Roadrunner Transportation Systems Inc (NASDAQ:RRTS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Shares of Roadrunner Transportation Systems (NASDAQ RRTS) traded down 0.3351% during trading on Friday, hitting $7.4051. The stock had a trading volume of 3,960 shares. The company has a market cap of $283.91 million and a P/E ratio of 11.4453. The stock has a 50-day moving average price of $6.94 and a 200 day moving average price of $6.87. Roadrunner Transportation Systems has a 12 month low of $6.05 and a 12 month high of $11.88.

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Hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Roadrunner Transportation Systems during the second quarter worth approximately $101,000. Arizona State Retirement System boosted its position in Roadrunner Transportation Systems by 0.6% during the second quarter. Arizona State Retirement System now owns 15,828 shares of the company’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter. Denver Investment Advisors LLC purchased a new position in Roadrunner Transportation Systems during the second quarter worth approximately $118,000. Thrivent Financial For Lutherans boosted its position in Roadrunner Transportation Systems by 5.0% during the second quarter. Thrivent Financial For Lutherans now owns 18,270 shares of the company’s stock worth $133,000 after purchasing an additional 870 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in Roadrunner Transportation Systems during the second quarter worth approximately $136,000.

Roadrunner Transportation Systems Company Profile

Roadrunner Transportation Systems, Inc (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions.

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