Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder International L.P. Elliott Purchases 8,232 Shares of Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott purchased 8,232 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was purchased at an average price of $9.06 per share, with a total value of $74,581.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, September 3rd, International L.P. Elliott purchased 559 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $9.16 per share, with a total value of $5,120.44.
  • On Friday, August 23rd, International L.P. Elliott purchased 2,937 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.46 per share, with a total value of $24,847.02.
  • On Monday, August 26th, International L.P. Elliott purchased 4,637 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.38 per share, with a total value of $38,858.06.
  • On Wednesday, August 21st, International L.P. Elliott purchased 1,706 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.73 per share, with a total value of $14,893.38.
  • On Monday, August 19th, International L.P. Elliott purchased 686 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.59 per share, with a total value of $5,892.74.
  • On Thursday, August 15th, International L.P. Elliott purchased 1,060 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $7.78 per share, with a total value of $8,246.80.
  • On Tuesday, August 13th, International L.P. Elliott purchased 2,625 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $7.98 per share, with a total value of $20,947.50.
  • On Friday, August 9th, International L.P. Elliott bought 3,663 shares of Roadrunner Transportation Systems stock. The shares were 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 bought 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 bought at an average cost of $9.22 per share, with a total value of $24,064.20.

NYSE:RRTS traded up $0.50 during trading hours on Thursday, hitting $9.51. 180 shares of the company were exchanged, compared to its average volume of 33,488. The stock has a market capitalization of $334.59 million, a price-to-earnings ratio of -0.10 and a beta of 1.48. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.46. Roadrunner Transportation Systems Inc has a one year low of $7.30 and a one year high of $36.75. The company has a fifty day simple moving average of $9.26 and a 200 day simple moving average of $7.64.



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

A number of large investors have recently made changes to their positions in RRTS. Tower Research Capital LLC TRC purchased a new stake in Roadrunner Transportation Systems during the 2nd quarter worth approximately $44,000. JPMorgan Chase & Co. purchased a new stake in Roadrunner Transportation Systems during the 2nd quarter worth approximately $159,000. NJ State Employees Deferred Compensation Plan purchased a new stake in Roadrunner Transportation Systems during the 2nd quarter worth approximately $611,000. SG3 Management LLC purchased a new stake in Roadrunner Transportation Systems during the 1st quarter worth approximately $11,235,000. Finally, Amica Retiree Medical Trust grew its position in 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 purchasing an additional 1,843,701 shares during the last quarter.

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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