Roadrunner Transportation Systems (RRTS) Downgraded to E+ at TheStreet

Roadrunner Transportation Systems (NYSE:RRTS) was downgraded by research analysts at TheStreet from a “c” rating to an “e+” rating in a research report issued to clients and investors on Tuesday.

RRTS has been the topic of several other reports. BidaskClub lowered shares of Roadrunner Transportation Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Finally, Robert W. Baird restated a “hold” rating and set a $8.00 price objective on shares of Roadrunner Transportation Systems in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Roadrunner Transportation Systems presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Roadrunner Transportation Systems (NYSE RRTS) traded down $0.04 during trading on Tuesday, hitting $4.25. 22,845 shares of the stock traded hands, compared to its average volume of 163,706. Roadrunner Transportation Systems has a one year low of $4.25 and a one year high of $9.75.

Hedge funds have recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new stake in shares of Roadrunner Transportation Systems during the 1st quarter worth about $125,000. Tudor Investment Corp Et Al bought a new stake in shares of Roadrunner Transportation Systems during the 4th quarter worth about $116,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Roadrunner Transportation Systems during the 4th quarter worth about $127,000. Teza Capital Management LLC bought a new stake in shares of Roadrunner Transportation Systems during the 4th quarter worth about $131,000. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of Roadrunner Transportation Systems by 0.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,970 shares of the transportation company’s stock worth $103,000 after buying an additional 110 shares during the period. 72.51% of the stock is owned by institutional investors and hedge funds.

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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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