Roadrunner Transportation Systems Inc (NYSE:RRTS)’s stock price traded up 10.5% during trading on Wednesday . The stock traded as high as $12.75 and last traded at $12.09, 179,678 shares changed hands during trading. An increase of 293% from the average session volume of 45,714 shares. The stock had previously closed at $10.94.

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

The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day moving average price of $9.18 and a 200-day moving average price of $7.98. The firm has a market capitalization of $369.22 million, a P/E ratio of -0.12 and a beta of 1.48.

In other news, major shareholder International L.P. Elliott acquired 4,540 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Tuesday, July 16th. The shares were acquired at an average price of $11.58 per share, with a total value of $52,573.20. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J Landis Martin acquired 16,300 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average cost of $127.33 per share, for a total transaction of $2,075,479.00. Insiders purchased 123,092 shares of company stock valued at $3,074,737 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of RRTS. Tower Research Capital LLC TRC acquired a new stake in Roadrunner Transportation Systems in the second quarter worth $44,000. JPMorgan Chase & Co. bought a new stake in shares of Roadrunner Transportation Systems in the 2nd quarter valued at $159,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Roadrunner Transportation Systems in the 2nd quarter valued at $611,000. SG3 Management LLC acquired a new stake in Roadrunner Transportation Systems during the 1st quarter worth $11,235,000. Finally, Amica Retiree Medical Trust raised its stake 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 buying an additional 1,843,701 shares during the period. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Roadrunner Transportation Systems Company Profile (NYSE:RRTS)

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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