Insider Buying: Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Buys 2,335 Shares of Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott acquired 2,335 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of $10.08 per share, with a total value of $23,536.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

International L.P. Elliott also recently made the following trade(s):

  • On Friday, July 26th, International L.P. Elliott acquired 1,250 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.33 per share, with a total value of $12,912.50.
  • On Wednesday, July 24th, International L.P. Elliott acquired 1,866 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.66 per share, with a total value of $19,891.56.
  • On Monday, July 22nd, International L.P. Elliott acquired 1,434 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.42 per share, with a total value of $14,942.28.
  • On Thursday, July 18th, International L.P. Elliott acquired 2,235 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.97 per share, with a total value of $24,517.95.
  • On Tuesday, July 16th, International L.P. Elliott acquired 4,540 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $11.58 per share, with a total value of $52,573.20.
  • On Friday, July 12th, International L.P. Elliott acquired 8,732 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $11.09 per share, with a total value of $96,837.88.
  • On Wednesday, July 10th, International L.P. Elliott acquired 1,343 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $9.78 per share, with a total value of $13,134.54.
  • On Friday, July 5th, International L.P. Elliott acquired 1,116 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $9.96 per share, with a total value of $11,115.36.
  • On Monday, July 8th, International L.P. Elliott acquired 1,576 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $9.97 per share, with a total value of $15,712.72.
  • On Wednesday, July 3rd, International L.P. Elliott acquired 2,671 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.06 per share, with a total value of $26,870.26.

Shares of Roadrunner Transportation Systems stock traded down $0.20 on Wednesday, reaching $9.73. 2 shares of the company traded hands, compared to its average volume of 34,268. Roadrunner Transportation Systems Inc has a 52 week low of $7.97 and a 52 week high of $55.75. The business has a 50 day moving average of $9.83. The stock has a market cap of $392.22 million, a price-to-earnings ratio of -0.10 and a beta of 1.52. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.83.

Roadrunner Transportation Systems (NYSE:RRTS) last released its earnings results on Tuesday, May 7th. The transportation company reported ($1.58) earnings per share for the quarter. Roadrunner Transportation Systems had a negative net margin of 7.85% and a negative return on equity of 170.50%. The company had revenue of $507.15 million for the quarter, compared to the consensus estimate of $569.00 million. Equities research analysts predict that Roadrunner Transportation Systems Inc will post -0.5 EPS for the current year.

Several equities research analysts have commented on RRTS shares. Zacks Investment Research lowered shares of Eisai from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 24th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $14.00 target price on shares of Roadrunner Transportation Systems and gave the company a “hold” rating in a research report on Tuesday, May 28th.

Several institutional investors have recently added to or reduced their stakes in the company. Amica Retiree Medical Trust boosted its position in Roadrunner Transportation Systems by 2,313.8% during the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after acquiring an additional 1,843,701 shares during the last quarter. SG3 Management LLC bought a new stake in Roadrunner Transportation Systems during the first quarter valued at $11,235,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Roadrunner Transportation Systems during the second quarter valued at $611,000.

About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload & Express Services (TES), Less-than-Truckload (LTL), and Ascent Global Logistics. The TES segment provides air and ground expedite, scheduled truckload, intermodal, temperature-controlled truckload, and other truckload and logistics services; and arranges the pickup and delivery of TES freight through its 35 TES service centers in the United States.

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Insider Buying and Selling by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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