Short Interest in Roadrunner Transportation Systems Inc (NYSE:RRTS) Declines By 20.1%

Roadrunner Transportation Systems Inc (NYSE:RRTS) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 321,500 shares, a decline of 20.1% from the December 31st total of 402,500 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is presently 14.2 days. Currently, 0.9% of the company’s shares are short sold.

NYSE:RRTS remained flat at $$6.50 on Monday. The company’s stock had a trading volume of 5,143 shares, compared to its average volume of 24,770. The firm has a market capitalization of $244.64 million, a PE ratio of -0.14 and a beta of 1.46. Roadrunner Transportation Systems has a 12-month low of $6.45 and a 12-month high of $14.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.71. The business has a 50 day moving average of $8.41 and a 200-day moving average of $9.52.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings results on Wednesday, November 6th. The transportation company reported ($1.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.06). The company had revenue of $459.15 million during the quarter, compared to the consensus estimate of $494.60 million. Roadrunner Transportation Systems had a negative net margin of 16.27% and a negative return on equity of 92.83%. Sell-side analysts predict that Roadrunner Transportation Systems will post -4.24 EPS for the current year.

In other news, Director Charles W. Shaver acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $5.60 per share, with a total value of $56,000.00. Insiders have acquired a total of 22,156 shares of company stock valued at $173,188 over the last three months. Company insiders own 0.72% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Roadrunner Transportation Systems in the 2nd quarter valued at about $44,000. JPMorgan Chase & Co. bought a new stake in shares of Roadrunner Transportation Systems in the 2nd quarter valued at about $159,000. Finally, State Street Corp increased its stake in shares of Roadrunner Transportation Systems by 6.5% in the 3rd quarter. State Street Corp now owns 45,524 shares of the transportation company’s stock valued at $472,000 after acquiring an additional 2,782 shares during the last quarter. 94.99% of the stock is owned by institutional investors.

Several analysts have weighed in on the company. Zacks Investment Research raised Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine raised Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 4th.

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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