Roadrunner Transportation Systems Inc (NYSE:RRTS) Sees Large Decline in Short Interest

Roadrunner Transportation Systems Inc (NYSE:RRTS) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 321,500 shares, a drop of 20.1% from the December 15th total of 402,500 shares. Based on an average daily trading volume, of 24,000 shares, the short-interest ratio is currently 13.4 days. Approximately 0.9% of the company’s shares are short sold.

In other Roadrunner Transportation Systems news, Director Charles W. Shaver purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $5.60 per share, with a total value of $56,000.00. Over the last three months, insiders acquired 26,802 shares of company stock worth $225,015. 0.72% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Roadrunner Transportation Systems in the 2nd quarter worth about $44,000. JPMorgan Chase & Co. purchased a new position in shares of Roadrunner Transportation Systems in the 2nd quarter worth about $159,000. Finally, State Street Corp raised its holdings in shares of Roadrunner Transportation Systems by 6.5% in the 3rd quarter. State Street Corp now owns 45,524 shares of the transportation company’s stock worth $472,000 after purchasing an additional 2,782 shares during the period. Institutional investors own 94.99% of the company’s stock.

Shares of Roadrunner Transportation Systems stock traded up $0.31 during trading hours on Tuesday, reaching $8.26. The stock had a trading volume of 27,100 shares, compared to its average volume of 18,078. The firm has a 50 day simple moving average of $8.73 and a two-hundred day simple moving average of $9.62. The firm has a market capitalization of $301.10 million, a price-to-earnings ratio of -0.08 and a beta of 1.46. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.71. Roadrunner Transportation Systems has a 1 year low of $7.30 and a 1 year high of $14.75.

Roadrunner Transportation Systems (NYSE:RRTS) last released its quarterly earnings data on Wednesday, November 6th. The transportation company reported ($1.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.06). The firm had revenue of $459.15 million during the quarter, compared to analysts’ expectations of $494.60 million. Roadrunner Transportation Systems had a negative return on equity of 92.83% and a negative net margin of 16.27%. Sell-side analysts forecast that Roadrunner Transportation Systems will post -4.24 EPS for the current year.

A number of analysts have issued reports on the company. ValuEngine raised Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 4th. Zacks Investment Research raised Roadrunner Transportation Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th.

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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