Elliott Management Corp maintained its position in Roadrunner Transportation Systems Inc (NASDAQ:RRTS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,310,483 shares of the company’s stock at the end of the 2nd quarter. Elliott Management Corp owned 8.63% of Roadrunner Transportation Systems worth $24,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Roadrunner Transportation Systems by 9.3% in the second quarter. FMR LLC now owns 4,970,118 shares of the company’s stock worth $36,133,000 after purchasing an additional 421,218 shares in the last quarter. State Street Corp lifted its position in shares of Roadrunner Transportation Systems by 7.9% in the second quarter. State Street Corp now owns 905,714 shares of the company’s stock worth $6,585,000 after purchasing an additional 66,412 shares in the last quarter. LSV Asset Management lifted its position in shares of Roadrunner Transportation Systems by 8.3% in the second quarter. LSV Asset Management now owns 503,323 shares of the company’s stock worth $3,659,000 after purchasing an additional 38,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Roadrunner Transportation Systems by 48.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 414,185 shares of the company’s stock worth $3,012,000 after purchasing an additional 135,100 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Roadrunner Transportation Systems by 34.7% in the second quarter. Parametric Portfolio Associates LLC now owns 318,104 shares of the company’s stock worth $2,313,000 after purchasing an additional 82,027 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/elliott-management-corp-continues-to-hold-stake-in-roadrunner-transportation-systems-inc-rrts/1615680.html.

Roadrunner Transportation Systems Inc (NASDAQ RRTS) traded down 0.11% during mid-day trading on Friday, hitting $9.35. 128,909 shares of the stock were exchanged. Roadrunner Transportation Systems Inc has a 12-month low of $6.05 and a 12-month high of $11.88. The firm has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.07. The stock has a market capitalization of $358.48 million and a P/E ratio of 14.45.

A number of analysts have recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $8.00 price target on shares of Roadrunner Transportation Systems in a research report on Sunday, October 1st. BidaskClub raised shares of Roadrunner Transportation Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 29th.

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.

Want to see what other hedge funds are holding RRTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roadrunner Transportation Systems Inc (NASDAQ:RRTS).

Institutional Ownership by Quarter for Roadrunner Transportation Systems (NASDAQ:RRTS)

Receive News & Ratings for Roadrunner Transportation Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roadrunner Transportation Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.