Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Stock Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 896,878 shares of the company’s stock after acquiring an additional 123,198 shares during the period. Geode Capital Management LLC’s holdings in Radiant Logistics were worth $5,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. FMR LLC grew its holdings in Radiant Logistics by 877.2% during the third quarter. FMR LLC now owns 1,490,354 shares of the company’s stock worth $9,583,000 after acquiring an additional 1,337,841 shares during the period. Royce & Associates LP grew its stake in shares of Radiant Logistics by 15.4% in the 3rd quarter. Royce & Associates LP now owns 1,748,216 shares of the company’s stock worth $11,241,000 after purchasing an additional 233,244 shares during the last quarter. Barclays PLC increased its stake in Radiant Logistics by 60.0% in the 3rd quarter. Barclays PLC now owns 86,842 shares of the company’s stock worth $558,000 after purchasing an additional 32,556 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Radiant Logistics during the 2nd quarter worth about $145,000. Finally, Meros Investment Management LP lifted its stake in Radiant Logistics by 1.7% during the second quarter. Meros Investment Management LP now owns 1,154,390 shares of the company’s stock valued at $6,568,000 after buying an additional 19,306 shares in the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

Radiant Logistics Stock Up 1.8 %

Shares of RLGT opened at $6.72 on Friday. Radiant Logistics, Inc. has a one year low of $4.83 and a one year high of $7.78. The stock has a market capitalization of $315.30 million, a price-to-earnings ratio of 39.53 and a beta of 0.86.

Radiant Logistics (NYSEAMERICAN:RLGT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Radiant Logistics had a net margin of 1.06% and a return on equity of 11.48%. The firm had revenue of $203.57 million during the quarter.

Radiant Logistics Company Profile

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.