buying an additional 1,932,372 shares during the last quarter. Finally, SG3 Management LLC purchased a new position in shares of Roadrunner Transportation Systems during the 1st quarter valued at approximately $11,235,000.

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

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