Teachers Advisors LLC Reduces Stake in Roadrunner Transportation Systems Inc (RRTS)

Teachers Advisors LLC cut its position in Roadrunner Transportation Systems Inc (NASDAQ:RRTS) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,296 shares of the company’s stock after selling 7,353 shares during the quarter. Teachers Advisors LLC owned 0.15% of Roadrunner Transportation Systems worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in shares of Roadrunner Transportation Systems by 49.0% in the second quarter. Alliancebernstein L.P. now owns 25,230 shares of the company’s stock valued at $183,000 after buying an additional 8,300 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Roadrunner Transportation Systems by 22.5% in the second quarter. Wells Fargo & Company MN now owns 28,767 shares of the company’s stock valued at $209,000 after buying an additional 5,287 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Roadrunner Transportation Systems in the second quarter valued at $201,000. LSV Asset Management grew its stake 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 valued at $3,659,000 after buying an additional 38,700 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in shares of Roadrunner Transportation Systems in the second quarter valued at $501,000.

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Roadrunner Transportation Systems Inc (NASDAQ RRTS) opened at $7.66 on Tuesday. Roadrunner Transportation Systems Inc has a fifty-two week low of $6.05 and a fifty-two week high of $11.88.

A number of brokerages have recently weighed in on RRTS. Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Roadrunner Transportation Systems in a research note on Sunday, October 1st. BidaskClub raised Roadrunner Transportation Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 29th. Finally, TheStreet raised Roadrunner Transportation Systems from a “c” rating to a “b-” rating in a research note on Thursday, October 12th.

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

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