Zacks Investment Research cut shares of Roadrunner Transportation Systems (NYSE:RRTS) from a hold rating to a sell rating in a report published on Saturday, Zacks.com reports.

According to Zacks, “Roadrunner Transportation Systems, Inc. is a non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. The Company utilizes a proprietary webenabled technology system and a third-party network of transportation providers to serve a diverse customer base in terms of end market focus and annual freight expenditures. Its third-party transportation providers consist of individuals or small teams that own or lease their own over-the-road transportation equipment and asset-based, over-the-road transportation companies. As a non-asset based transportation provider, the Company does not own any tractors or other power equipment used to transport its customers’ freight. Roadrunner Transportation Systems, Inc. is headquartered in Cudahy, Wisconsin. “

Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of Roadrunner Transportation Systems from a sell rating to a hold rating in a research report on Wednesday, January 16th. Stifel Nicolaus started coverage on shares of Roadrunner Transportation Systems in a report on Tuesday, January 15th. They issued a hold rating on the stock.

Shares of RRTS opened at $9.76 on Friday. The company has a market cap of $357.59 million, a P/E ratio of -0.10 and a beta of 1.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 25.38. Roadrunner Transportation Systems has a twelve month low of $9.32 and a twelve month high of $87.00.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings results on Tuesday, March 12th. The transportation company reported ($32.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.25) by ($31.25). The firm had revenue of $551.55 million for the quarter, compared to the consensus estimate of $574.20 million. Roadrunner Transportation Systems had a negative net margin of 7.47% and a negative return on equity of 688.98%. On average, sell-side analysts anticipate that Roadrunner Transportation Systems will post 0.25 EPS for the current fiscal year.

In related news, major shareholder Equity Investors V. Lp Thayer sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $0.48, for a total value of $960,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Associates L.P. Elliott bought 231,143,609 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was bought at an average price of $0.50 per share, for a total transaction of $115,571,804.50. The disclosure for this purchase can be found here. Company insiders own 0.24% of the company’s stock.

A hedge fund recently raised its stake in Roadrunner Transportation Systems stock. Elliott Management Corp increased its stake in Roadrunner Transportation Systems Inc (NYSE:RRTS) by 58.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,242,855 shares of the transportation company’s stock after purchasing an additional 1,932,372 shares during the quarter. Elliott Management Corp owned 13.61% of Roadrunner Transportation Systems worth $2,601,000 at the end of the most recent quarter. 1.19% of the stock is currently owned by institutional investors.

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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