Roadrunner Transportation Systems Inc (NYSE:RRTS) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.49 and last traded at $3.49, with a volume of 129793 shares traded. The stock had previously closed at $3.60.
RRTS has been the subject of several research reports. TheStreet downgraded Roadrunner Transportation Systems from a “c” rating to an “e+” rating in a research note on Tuesday, February 6th. Zacks Investment Research raised Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.00.
A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in Roadrunner Transportation Systems in the 4th quarter valued at about $122,000. Millennium Management LLC raised its stake in Roadrunner Transportation Systems by 182.3% in the 4th quarter. Millennium Management LLC now owns 482,295 shares of the transportation company’s stock valued at $3,718,000 after purchasing an additional 311,450 shares during the last quarter. Two Sigma Investments LP raised its stake in Roadrunner Transportation Systems by 69.3% in the 4th quarter. Two Sigma Investments LP now owns 112,419 shares of the transportation company’s stock valued at $867,000 after purchasing an additional 46,016 shares during the last quarter. Two Sigma Advisers LP raised its stake in Roadrunner Transportation Systems by 27.8% in the 4th quarter. Two Sigma Advisers LP now owns 116,456 shares of the transportation company’s stock valued at $898,000 after purchasing an additional 25,339 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Roadrunner Transportation Systems by 51.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 132,364 shares of the transportation company’s stock valued at $1,021,000 after purchasing an additional 44,837 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.
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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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