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

Geode Capital Management LLC grew its position in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGTFree Report) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 896,878 shares of the company’s stock after purchasing an additional 123,198 shares during the quarter. Geode Capital Management LLC owned approximately 1.91% of Radiant Logistics worth $5,768,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Radiant Logistics by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 185,626 shares of the company’s stock valued at $1,056,000 after acquiring an additional 17,984 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Radiant Logistics by 2.6% in the second quarter. Hsbc Holdings PLC now owns 68,131 shares of the company’s stock valued at $384,000 after buying an additional 1,722 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Radiant Logistics during the second quarter worth about $145,000. The Manufacturers Life Insurance Company grew its holdings in shares of Radiant Logistics by 27.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,255 shares of the company’s stock worth $92,000 after buying an additional 3,533 shares during the last quarter. Finally, Meros Investment Management LP increased its position in Radiant Logistics by 1.7% in the 2nd quarter. Meros Investment Management LP now owns 1,154,390 shares of the company’s stock valued at $6,568,000 after acquiring an additional 19,306 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Radiant Logistics Trading Up 1.8 %

Shares of NYSEAMERICAN:RLGT opened at $6.72 on Friday. The stock has a market capitalization of $315.30 million, a PE ratio of 39.53 and a beta of 0.86. Radiant Logistics, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $7.78.

Radiant Logistics (NYSEAMERICAN:RLGTGet Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $203.57 million during the quarter. Radiant Logistics had a return on equity of 11.48% and a net margin of 1.06%.

Radiant Logistics Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RLGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radiant Logistics, Inc. (NYSEAMERICAN:RLGTFree Report).

Institutional Ownership by Quarter for Radiant Logistics (NYSEAMERICAN:RLGT)

Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.