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

NYSE RRTS opened at $0.51 on Friday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.43 and a current ratio of 1.43. Roadrunner Transportation Systems has a 1-year low of $0.41 and a 1-year high of $9.46.

Roadrunner Transportation Systems (NYSE:RRTS) last released its earnings results on Wednesday, August 8th. The transportation company reported ($0.99) earnings per share for the quarter. The firm had revenue of $558.03 million during the quarter. Roadrunner Transportation Systems had a negative net margin of 4.48% and a negative return on equity of 117.44%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Roadrunner Transportation Systems by 6.5% in the 1st quarter. JPMorgan Chase & Co. now owns 443,149 shares of the transportation company’s stock valued at $1,126,000 after acquiring an additional 26,966 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Roadrunner Transportation Systems in the 2nd quarter valued at about $102,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Roadrunner Transportation Systems in the 2nd quarter valued at about $115,000. Jane Street Group LLC acquired a new position in Roadrunner Transportation Systems in the 1st quarter valued at about $151,000. Finally, Amica Retiree Medical Trust acquired a new position in Roadrunner Transportation Systems in the 2nd quarter valued at about $159,000. 58.73% of the stock is owned by institutional investors.

About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload Logistics (TL), Less-than-Truckload (LTL), and Ascent Global Logistics. The TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its 41 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.

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