Emerald Acquisition Ltd. acquired a new stake in Celadon Group Inc. (NYSE:CGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 438,576 shares of the company’s stock, valued at approximately $3,583,000. Emerald Acquisition Ltd. owned about 1.59% of Celadon Group as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Prudential Financial Inc. increased its stake in shares of Celadon Group by 35.6% in the first quarter. Prudential Financial Inc. now owns 87,251 shares of the company’s stock valued at $914,000 after buying an additional 22,900 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Celadon Group by 8.1% in the first quarter. Geode Capital Management LLC now owns 208,584 shares of the company’s stock valued at $2,185,000 after buying an additional 15,606 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Celadon Group by 13.3% in the first quarter. Wellington Management Group LLP now owns 2,476,302 shares of the company’s stock valued at $25,951,000 after buying an additional 291,369 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Celadon Group by 52.4% in the first quarter. Kennedy Capital Management Inc. now owns 151,983 shares of the company’s stock valued at $1,593,000 after buying an additional 52,279 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Celadon Group during the first quarter valued at $1,086,000. Institutional investors and hedge funds own 90.36% of the company’s stock.

Shares of Celadon Group Inc. (NYSE:CGI) traded up 5.14% during trading on Thursday, reaching $8.79. 436,362 shares of the company’s stock were exchanged. The company’s 50-day moving average is $7.78 and its 200 day moving average is $9.07. Celadon Group Inc. has a 52 week low of $6.19 and a 52 week high of $17.36. The stock has a market capitalization of $242.72 million, a PE ratio of 9.99 and a beta of 1.67.

Celadon Group (NYSE:CGI) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.13. Celadon Group had a return on equity of 6.63% and a net margin of 2.33%. On average, analysts forecast that Celadon Group Inc. will post $0.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, October 5th. Celadon Group’s payout ratio is currently 8.89%.

Several analysts have recently weighed in on CGI shares. Desjardins upgraded shares of Celadon Group from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. Stifel Nicolaus downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research downgraded shares of Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Avondale Partners upgraded shares of Celadon Group from a “market perform” rating to an “outperform” rating and set a $11.30 price target for the company in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $29.29.

About Celadon Group

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.

5 Day Chart for NYSE:CGI

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