Celadon Group, Inc. (NYSE:CGI) shot up 7% on Friday . The stock traded as high as $5.50 and last traded at $5.35, with a volume of 731,444 shares. The stock had previously closed at $5.00.

Several brokerages have recently weighed in on CGI. ValuEngine upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Aegis reiterated a “buy” rating and set a $15.00 target price on shares of Celadon Group in a research note on Tuesday, July 4th. Finally, Credit Suisse Group upgraded shares of Celadon Group to an “outperform” rating in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.88.

The firm has a 50 day moving average of $4.43 and a 200 day moving average of $4.58. The firm has a market capitalization of $147.92 million, a price-to-earnings ratio of 62.21 and a beta of 1.67.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in Celadon Group by 0.8% in the first quarter. Prudential Financial Inc. now owns 47,241 shares of the transportation company’s stock valued at $309,000 after buying an additional 380 shares during the period. Thrivent Financial For Lutherans raised its position in Celadon Group by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock valued at $104,000 after buying an additional 720 shares during the period. Comerica Bank raised its position in Celadon Group by 5.9% in the first quarter. Comerica Bank now owns 31,020 shares of the transportation company’s stock valued at $126,000 after buying an additional 1,732 shares during the period. Schwab Charles Investment Management Inc. raised its position in Celadon Group by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 76,567 shares of the transportation company’s stock valued at $502,000 after buying an additional 2,907 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in Celadon Group by 14.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,489 shares of the transportation company’s stock valued at $193,000 after buying an additional 3,771 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

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Celadon Group Company Profile

Celadon Group, Inc (Celadon) is a truckload freight transportation provider. The Company’s segments are asset-based, asset-light, and equipment leasing and services. Its services involve point-to-point shipping for its customers within the United States, between the United States and Mexico, and between the United States and Canada.