Roadrunner Transportation (RRTS) Sets New 1-Year High and Low at $2.43

Shares of Roadrunner Transportation Se (NYSE:RRTS) hit a new 52-week high and low during trading on Monday . The stock traded as low as $2.43 and last traded at $2.43, with a volume of 922142 shares changing hands. The stock had previously closed at $2.54.

RRTS has been the topic of several research analyst reports. Zacks Investment Research lowered Roadrunner Transportation from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. TheStreet lowered Roadrunner Transportation from a “c” rating to an “e+” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new position in shares of Roadrunner Transportation in the fourth quarter valued at approximately $122,000. Acadian Asset Management LLC purchased a new position in shares of Roadrunner Transportation in the fourth quarter valued at approximately $134,000. BNP Paribas Arbitrage SA lifted its position in shares of Roadrunner Transportation by 59.0% in the third quarter. BNP Paribas Arbitrage SA now owns 17,599 shares of the transportation company’s stock valued at $168,000 after acquiring an additional 6,533 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Roadrunner Transportation in the fourth quarter valued at approximately $182,000. Finally, Virtu Financial LLC purchased a new position in shares of Roadrunner Transportation in the fourth quarter valued at approximately $199,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

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Roadrunner Transportation Company Profile

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload Logistics (TL), Less-than-Truckload (LTL), and Global Solutions. The company's TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its network of 42 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.

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