Millennium Management LLC Cuts Position in Roadrunner Transportation Systems Inc (RRTS)

Millennium Management LLC reduced its position in Roadrunner Transportation Systems Inc (NYSE:RRTS) by 78.2% during the 4th quarter, reports. The institutional investor owned 128,302 shares of the transportation company’s stock after selling 459,892 shares during the period. Millennium Management LLC’s holdings in Roadrunner Transportation Systems were worth $64,000 at the end of the most recent quarter.

In related news, major shareholder Associates L.P. Elliott purchased 231,143,609 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was purchased at an average cost of $0.50 per share, for a total transaction of $115,571,804.50. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on RRTS shares. Zacks Investment Research raised Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded Roadrunner Transportation Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

Shares of NYSE RRTS opened at $11.16 on Friday. Roadrunner Transportation Systems Inc has a 12-month low of $9.26 and a 12-month high of $87.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.07.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings results on Tuesday, March 12th. The transportation company reported ($32.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.25) by ($31.25). Roadrunner Transportation Systems had a negative net margin of 7.85% and a negative return on equity of 170.50%. The company had revenue of $551.55 million during the quarter, compared to analyst estimates of $574.20 million. On average, equities research analysts anticipate that Roadrunner Transportation Systems Inc will post 0.25 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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