Roadrunner Transportation Systems (RRTS) Rating Lowered to Hold at ValuEngine

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Roadrunner Transportation Systems (NYSE:RRTS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, ValuEngine reports.

Several other equities research analysts have also issued reports on RRTS. Stifel Nicolaus initiated coverage on shares of Roadrunner Transportation Systems in a report on Tuesday, January 15th. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a report on Thursday, March 21st.

Roadrunner Transportation Systems stock traded up $0.11 during midday trading on Wednesday, hitting $12.03. The stock had a trading volume of 267 shares, compared to its average volume of 49,291. The firm has a market capitalization of $439.19 million, a price-to-earnings ratio of -0.12 and a beta of 1.59. Roadrunner Transportation Systems has a 52-week low of $9.26 and a 52-week high of $87.00. 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 released its earnings results on Tuesday, March 12th. The transportation company reported ($32.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.25) by ($31.25). The firm had revenue of $551.55 million during the quarter, compared to analysts’ expectations of $574.20 million. Roadrunner Transportation Systems had a negative return on equity of 688.98% and a negative net margin of 7.47%. On average, analysts predict that Roadrunner Transportation Systems will post 0.25 EPS for the current year.

In other Roadrunner Transportation Systems news, major shareholder Equity Investors V. Lp Thayer sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $0.48, for a total transaction of $960,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Associates L.P. Elliott acquired 231,143,609 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were bought at an average cost of $0.50 per share, with a total value of $115,571,804.50. The disclosure for this purchase can be found here. Company insiders own 0.24% of the company’s stock.

A hedge fund recently raised its stake in Roadrunner Transportation Systems stock. Elliott Management Corp raised its stake in shares of Roadrunner Transportation Systems Inc (NYSE:RRTS) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,242,855 shares of the transportation company’s stock after buying an additional 1,932,372 shares during the quarter. Elliott Management Corp owned about 13.61% of Roadrunner Transportation Systems worth $2,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.19% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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