Roadrunner Transportation Systems (RRTS) Sets New 12-Month Low at $0.39

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Roadrunner Transportation Systems Inc (NYSE:RRTS) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $0.39 and last traded at $0.39, with a volume of 13891775 shares changing hands. The stock had previously closed at $0.47.

A number of research analysts recently issued reports on RRTS shares. Stifel Nicolaus assumed coverage on Roadrunner Transportation Systems in a research report on Tuesday, January 15th. They set a “hold” rating for the company. ValuEngine upgraded Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th.

The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 25.38. The stock has a market capitalization of $18.10 million, a PE ratio of -0.10 and a beta of 1.55.

Roadrunner Transportation Systems shares are set to reverse split on Friday, April 5th. The 1-25 reverse split was announced on Wednesday, March 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, April 4th.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings results on Tuesday, March 12th. The transportation company reported ($1.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($1.25). Roadrunner Transportation Systems had a negative return on equity of 688.98% and a negative net margin of 7.47%. The business had revenue of $551.55 million for the quarter, compared to analyst estimates of $574.20 million. On average, research analysts expect that Roadrunner Transportation Systems Inc will post 0.02 earnings per share for the current year.

In other Roadrunner Transportation Systems news, major shareholder Equity Investors V. Lp Thayer sold 2,000,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $0.48, for a total transaction of $960,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Associates L.P. Elliott purchased 231,143,609 shares of Roadrunner Transportation Systems stock in a transaction on Tuesday, February 26th. The shares were acquired at an average price of $0.50 per share, with a total value of $115,571,804.50. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Elliott Management Corp lifted its holdings in shares of Roadrunner Transportation Systems by 58.4% in the fourth quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock valued at $2,601,000 after buying an additional 1,932,372 shares during the period. Amica Mutual Insurance Co. lifted its holdings in shares of Roadrunner Transportation Systems by 30.5% in the third quarter. Amica Mutual Insurance Co. now owns 703,745 shares of the transportation company’s stock valued at $588,000 after buying an additional 164,369 shares during the period. Finally, Amica Pension Fund Board of Trustees lifted its holdings in shares of Roadrunner Transportation Systems by 30.5% in the third quarter. Amica Pension Fund Board of Trustees now owns 632,361 shares of the transportation company’s stock valued at $529,000 after buying an additional 147,854 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

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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 Logistics (TL), Less-than-Truckload (LTL), and Ascent Global Logistics. The TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its 41 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.

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