Fmr LLC Holds Position in Celadon Group, Inc. (CGI)
Fmr LLC continued to hold its position in Celadon Group, Inc. (NYSE:CGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,100 shares of the transportation company’s stock at the close of the 2nd quarter. Fmr LLC owned about 0.54% of Celadon Group worth $473,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial For Lutherans grew its stake in Celadon Group by 4.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after buying an additional 720 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Celadon Group in the 2nd quarter worth approximately $121,000. Metropolitan Life Insurance Co. NY grew its stake in Celadon Group by 25.2% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock worth $137,000 after buying an additional 4,212 shares in the last quarter. LMR Partners LLP purchased a new position in Celadon Group in the 2nd quarter worth approximately $216,000. Finally, Alliancebernstein L.P. purchased a new position in Celadon Group in the 2nd quarter worth approximately $227,000. 82.02% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine raised shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Celadon Group presently has an average rating of “Buy” and an average target price of $12.00.
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Celadon Group, Inc. (CGI) opened at $7.45 on Friday. Celadon Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.75. The company has a market cap of $210.83, a P/E ratio of 37.25 and a beta of 1.86.
About Celadon Group
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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