Roadrunner Transportation Systems (RRTS) Trading Down 5.8%

Roadrunner Transportation Systems Inc (NYSE:RRTS) traded down 5.8% during mid-day trading on Monday . The stock traded as low as $0.49 and last traded at $0.49. 3,004,366 shares were traded during mid-day trading, an increase of 709% from the average session volume of 371,449 shares. The stock had previously closed at $0.52.

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Stifel Nicolaus assumed coverage on shares of Roadrunner Transportation Systems in a research report on Tuesday, January 15th. They set a “hold” rating for the company.

The stock has a market capitalization of $20.21 million, a price-to-earnings ratio of -0.21 and a beta of 1.53. The company has a debt-to-equity ratio of 25.38, a quick ratio of 1.23 and a current ratio of 1.23.

In other news, major shareholder Associates L.P. Elliott bought 277,611 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was purchased at an average price of $0.70 per share, with a total value of $194,327.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 302,962 shares of company stock valued at $210,369. Company insiders own 1.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in RRTS. Amica Pension Fund Board of Trustees lifted its position in Roadrunner Transportation Systems by 30.5% during the 3rd quarter. Amica Pension Fund Board of Trustees now owns 632,361 shares of the transportation company’s stock worth $529,000 after acquiring an additional 147,854 shares during the last quarter. Amica Mutual Insurance Co. increased its holdings in shares of Roadrunner Transportation Systems by 30.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 703,745 shares of the transportation company’s stock worth $588,000 after purchasing an additional 164,369 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Roadrunner Transportation Systems by 39.7% during the 2nd quarter. Renaissance Technologies LLC now owns 336,900 shares of the transportation company’s stock worth $704,000 after purchasing an additional 95,700 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Roadrunner Transportation Systems by 698.0% during the 2nd quarter. Millennium Management LLC now owns 1,017,441 shares of the transportation company’s stock worth $2,126,000 after purchasing an additional 889,936 shares during the period. 37.62% of the stock is owned by hedge funds and other institutional investors.

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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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