LSV Asset Management cut its position in Roadrunner Transportation Systems Inc (NYSE:RRTS) by 23.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 659,488 shares of the transportation company’s stock after selling 200,313 shares during the quarter. LSV Asset Management owned about 1.72% of Roadrunner Transportation Systems worth $1,675,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of RRTS. Two Sigma Advisers LP increased its stake in Roadrunner Transportation Systems by 27.8% during the 4th quarter. Two Sigma Advisers LP now owns 116,456 shares of the transportation company’s stock valued at $898,000 after buying an additional 25,339 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Roadrunner Transportation Systems by 5.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 486,601 shares of the transportation company’s stock valued at $3,752,000 after buying an additional 25,849 shares during the period. Two Sigma Investments LP increased its stake in Roadrunner Transportation Systems by 69.3% during the 4th quarter. Two Sigma Investments LP now owns 112,419 shares of the transportation company’s stock valued at $867,000 after buying an additional 46,016 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Roadrunner Transportation Systems during the 4th quarter valued at about $587,000. Finally, SG Americas Securities LLC acquired a new position in Roadrunner Transportation Systems during the 4th quarter valued at about $182,000. Hedge funds and other institutional investors own 69.23% of the company’s stock.
Separately, ValuEngine cut shares of Roadrunner Transportation Systems from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.00.
Shares of Roadrunner Transportation Systems traded down $0.08, hitting $2.51, during mid-day trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 855,700 shares, compared to its average volume of 453,826. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.39. Roadrunner Transportation Systems Inc has a fifty-two week low of $1.63 and a fifty-two week high of $9.75.
Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings data on Monday, April 2nd. The transportation company reported ($0.68) earnings per share (EPS) for the quarter. The business had revenue of $521.43 million during the quarter. Roadrunner Transportation Systems had a negative return on equity of 75.41% and a negative net margin of 5.13%. research analysts anticipate that Roadrunner Transportation Systems Inc will post 1.04 EPS for the current year.
About Roadrunner Transportation Systems
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 Global Solutions. The company's TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its network of 42 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.
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