Roadrunner Transportation Systems (RRTS) Shares Down 10.9%

Shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) dropped 10.9% during trading on Monday . The stock traded as low as $3.57 and last traded at $3.69. Approximately 959,717 shares traded hands during mid-day trading, an increase of 263% from the average daily volume of 264,480 shares. The stock had previously closed at $4.14.

RRTS has been the topic of several research reports. TheStreet lowered shares of Roadrunner Transportation Systems from a “c” rating to an “e+” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Roadrunner Transportation Systems has an average rating of “Hold” and an average price target of $8.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Roadrunner Transportation Systems by 0.6% in the fourth quarter. BlackRock Inc. now owns 3,903,766 shares of the transportation company’s stock worth $30,099,000 after purchasing an additional 23,556 shares in the last quarter. State Street Corp increased its stake in shares of Roadrunner Transportation Systems by 7.9% in the second quarter. State Street Corp now owns 905,714 shares of the transportation company’s stock worth $6,585,000 after purchasing an additional 66,412 shares in the last quarter. LSV Asset Management increased its stake in shares of Roadrunner Transportation Systems by 32.0% in the fourth quarter. LSV Asset Management now owns 859,801 shares of the transportation company’s stock worth $6,629,000 after purchasing an additional 208,400 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Roadrunner Transportation Systems by 5.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 486,601 shares of the transportation company’s stock worth $3,752,000 after purchasing an additional 25,849 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Roadrunner Transportation Systems by 182.3% in the fourth quarter. Millennium Management LLC now owns 482,295 shares of the transportation company’s stock worth $3,718,000 after purchasing an additional 311,450 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions.

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