Radiant Logistics (NYSEAMERICAN:RLGT) Releases Quarterly Earnings Results

Radiant Logistics (NYSEAMERICAN:RLGT) released its quarterly earnings data on Thursday. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03, Morningstar.com reports. The company had revenue of $204.65 million during the quarter, compared to analyst estimates of $220.47 million.

NYSEAMERICAN:RLGT opened at $5.55 on Friday. Radiant Logistics has a one year low of $4.06 and a one year high of $7.33.

Separately, Zacks Investment Research downgraded shares of Radiant Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $7.42.

Several institutional investors have recently made changes to their positions in RLGT. Russell Investments Group Ltd. boosted its position in shares of Radiant Logistics by 191.2% in the second quarter. Russell Investments Group Ltd. now owns 1,807,974 shares of the company’s stock valued at $11,099,000 after acquiring an additional 1,187,090 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Radiant Logistics in the second quarter valued at about $6,658,000. Boston Partners boosted its position in shares of Radiant Logistics by 579.7% in the second quarter. Boston Partners now owns 1,086,342 shares of the company’s stock valued at $6,670,000 after acquiring an additional 926,522 shares during the period. River & Mercantile Asset Management LLP bought a new stake in Radiant Logistics during the second quarter worth about $3,081,000. Finally, Ancora Advisors LLC lifted its position in Radiant Logistics by 258.9% during the second quarter. Ancora Advisors LLC now owns 617,344 shares of the company’s stock worth $3,790,000 after purchasing an additional 445,339 shares during the period. 39.47% of the stock is owned by institutional investors.

Radiant Logistics Company Profile

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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Earnings History for Radiant Logistics (NYSEAMERICAN:RLGT)

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