Roadrunner Transportation Systems (RRTS) Stock Price Down 6.9%

Shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) fell 6.9% during trading on Tuesday . The stock traded as low as $3.52 and last traded at $3.52. 512,902 shares changed hands during mid-day trading, an increase of 156% from the average session volume of 200,677 shares. The stock had previously closed at $3.78.

Several research firms have commented on RRTS. TheStreet downgraded shares of Roadrunner Transportation Systems from a “c” rating to an “e+” rating in a research report on Tuesday, February 6th. BidaskClub cut shares of Roadrunner Transportation Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Finally, Robert W. Baird restated a “hold” rating and issued a $8.00 price objective on shares of Roadrunner Transportation Systems in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Roadrunner Transportation Systems currently has a consensus rating of “Hold” and an average price target of $8.00.

The firm has a market capitalization of $134.96, a P/E ratio of -0.37 and a beta of 0.50.

Several institutional investors have recently modified their holdings of RRTS. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Roadrunner Transportation Systems in the second quarter worth $101,000. MetLife Investment Advisors LLC acquired a new stake in shares of Roadrunner Transportation Systems in the fourth quarter worth $122,000. Thrivent Financial For Lutherans lifted its stake in shares of Roadrunner Transportation Systems by 5.0% in the second 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 during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Roadrunner Transportation Systems in the fourth quarter worth $134,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Roadrunner Transportation Systems by 59.0% in the third 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 during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

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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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