Macquarie Group Ltd. bought a new stake in Celadon Group, Inc. (NYSE:CGI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 93,328 shares of the transportation company’s stock, valued at approximately $630,000. Macquarie Group Ltd. owned about 0.33% of Celadon Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of 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 last quarter. Metropolitan Life Insurance Co. NY increased its position in Celadon Group by 25.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock worth $137,000 after purchasing an additional 4,212 shares during the last quarter. Geode Capital Management LLC increased its position in Celadon Group by 3.0% during the first quarter. Geode Capital Management LLC now owns 223,626 shares of the transportation company’s stock worth $1,464,000 after purchasing an additional 6,410 shares during the last quarter. Credit Suisse AG increased its position in Celadon Group by 14.9% during the first quarter. Credit Suisse AG now owns 52,737 shares of the transportation company’s stock worth $345,000 after purchasing an additional 6,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Celadon Group by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,256,834 shares of the transportation company’s stock worth $7,109,000 after purchasing an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Separately, ValuEngine upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $12.00.

Shares of Celadon Group, Inc. (NYSE CGI) opened at $6.00 on Wednesday. Celadon Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.61. The stock has a market cap of $179.70, a PE ratio of 31.75 and a beta of 1.87.

ILLEGAL ACTIVITY WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/93328-shares-in-celadon-group-inc-cgi-purchased-by-macquarie-group-ltd/1761214.html.

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.

Institutional Ownership by Quarter for Celadon Group (NYSE:CGI)

Receive News & Ratings for Celadon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celadon Group and related companies with Analyst Ratings Network's FREE daily email newsletter.