Roadrunner Transportation Systems (NYSE:RRTS) Shares Up 6.7%

Shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) shot up 6.7% during trading on Friday . The company traded as high as $10.26 and last traded at $9.55. 421,955 shares changed hands during mid-day trading, an increase of 759% from the average session volume of 49,095 shares. The stock had previously closed at $8.95.

A number of brokerages have commented on RRTS. Zacks Investment Research downgraded Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. 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 upgraded Roadrunner Transportation Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th.

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day moving average is $9.87.

Roadrunner Transportation Systems (NYSE:RRTS) last issued its earnings results on Tuesday, May 7th. The transportation company reported ($1.58) EPS for the quarter. 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 $507.15 million during the quarter, compared to analyst estimates of $569.00 million. On average, research analysts forecast that Roadrunner Transportation Systems Inc will post -0.5 EPS for the current fiscal year.

In other Roadrunner Transportation Systems news, major shareholder International L.P. Elliott acquired 8,321 shares of Roadrunner Transportation Systems stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $8.20 per share, for a total transaction of $68,232.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders acquired 27,698 shares of company stock valued at $240,199. 0.72% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG3 Management LLC acquired a new position in shares of Roadrunner Transportation Systems during the first quarter worth approximately $11,235,000. Amica Retiree Medical Trust boosted its position in shares of Roadrunner Transportation Systems by 2,313.8% during the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock worth $808,000 after buying an additional 1,843,701 shares during the period. Finally, Elliott Management Corp boosted its position in shares of Roadrunner Transportation Systems by 58.4% during the fourth quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock worth $2,601,000 after buying an additional 1,932,372 shares during the period.

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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