Celadon Group, Inc. (CGI) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in Celadon Group, Inc. (NYSE:CGI) by 18.0% during the first quarter, Holdings Channel reports. The fund owned 2,244,334 shares of the transportation company’s stock after buying an additional 341,936 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Celadon Group worth $14,700,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CGI. Boston Partners increased its stake in Celadon Group by 34.9% in the first quarter. Boston Partners now owns 1,383,150 shares of the transportation company’s stock valued at $9,060,000 after buying an additional 357,910 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in Celadon Group by 58.0% in the first quarter. Kennedy Capital Management Inc. now owns 598,261 shares of the transportation company’s stock valued at $3,919,000 after buying an additional 219,524 shares during the last quarter. Vanguard Group Inc. increased its stake in Celadon Group by 11.4% in the first quarter. Vanguard Group Inc. now owns 1,530,402 shares of the transportation company’s stock valued at $10,024,000 after buying an additional 156,262 shares during the last quarter. Scout Investments Inc. bought a new stake in Celadon Group during the first quarter valued at $1,471,000. Finally, Royce & Associates LP increased its stake in Celadon Group by 22.0% in the first quarter. Royce & Associates LP now owns 504,234 shares of the transportation company’s stock valued at $3,303,000 after buying an additional 90,900 shares during the last quarter. 92.07% of the stock is owned by institutional investors.
Shares of Celadon Group, Inc. (NYSE CGI) traded down 1.09% during midday trading on Wednesday, hitting $4.55. 75,864 shares of the company were exchanged. The stock has a market cap of $125.80 million, a PE ratio of 52.91 and a beta of 1.72. The stock’s 50-day moving average is $3.86 and its 200-day moving average is $4.87. Celadon Group, Inc. has a one year low of $1.30 and a one year high of $9.75.
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Several equities research analysts have recently weighed in on CGI shares. Credit Suisse Group raised shares of Celadon Group to an “outperform” rating in a research report on Friday, May 12th. ValuEngine raised shares of Celadon Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, Aegis reissued a “buy” rating and issued a $15.00 target price on shares of Celadon Group in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.65.
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.
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