Celadon Group Inc. (NYSE:CGI)’s share price dropped 4.8% during trading on Tuesday . The company traded as low as $7.65 and last traded at $7.66, with a volume of 238,936 shares trading hands. The stock had previously closed at $8.05.

CGI has been the subject of a number of research reports. Stifel Nicolaus lowered Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Cowen and Company upped their price objective on Celadon Group from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Royal Bank Of Canada restated an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. Zacks Investment Research downgraded Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Desjardins restated a “hold” rating on shares of Celadon Group in a research report on Friday, April 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.86.

The stock has a market cap of $210.68 million and a P/E ratio of 5.95. The stock has a 50-day moving average of $8.72 and a 200 day moving average of $9.29.

A number of large investors have recently bought and sold shares of the company. Buckhead Capital Management LLC boosted its stake in Celadon Group by 79.5% in the fourth quarter. Buckhead Capital Management LLC now owns 134,631 shares of the company’s stock valued at $1,332,000 after buying an additional 59,624 shares during the last quarter. First Trust Advisors LP boosted its stake in Celadon Group by 1.8% in the fourth quarter. First Trust Advisors LP now owns 171,927 shares of the company’s stock valued at $1,700,000 after buying an additional 3,003 shares during the last quarter. Bank of Montreal Can boosted its stake in Celadon Group by 164,905.0% in the fourth quarter. Bank of Montreal Can now owns 495,015 shares of the company’s stock valued at $4,896,000 after buying an additional 494,715 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Celadon Group by 18.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,649,832 shares of the company’s stock valued at $16,317,000 after buying an additional 258,505 shares during the last quarter.

Celadon Group, Inc (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services, such as United States domestic dry van, refrigerated, and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service, and rail intermodal service.

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