TheStreet cut shares of Roadrunner Transportation Systems (NYSE:RRTS) from a c rating to an e+ rating in a research note released on Tuesday morning.

RRTS has been the topic of several other reports. BidaskClub lowered Roadrunner Transportation Systems from a buy rating to a hold rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered 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 target on shares of Roadrunner Transportation Systems in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $8.00.

Shares of Roadrunner Transportation Systems (NYSE:RRTS) traded down $0.13 on Tuesday, reaching $4.16. The company had a trading volume of 48,921 shares, compared to its average volume of 163,880. Roadrunner Transportation Systems has a 1 year low of $4.16 and a 1 year high of $9.75.

A number of institutional investors and hedge funds have recently modified their holdings of RRTS. Schwab Charles Investment Management Inc. increased its stake in Roadrunner Transportation Systems by 48.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 414,185 shares of the transportation company’s stock valued at $3,012,000 after acquiring an additional 135,100 shares during the period. Wells Fargo & Company MN grew its stake in shares of Roadrunner Transportation Systems by 22.5% in the 2nd quarter. Wells Fargo & Company MN now owns 28,767 shares of the transportation company’s stock valued at $209,000 after purchasing an additional 5,287 shares during the period. Alliancebernstein L.P. grew its stake in shares of Roadrunner Transportation Systems by 49.0% in the 2nd quarter. Alliancebernstein L.P. now owns 25,230 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 8,300 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Roadrunner Transportation Systems by 2.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 160,850 shares of the transportation company’s stock valued at $1,170,000 after purchasing an additional 3,125 shares during the period. Finally, Nationwide Fund Advisors grew its stake in shares of Roadrunner Transportation Systems by 17.3% in the 2nd quarter. Nationwide Fund Advisors now owns 134,263 shares of the transportation company’s stock valued at $976,000 after purchasing an additional 19,800 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

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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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