Kennedy Capital Management Inc. Decreases Holdings in Celadon Group, Inc. (CGI)
Kennedy Capital Management Inc. cut its holdings in shares of Celadon Group, Inc. (NYSE:CGI) by 17.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 496,100 shares of the transportation company’s stock after selling 102,161 shares during the quarter. Kennedy Capital Management Inc. owned 1.79% of Celadon Group worth $1,563,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Royce & Associates LP boosted its position in Celadon Group by 33.0% during the 2nd quarter. Royce & Associates LP now owns 670,634 shares of the transportation company’s stock worth $2,112,000 after acquiring an additional 166,400 shares during the period. Phoenix Investment Adviser LLC boosted its position in Celadon Group by 538.2% during the 2nd quarter. Phoenix Investment Adviser LLC now owns 255,276 shares of the transportation company’s stock worth $804,000 after acquiring an additional 215,276 shares during the period. Marshall Wace North America L.P. acquired a new stake in Celadon Group during the 2nd quarter worth about $121,000. LMR Partners LLP acquired a new stake in Celadon Group during the 2nd quarter worth about $216,000. Finally, Traynor Capital Management Inc. acquired a new stake in Celadon Group during the 2nd quarter worth about $489,000. Hedge funds and other institutional investors own 85.21% of the company’s stock.
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Several equities research analysts have recently issued reports on the company. ValuEngine lowered Celadon Group from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Aegis reiterated a “buy” rating and set a $15.00 price target on shares of Celadon Group in a report on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.88.
Shares of Celadon Group, Inc. (NYSE CGI) opened at 6.50 on Thursday. The company has a 50-day moving average price of $4.94 and a 200 day moving average price of $4.29. The firm has a market capitalization of $179.72 million, a price-to-earnings ratio of 75.58 and a beta of 1.68. Celadon Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.75.
Celadon Group 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.
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