Insider Buying: Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Purchases 1,453 Shares of Stock

Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott bought 1,453 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $9.77 per share, with a total value of $14,195.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

International L.P. Elliott also recently made the following trade(s):

  • On Monday, September 9th, International L.P. Elliott purchased 734 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average cost of $9.64 per share, for a total transaction of $7,075.76.
  • On Tuesday, September 3rd, International L.P. Elliott acquired 559 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average price of $9.16 per share, with a total value of $5,120.44.
  • On Thursday, August 29th, International L.P. Elliott acquired 8,232 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $9.06 per share, with a total value of $74,581.92.
  • On Friday, August 23rd, International L.P. Elliott acquired 2,937 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average cost of $8.46 per share, with a total value of $24,847.02.
  • On Monday, August 26th, International L.P. Elliott bought 4,637 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $8.38 per share, for a total transaction of $38,858.06.
  • On Wednesday, August 21st, International L.P. Elliott bought 1,706 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average cost of $8.73 per share, for a total transaction of $14,893.38.
  • On Monday, August 19th, International L.P. Elliott bought 686 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average cost of $8.59 per share, for a total transaction of $5,892.74.
  • On Thursday, August 15th, International L.P. Elliott purchased 1,060 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average cost of $7.78 per share, with a total value of $8,246.80.
  • On Tuesday, August 13th, International L.P. Elliott purchased 2,625 shares of Roadrunner Transportation Systems stock. The stock was acquired at an average cost of $7.98 per share, with a total value of $20,947.50.
  • On Friday, August 9th, International L.P. Elliott purchased 3,663 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $8.71 per share, with a total value of $31,904.73.

NYSE:RRTS traded up $0.13 during trading hours on Monday, reaching $9.81. The company had a trading volume of 15,100 shares, compared to its average volume of 44,736. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.46. The stock has a 50-day moving average of $9.16 and a two-hundred day moving average of $7.87. Roadrunner Transportation Systems Inc has a one year low of $7.30 and a one year high of $36.75. The firm has a market capitalization of $372.61 million, a PE ratio of -0.10 and a beta of 1.48.

A number of research firms have weighed in on RRTS. Zacks Investment Research downgraded Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Stifel Nicolaus set a $14.00 target price on Roadrunner Transportation Systems and gave the stock a “hold” rating in a report on Tuesday, May 28th. Finally, ValuEngine upgraded Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Several hedge funds and other institutional investors have recently modified their holdings of RRTS. Tower Research Capital LLC TRC bought a new stake in Roadrunner Transportation Systems in the second quarter valued at about $44,000. JPMorgan Chase & Co. acquired a new position in Roadrunner Transportation Systems in the second quarter valued at about $159,000. NJ State Employees Deferred Compensation Plan acquired a new position in Roadrunner Transportation Systems in the second quarter valued at about $611,000. SG3 Management LLC bought a new position in Roadrunner Transportation Systems during the first quarter worth about $11,235,000. Finally, Amica Retiree Medical Trust boosted its holdings in Roadrunner Transportation Systems by 2,313.8% during the first 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 last quarter. 94.70% of the stock is owned by 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.

Further Reading: Net Asset Value

Insider Buying and Selling by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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