Alliancebernstein L.P. Cuts Holdings in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)

Alliancebernstein L.P. lessened its stake in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Free Report) by 91.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,420 shares of the company's stock after selling 294,353 shares during the quarter. Alliancebernstein L.P. owned approximately 0.06% of Radiant Logistics worth $184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP grew its holdings in shares of Radiant Logistics by 29.7% in the fourth quarter. Royce & Associates LP now owns 2,266,678 shares of the company's stock valued at $15,187,000 after purchasing an additional 518,462 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Radiant Logistics by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 2,565,216 shares of the company's stock worth $17,187,000 after buying an additional 177,990 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Radiant Logistics by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 896,878 shares of the company's stock worth $5,768,000 after buying an additional 123,198 shares during the last quarter. Barclays PLC raised its position in shares of Radiant Logistics by 60.0% during the 3rd quarter. Barclays PLC now owns 86,842 shares of the company's stock valued at $558,000 after buying an additional 32,556 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of Radiant Logistics in the 4th quarter valued at about $153,000. Institutional investors own 53.59% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Radiant Logistics from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 10th.

Insider Buying and Selling at Radiant Logistics

In other news, CFO Todd Macomber sold 30,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the transaction, the chief financial officer now directly owns 181,704 shares in the company, valued at $1,377,316.32. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 24.60% of the stock is currently owned by company insiders.

Radiant Logistics Stock Down 2.1 %

Shares of RLGT stock traded down $0.13 during mid-day trading on Friday, hitting $5.95. 94,241 shares of the stock traded hands, compared to its average volume of 127,310. Radiant Logistics, Inc. has a 52-week low of $4.83 and a 52-week high of $7.94. The stock has a market cap of $279.71 million, a P/E ratio of 21.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 1.41. The stock's fifty day moving average is $6.31 and its two-hundred day moving average is $6.65.

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.