Is Roadrunner Transportation Systems Inc (RRTS) A Good Stock To Buy?

Because Roadrunner Transportation Systems Inc (NYSE:RRTS) has witnessed a decline in interest from hedge fund managers, it’s easy to see that there exists a select few funds that slashed their full holdings in the third quarter. Intriguingly, Peter Muller’s PDT Partners dumped the largest stake of the “upper crust” of funds followed by Insider Monkey, worth close to $0.4 million in stock. Paul Tudor Jones’s fund, Tudor Investment Corp, also sold off its stock, about $0.1 million worth of RRTS shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Roadrunner Transportation Systems Inc (NYSE:RRTS) but similarly valued. We will take a look at Model N Inc (NYSE:MODN), Aquinox Pharmaceuticals Inc (NASDAQ:AQXP), Luxfer Holdings PLC (ADR) (NYSE:LXFR), and FRP Holdings Inc (NASDAQ:FRPH). This group of stocks’ market values are closest to RRTS’s market value.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $105 million. That figure was $35 million in RRTS’s case. Model N Inc (NYSE:MODN) is the most popular stock in this table. On the other hand FRP Holdings Inc (NASDAQ:FRPH) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Roadrunner Transportation Systems Inc (NYSE:RRTS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.