Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Acquires $13,134.54 in Stock

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Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott bought 1,343 shares of Roadrunner Transportation Systems stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of $9.78 per share, with a total value of $13,134.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, July 5th, International L.P. Elliott bought 1,116 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $9.96 per share, with a total value of $11,115.36.
  • On Monday, July 8th, International L.P. Elliott bought 1,576 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $9.97 per share, with a total value of $15,712.72.
  • On Wednesday, July 3rd, International L.P. Elliott bought 2,671 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $10.06 per share, with a total value of $26,870.26.
  • On Monday, July 1st, International L.P. Elliott bought 2,860 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $10.13 per share, with a total value of $28,971.80.
  • On Thursday, June 27th, International L.P. Elliott acquired 1,771 shares of Roadrunner Transportation Systems stock. The shares were purchased at an average price of $8.90 per share, for a total transaction of $15,761.90.
  • On Tuesday, June 25th, International L.P. Elliott acquired 2,834 shares of Roadrunner Transportation Systems stock. The shares were purchased at an average price of $8.99 per share, for a total transaction of $25,477.66.
  • On Friday, June 21st, International L.P. Elliott acquired 5,818 shares of Roadrunner Transportation Systems stock. The shares were purchased at an average price of $9.10 per share, for a total transaction of $52,943.80.
  • On Wednesday, June 19th, International L.P. Elliott acquired 5,772 shares of Roadrunner Transportation Systems stock. The shares were purchased at an average price of $8.95 per share, for a total transaction of $51,659.40.
  • On Thursday, June 13th, International L.P. Elliott acquired 3,182 shares of Roadrunner Transportation Systems stock. The shares were purchased at an average price of $8.21 per share, for a total transaction of $26,124.22.
  • On Monday, June 17th, International L.P. Elliott acquired 8,321 shares of Roadrunner Transportation Systems stock. The shares were purchased at an average price of $8.20 per share, for a total transaction of $68,232.20.

Shares of RRTS opened at $11.46 on Friday. The stock’s fifty day moving average price is $9.51. Roadrunner Transportation Systems Inc has a 12-month low of $7.97 and a 12-month high of $70.50. The company has a market capitalization of $403.86 million, a PE ratio of -0.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 1.07.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported ($1.58) earnings per share (EPS) for the quarter. The firm had revenue of $507.15 million for the quarter, compared to the consensus estimate of $569.00 million. Roadrunner Transportation Systems had a negative return on equity of 170.50% and a negative net margin of 7.85%. Sell-side analysts predict that Roadrunner Transportation Systems Inc will post -0.5 EPS for the current year.

Several equities analysts recently issued reports on the company. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus set a $14.00 price objective on Roadrunner Transportation Systems and gave the stock a “hold” rating in a research note on Tuesday, May 28th.

Hedge funds have recently bought and sold shares of the business. SG3 Management LLC bought a new stake in Roadrunner Transportation Systems in the first quarter valued at $11,235,000. Amica Retiree Medical Trust lifted its stake in Roadrunner Transportation Systems by 2,313.8% in the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after buying an additional 1,843,701 shares during the last quarter. Finally, Elliott Management Corp lifted its stake in 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 last quarter.

About Roadrunner Transportation Systems

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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