Roadrunner Transportation Systems (NYSE:RRTS) Cut to “E+” at TheStreet

TheStreet lowered shares of Roadrunner Transportation Systems (NYSE:RRTS) from a c rating to an e+ rating in a report published on Tuesday, February 6th.

RRTS has been the subject of a number of other research reports. Zacks Investment Research raised shares of Roadrunner Transportation Systems from a sell rating to a hold rating in a report on Friday, February 2nd. BidaskClub raised shares of Roadrunner Transportation Systems from a buy rating to a strong-buy rating in a report on Wednesday, October 25th. Finally, Robert W. Baird reissued a hold rating and issued a $8.00 price target on shares of Roadrunner Transportation Systems in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $8.00.

Roadrunner Transportation Systems (NYSE:RRTS) opened at $3.78 on Tuesday. Roadrunner Transportation Systems has a one year low of $3.77 and a one year high of $9.75.

A number of institutional investors and hedge funds have recently bought and sold shares of RRTS. Dynamic Technology Lab Private Ltd bought a new stake in Roadrunner Transportation Systems in the 2nd quarter valued at $101,000. MetLife Investment Advisors LLC bought a new stake in Roadrunner Transportation Systems during the 4th quarter worth about $122,000. Thrivent Financial For Lutherans lifted its position in Roadrunner Transportation Systems by 5.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 18,270 shares of the transportation company’s stock worth $133,000 after buying an additional 870 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Roadrunner Transportation Systems during the 4th quarter worth about $134,000. Finally, BNP Paribas Arbitrage SA lifted its position in Roadrunner Transportation Systems by 59.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,599 shares of the transportation company’s stock worth $168,000 after buying an additional 6,533 shares in the last quarter. 72.91% of the stock is currently owned by institutional investors and hedge funds.

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Roadrunner Transportation Systems Company Profile

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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