RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 783,670 shares, a growth of 22.8% from the October 15th total of 638,315 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 248,675 shares, the days-to-cover ratio is currently 3.2 days.
RLGT has been the subject of several recent research reports. TheStreet upgraded RADIANT LOGISTI/SH SH from a “c” rating to a “b-” rating in a report on Friday, September 21st. Loop Capital assumed coverage on shares of RADIANT LOGISTI/SH SH in a report on Monday, October 1st. They issued a “buy” rating and a $9.00 target price for the company. Finally, Zacks Investment Research downgraded shares of RADIANT LOGISTI/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th.
Institutional investors have recently made changes to their positions in the business. Kestrel Investment Management Corp bought a new position in RADIANT LOGISTI/SH SH in the second quarter worth about $767,000. Russell Investments Group Ltd. grew its stake in shares of RADIANT LOGISTI/SH SH by 4.7% during the second quarter. Russell Investments Group Ltd. now owns 639,903 shares of the company’s stock worth $2,502,000 after acquiring an additional 28,900 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in shares of RADIANT LOGISTI/SH SH by 51.5% during the second quarter. Essex Investment Management Co. LLC now owns 323,765 shares of the company’s stock worth $1,266,000 after acquiring an additional 110,009 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of RADIANT LOGISTI/SH SH during the third quarter worth about $768,000. Finally, Carillon Tower Advisers Inc. grew its stake in shares of RADIANT LOGISTI/SH SH by 5.9% during the second quarter. Carillon Tower Advisers Inc. now owns 316,250 shares of the company’s stock worth $1,237,000 after acquiring an additional 17,550 shares during the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.
RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) last announced its earnings results on Thursday, November 8th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $218.88 million during the quarter, compared to the consensus estimate of $238.48 million.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by WKRB News and is owned by of WKRB News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.wkrb13.com/2018/11/11/radiant-logisti-sh-sh-rlgt-short-interest-update.html.
RADIANT LOGISTI/SH SH Company Profile
Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.
Featured Story: How to Use a Moving Average for Trading
Receive News & Ratings for RADIANT LOGISTI/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RADIANT LOGISTI/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.