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.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/02/20/roadrunner-transportation-systems-rrts-stock-price-down-6-9.html.
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.
Receive News & Ratings for Roadrunner Transportation Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roadrunner Transportation Systems and related companies with MarketBeat.com's FREE daily email newsletter.