RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) announced its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02, Morningstar.com reports. The business had revenue of $218.88 million for the quarter, compared to analyst estimates of $238.48 million.

Shares of RLGT stock opened at $5.69 on Friday. RADIANT LOGISTI/SH SH has a 1-year low of $3.46 and a 1-year high of $6.09.

RLGT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered RADIANT LOGISTI/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th. TheStreet raised RADIANT LOGISTI/SH SH from a “c” rating to a “b-” rating in a report on Friday, September 21st. Finally, Loop Capital initiated coverage on RADIANT LOGISTI/SH SH in a report on Monday, October 1st. They set a “buy” rating and a $9.00 price objective on the stock.

Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in RADIANT LOGISTI/SH SH during the second quarter worth $104,000. Campbell & CO Investment Adviser LLC acquired a new position in RADIANT LOGISTI/SH SH during the third quarter worth $164,000. Engineers Gate Manager LP acquired a new position in RADIANT LOGISTI/SH SH during the third quarter worth $224,000. Prudential Financial Inc. acquired a new position in RADIANT LOGISTI/SH SH during the third quarter worth $258,000. Finally, JPMorgan Chase & Co. grew its holdings in RADIANT LOGISTI/SH SH by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 61,490 shares of the company’s stock worth $363,000 after acquiring an additional 40,571 shares during the period. 39.47% of the stock is currently owned by hedge funds and other institutional investors.

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About RADIANT LOGISTI/SH SH

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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Earnings History for RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT)

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