Swiss National Bank held its position in Covenant Transportation Group, Inc. (NASDAQ:CVTI) during the first quarter, Holdings Channel reports. The fund owned 19,600 shares of the transportation company’s stock at the end of the first quarter. Swiss National Bank’s holdings in Covenant Transportation Group were worth $368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in Covenant Transportation Group by 11.9% in the first quarter. Nationwide Fund Advisors now owns 10,166 shares of the transportation company’s stock valued at $191,000 after buying an additional 1,080 shares during the last quarter. Teachers Advisors LLC boosted its position in Covenant Transportation Group by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 19,263 shares of the transportation company’s stock valued at $373,000 after buying an additional 1,268 shares during the last quarter. Horrell Capital Management Inc. boosted its position in Covenant Transportation Group by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $612,000 after buying an additional 100 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Covenant Transportation Group by 6.2% in the first quarter. Wedge Capital Management L L P NC now owns 27,500 shares of the transportation company’s stock valued at $517,000 after buying an additional 1,600 shares during the last quarter. Finally, Comerica Bank purchased a new position in Covenant Transportation Group during the first quarter valued at $930,000. Hedge funds and other institutional investors own 63.06% of the company’s stock.

Covenant Transportation Group, Inc. (CVTI) opened at 16.95 on Friday. The company has a 50 day moving average price of $17.86 and a 200-day moving average price of $18.68. The company has a market cap of $309.71 million, a PE ratio of 25.04 and a beta of 1.66. Covenant Transportation Group, Inc. has a 12 month low of $14.26 and a 12 month high of $23.51.

Covenant Transportation Group (NASDAQ:CVTI) last announced its earnings results on Thursday, April 20th. The transportation company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $158.70 million for the quarter, compared to analyst estimates of $154.90 million. Covenant Transportation Group had a return on equity of 5.65% and a net margin of 1.92%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Equities analysts predict that Covenant Transportation Group, Inc. will post $0.72 earnings per share for the current fiscal year.

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Several research analysts have weighed in on the company. BidaskClub cut Covenant Transportation Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. ValuEngine upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet cut Covenant Transportation Group from a “b-” rating to a “c” rating in a research report on Thursday, April 20th. Finally, Zacks Investment Research upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Covenant Transportation Group Company Profile

Covenant Transportation Group, Inc is a provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. The Company’s segments include Truckload and Other.

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Institutional Ownership by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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