Thrivent Financial for Lutherans decreased its holdings in Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 56.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,416 shares of the company’s stock after selling 71,624 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Radiant Logistics worth $236,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Radiant Logistics by 193.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,490 shares of the company’s stock worth $363,000 after purchasing an additional 40,571 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Radiant Logistics during the 3rd quarter valued at $258,000. Virtu Financial LLC acquired a new stake in shares of Radiant Logistics during the 3rd quarter valued at $196,000. Dimensional Fund Advisors LP boosted its stake in shares of Radiant Logistics by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,045,181 shares of the company’s stock valued at $12,087,000 after buying an additional 162,296 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Radiant Logistics during the 3rd quarter valued at $1,925,000. Hedge funds and other institutional investors own 39.47% of the company’s stock.
Several research analysts recently commented on RLGT shares. TheStreet upgraded shares of Radiant Logistics from a “c+” rating to a “b” rating in a report on Monday, March 4th. Zacks Investment Research upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Wednesday, January 30th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Radiant Logistics in a report on Monday, February 4th.
Shares of RLGT opened at $7.27 on Wednesday. Radiant Logistics Inc has a one year low of $3.46 and a one year high of $7.27.
Radiant Logistics (NYSEAMERICAN:RLGT) last posted its quarterly earnings data on Monday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $260.94 million for the quarter, compared to the consensus estimate of $232.02 million.
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Radiant Logistics Profile
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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