Roadrunner Transportation Systems (NYSE:RRTS) Trading Up 6.6%

Roadrunner Transportation Systems Inc (NYSE:RRTS)’s share price was up 6.6% on Friday . The company traded as high as $11.93 and last traded at $11.46, approximately 107,887 shares traded hands during trading. An increase of 122% from the average daily volume of 48,705 shares. The stock had previously closed at $10.75.

A number of analysts have weighed in on RRTS shares. Stifel Nicolaus set a $14.00 price target on Roadrunner Transportation Systems and gave the stock a “hold” rating in a report on Tuesday, May 28th. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.83. The stock has a fifty day moving average price of $9.51. The firm has a market cap of $363.67 million, a PE ratio of -0.11 and a beta of 1.51.

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

In other news, major shareholder International L.P. Elliott bought 8,321 shares of Roadrunner Transportation Systems stock in a transaction dated Monday, June 17th. The stock was bought at an average cost of $8.20 per share, for a total transaction of $68,232.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders bought 37,264 shares of company stock valued at $336,004. 0.72% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of RRTS. Elliott Management Corp grew its stake in shares of Roadrunner Transportation Systems by 58.4% in 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 period. Amica Retiree Medical Trust grew its stake 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 buying an additional 1,843,701 shares during the period. Finally, SG3 Management LLC acquired a new stake in shares of Roadrunner Transportation Systems in the 1st quarter valued at about $11,235,000.

About Roadrunner Transportation Systems (NYSE:RRTS)

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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