Insider Buying: Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Purchases 5,818 Shares of Stock

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Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott bought 5,818 shares of Roadrunner Transportation Systems stock in a transaction on Friday, June 21st. The stock was acquired at an average price of $9.10 per share, with a total value of $52,943.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, June 25th, International L.P. Elliott bought 2,834 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $8.99 per share, with a total value of $25,477.66.
  • On Wednesday, June 19th, International L.P. Elliott acquired 5,772 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.95 per share, with a total value of $51,659.40.
  • On Thursday, June 13th, International L.P. Elliott acquired 3,182 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.21 per share, with a total value of $26,124.22.
  • On Monday, June 17th, International L.P. Elliott bought 8,321 shares of Roadrunner Transportation Systems stock. The shares were bought at an average price of $8.20 per share, with a total value of $68,232.20.

NYSE:RRTS opened at $8.79 on Thursday. The firm has a market cap of $334.00 million, a PE ratio of -0.09 and a beta of 1.56. Roadrunner Transportation Systems Inc has a one year low of $7.97 and a one year high of $87.00. The firm’s fifty day moving average is $9.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.83.

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

Several equities analysts recently commented on RRTS shares. Zacks Investment Research upgraded shares of Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. ValuEngine cut shares of Roadrunner Transportation Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus set a $14.00 target price on shares of Roadrunner Transportation Systems and gave the company a “hold” rating in a research note on Tuesday, May 28th.

A number of large investors have recently added to or reduced their stakes in the stock. Elliott Management Corp raised its stake in Roadrunner Transportation Systems by 58.4% during the 4th quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock valued at $2,601,000 after purchasing an additional 1,932,372 shares during the last quarter. Amica Retiree Medical Trust raised 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 purchasing an additional 1,843,701 shares during the last quarter. Finally, SG3 Management LLC acquired a new position in Roadrunner Transportation Systems during the 1st quarter valued at $11,235,000.

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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Insider Buying and Selling by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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