Roadrunner Transportation Systems Inc (RRTS) Shares Sold by Fmr LLC

Fmr LLC cut its stake in Roadrunner Transportation Systems Inc (NYSE:RRTS) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,780,117 shares of the transportation company’s stock after selling 256,277 shares during the period. Fmr LLC owned approximately 12.41% of Roadrunner Transportation Systems worth $9,990,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RRTS. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $102,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $115,000. Jane Street Group LLC purchased a new position in shares of Roadrunner Transportation Systems during the 1st quarter worth approximately $151,000. Amica Retiree Medical Trust purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $159,000. Finally, LMR Partners LLP purchased a new position in shares of Roadrunner Transportation Systems during the 2nd quarter worth approximately $181,000. 58.73% of the stock is owned by institutional investors.

Shares of RRTS opened at $0.79 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 3.80. Roadrunner Transportation Systems Inc has a 1-year low of $0.73 and a 1-year high of $9.70.

Roadrunner Transportation Systems (NYSE:RRTS) last issued its quarterly earnings data on Wednesday, August 8th. The transportation company reported ($0.99) earnings per share for the quarter. Roadrunner Transportation Systems had a negative return on equity of 117.44% and a negative net margin of 4.48%. The business had revenue of $558.03 million for the quarter.

About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc engages in the provision of logistics services. It operates through the following segments: Truckload Logistics, Less-than-Truckload, and Ascent Global Logistics. The Truckload Logistics segment manages pickup and delivery of truckload, intermodal, and ground and air expedited freight.

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Institutional Ownership by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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