Roadrunner Transportation Systems Inc. (NYSE:RRTS) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Roadrunner Transportation Systems Inc. (NYSE:RRTS) reported that Elliott Associates, L.p. has picked up 1,059,356 of common stock as of 2017-04-03.

The acquisition brings the aggregate amount owned by Elliott Associates, L.p. to a total of 1,059,356 representing a 2.8% stake in the company.

For those not familiar with the company, 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. The Company operates through three segments: Truckload Logistics, Less-than-Truckload and Global Solutions. The Company utilizes a third-party network of transportation providers, consisting of independent contractors (ICs) and purchased power providers, to serve a diverse customer base. It primarily focuses on small to mid-size shippers.

A glance at Roadrunner Transportation Systems Inc. (NYSE:RRTS)’s key stats reveals a current market capitalization of 281.30 Million based on 38.34 Million shares outstanding and a price at last close of $7.05 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-12, Stoelting picked up 14,100 at a purchase price of $7.93. This brings their total holding to 49,700 as of the date of the filing.

On the sell side, the most recent transaction saw Thayer unload 2,000,000 shares at a sale price of $24.34. This brings their total holding to 7,801,625.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Roadrunner Transportation Systems Inc. (NYSE:RRTS) as things move forward to see if its progress aligns with these transactions.

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