Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder International L.P. Elliott Purchases 2,625 Shares of Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott purchased 2,625 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $7.98 per share, with a total value of $20,947.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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, August 9th, International L.P. Elliott purchased 3,663 shares of Roadrunner Transportation Systems stock. The stock was bought at an average cost of $8.71 per share, with a total value of $31,904.73.
  • On Wednesday, August 7th, International L.P. Elliott bought 11,247 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $8.93 per share, with a total value of $100,435.71.
  • On Monday, August 5th, International L.P. Elliott bought 2,610 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $9.22 per share, with a total value of $24,064.20.
  • On Thursday, August 1st, International L.P. Elliott bought 4,987 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $9.42 per share, with a total value of $46,977.54.
  • On Tuesday, July 30th, International L.P. Elliott bought 2,335 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $10.08 per share, with a total value of $23,536.80.
  • On Friday, July 26th, International L.P. Elliott bought 1,250 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $10.33 per share, with a total value of $12,912.50.
  • On Wednesday, July 24th, International L.P. Elliott bought 1,866 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $10.66 per share, with a total value of $19,891.56.
  • On Monday, July 22nd, International L.P. Elliott bought 1,434 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $10.42 per share, with a total value of $14,942.28.
  • On Thursday, July 18th, International L.P. Elliott bought 2,235 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $10.97 per share, with a total value of $24,517.95.
  • On Tuesday, July 16th, International L.P. Elliott bought 4,540 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $11.58 per share, with a total value of $52,573.20.

NYSE:RRTS traded up $0.35 on Thursday, hitting $7.85. The stock had a trading volume of 200 shares, compared to its average volume of 37,441. The company’s fifty day moving average price is $9.89. The company has a market cap of $296.20 million, a P/E ratio of -0.08 and a beta of 1.51. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.03 and a current ratio of 1.03. Roadrunner Transportation Systems Inc has a 52 week low of $7.30 and a 52 week high of $47.00.



Large investors have recently made changes to their positions in the business. Amica Retiree Medical Trust grew its holdings in shares of Roadrunner Transportation Systems by 2,313.8% during the 1st quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock worth $808,000 after acquiring an additional 1,843,701 shares during the period. SG3 Management LLC purchased a new position in shares of Roadrunner Transportation Systems during the 1st quarter worth approximately $11,235,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $611,000. JPMorgan Chase & Co. purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $159,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $44,000.

Several brokerages have issued reports on RRTS. Zacks Investment Research lowered Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Stifel Nicolaus set a $14.00 price target on Roadrunner Transportation Systems and gave the stock a “hold” rating in a report on Tuesday, May 28th. Finally, ValuEngine upgraded Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

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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