Celadon Group, Inc. (NYSE:CGI) has received an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.60.

Several research firms have commented 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 restated a “buy” rating and issued a $15.00 price target 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.

Institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Celadon Group during the second quarter worth approximately $558,000. Cubist Systematic Strategies LLC increased its position in shares of Celadon Group by 145.0% in the second quarter. Cubist Systematic Strategies LLC now owns 75,284 shares of the transportation company’s stock worth $237,000 after buying an additional 44,551 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Celadon Group by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,256,834 shares of the transportation company’s stock worth $7,109,000 after buying an additional 12,500 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Celadon Group by 193.8% in the second quarter. California Public Employees Retirement System now owns 208,000 shares of the transportation company’s stock worth $655,000 after buying an additional 137,200 shares during the last quarter. Finally, Penn Capital Management Co. Inc. increased its position in shares of Celadon Group by 10.0% in the second quarter. Penn Capital Management Co. Inc. now owns 861,973 shares of the transportation company’s stock worth $2,715,000 after buying an additional 78,361 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

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Shares of Celadon Group (NYSE CGI) traded up 7.00% during mid-day trading on Tuesday, reaching $5.35. The company’s stock had a trading volume of 731,444 shares. The stock has a 50 day moving average of $4.35 and a 200-day moving average of $4.61. The stock has a market cap of $147.92 million, a P/E ratio of 62.21 and a beta of 1.72. Celadon Group has a one year low of $1.30 and a one year high of $9.75.

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.

Analyst Recommendations for Celadon Group (NYSE:CGI)

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