ValuEngine downgraded shares of Roadrunner Transportation Systems (NYSE:RRTS) from a buy rating to a hold rating in a report released on Wednesday morning, ValuEngine reports.
Several other brokerages have also commented on RRTS. Zacks Investment Research lowered shares of Roadrunner Transportation Systems from a hold rating to a sell rating in a research note on Saturday, April 20th. Stifel Nicolaus started coverage on shares of Roadrunner Transportation Systems in a research note on Tuesday, January 15th. They set a hold rating on the stock.
Get Roadrunner Transportation Systems alerts: Shares of RRTS opened at $12.62 on Wednesday. Roadrunner Transportation Systems has a twelve month low of $9.26 and a twelve month high of $87.00. The firm has a market capitalization of $474.12 million, a PE ratio of -0.13 and a beta of 1.59. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 25.38.
Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings data on Tuesday, March 12th. The transportation company reported ($32.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.25) by ($31.25). Roadrunner Transportation Systems had a negative net margin of 7.47% and a negative return on equity of 688.98%. The firm had revenue of $551.55 million during the quarter, compared to analyst estimates of $574.20 million. Equities analysts expect that Roadrunner Transportation Systems will post 0.25 EPS for the current year.
In related news, major shareholder Associates L.P. Elliott purchased 231,143,609 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average cost of $0.50 per share, for a total transaction of $115,571,804.50. The purchase was disclosed in a document filed with the SEC, which is available through this link . Also, major shareholder Equity Investors V. Lp Thayer sold 2,000,000 shares of Roadrunner Transportation Systems stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $0.48, for a total transaction of $960,000.00. The disclosure for this sale can be found here . 0.24% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Roadrunner Transportation Systems stock. Elliott Management Corp boosted its holdings in shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) by 58.4% during the 4th 13F filing with the SEC. The fund owned 5,242,855 shares of the transportation company’s stock after purchasing an additional 1,932,372 shares during the period. Elliott Management Corp owned approximately 13.61% of Roadrunner Transportation Systems worth $2,601,000 as of its most recent filing with the SEC. 1.19% of the stock is currently owned by hedge funds and other 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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