Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Acquires $23,536.80 in Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott purchased 2,335 shares of Roadrunner Transportation Systems stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average price of $10.08 per share, for a total transaction of $23,536.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, August 1st, International L.P. Elliott purchased 4,987 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $9.42 per share, for a total transaction of $46,977.54.
  • On Friday, July 26th, International L.P. Elliott purchased 1,250 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $10.33 per share, for a total transaction of $12,912.50.
  • On Wednesday, July 24th, International L.P. Elliott purchased 1,866 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $10.66 per share, for a total transaction of $19,891.56.
  • On Monday, July 22nd, International L.P. Elliott purchased 1,434 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $10.42 per share, for a total transaction of $14,942.28.
  • On Thursday, July 18th, International L.P. Elliott purchased 2,235 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $10.97 per share, for a total transaction of $24,517.95.
  • On Tuesday, July 16th, International L.P. Elliott purchased 4,540 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $11.58 per share, for a total transaction of $52,573.20.
  • On Friday, July 12th, International L.P. Elliott purchased 8,732 shares of Roadrunner Transportation Systems stock. The stock was acquired 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 purchased 1,343 shares of Roadrunner Transportation Systems stock. The stock was acquired 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 purchased 1,116 shares of Roadrunner Transportation Systems stock. The stock was acquired 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 purchased 1,576 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $9.97 per share, for a total transaction of $15,712.72.

Shares of NYSE:RRTS opened at $9.45 on Friday. The firm has a 50-day moving average price of $9.91. Roadrunner Transportation Systems Inc has a fifty-two week low of $7.97 and a fifty-two week high of $53.75. 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 issued its quarterly earnings data on Tuesday, May 7th. The transportation company reported ($1.58) earnings per share for the quarter. The firm had revenue of $507.15 million during the quarter, compared to the consensus estimate of $569.00 million. Roadrunner Transportation Systems had a negative net margin of 7.85% and a negative return on equity of 170.50%. On average, research analysts expect that Roadrunner Transportation Systems Inc will post -0.5 earnings per share for the current fiscal year.

RRTS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. ValuEngine upgraded shares of Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Roadrunner Transportation Systems and gave the company a “hold” rating in a research report on Tuesday, May 28th.

A number of large investors have recently modified their holdings of the stock. Amica Retiree Medical Trust increased its stake in 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 period. SG3 Management LLC acquired a new position in Roadrunner Transportation Systems during the 1st quarter valued at about $11,235,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in Roadrunner Transportation Systems during the 2nd quarter valued at about $611,000.

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.

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