Insider Buying: Roadrunner Transportation Systems Inc (NYSE:RRTS) Major Shareholder Purchases $11,115.36 in Stock

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Roadrunner Transportation Systems Inc (NYSE:RRTS) major shareholder International L.P. Elliott purchased 1,116 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $11,115.36. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, July 10th, International L.P. Elliott purchased 1,343 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $9.78 per share, for a total transaction of $13,134.54.
  • On Monday, July 8th, International L.P. Elliott purchased 1,576 shares of Roadrunner Transportation Systems stock. The shares were acquired at an average price of $9.97 per share, for a total transaction of $15,712.72.
  • On Wednesday, July 3rd, International L.P. Elliott bought 2,671 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.06 per share, for a total transaction of $26,870.26.
  • On Monday, July 1st, International L.P. Elliott bought 2,860 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $10.13 per share, for a total transaction of $28,971.80.
  • On Thursday, June 27th, International L.P. Elliott bought 1,771 shares of Roadrunner Transportation Systems stock. The stock was purchased at an average price of $8.90 per share, for a total transaction of $15,761.90.
  • On Tuesday, June 25th, International L.P. Elliott purchased 2,834 shares of Roadrunner Transportation Systems stock. The stock was bought at an average cost of $8.99 per share, with a total value of $25,477.66.
  • On Friday, June 21st, International L.P. Elliott purchased 5,818 shares of Roadrunner Transportation Systems stock. The stock was bought at an average cost of $9.10 per share, with a total value of $52,943.80.
  • On Wednesday, June 19th, International L.P. Elliott purchased 5,772 shares of Roadrunner Transportation Systems stock. The stock was bought at an average cost of $8.95 per share, with a total value of $51,659.40.
  • On Thursday, June 13th, International L.P. Elliott purchased 3,182 shares of Roadrunner Transportation Systems stock. The stock was bought at an average cost of $8.21 per share, with a total value of $26,124.22.
  • On Monday, June 17th, International L.P. Elliott purchased 8,321 shares of Roadrunner Transportation Systems stock. The stock was bought at an average cost of $8.20 per share, with a total value of $68,232.20.

Shares of Roadrunner Transportation Systems stock opened at $10.75 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.83. Roadrunner Transportation Systems Inc has a fifty-two week low of $7.97 and a fifty-two week high of $70.50. The firm has a fifty day moving average of $9.51. The company has a market cap of $363.67 million, a P/E ratio of -0.11 and a beta of 1.51.

Roadrunner Transportation Systems (NYSE:RRTS) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported ($1.58) EPS for the quarter. The business had revenue of $507.15 million for the quarter, compared to the consensus estimate of $569.00 million. Roadrunner Transportation Systems had a negative return on equity of 170.50% and a negative net margin of 7.85%. As a group, analysts forecast that Roadrunner Transportation Systems Inc will post -0.5 earnings per share for the current year.

RRTS has been the subject of a number of research reports. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $14.00 price target on shares of Roadrunner Transportation Systems and gave the company a “hold” rating in a report on Tuesday, May 28th.

Several large investors have recently added to or reduced their stakes in RRTS. Elliott Management Corp lifted its holdings in shares of Roadrunner Transportation Systems by 58.4% during the 4th quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock worth $2,601,000 after acquiring an additional 1,932,372 shares during the period. Amica Retiree Medical Trust lifted its holdings in shares of Roadrunner Transportation Systems by 2,313.8% during the 1st quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock worth $808,000 after acquiring an additional 1,843,701 shares during the period. Finally, SG3 Management LLC bought a new position in shares of Roadrunner Transportation Systems during the 1st quarter worth about $11,235,000.

Roadrunner Transportation Systems Company Profile

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

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