Covenant Transportation Group, Inc. (NASDAQ:CVTI) CEO David Ray Parker sold 29,255 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.01, for a total value of $877,942.55. Following the transaction, the chief executive officer now directly owns 110,580 shares of the company’s stock, valued at approximately $3,318,505.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

David Ray Parker also recently made the following trade(s):

  • On Monday, December 4th, David Ray Parker sold 30,455 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.01, for a total value of $913,954.55.
  • On Wednesday, November 22nd, David Ray Parker sold 3,814 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.00, for a total value of $114,420.00.
  • On Friday, November 24th, David Ray Parker sold 10,783 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.02, for a total value of $323,705.66.
  • On Wednesday, November 1st, David Ray Parker sold 54,219 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.04, for a total value of $1,628,738.76.
  • On Friday, November 3rd, David Ray Parker sold 60,919 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.04, for a total value of $1,830,006.76.
  • On Wednesday, October 25th, David Ray Parker sold 57,381 shares of Covenant Transportation Group stock. The stock was sold at an average price of $28.68, for a total value of $1,645,687.08.
  • On Friday, October 27th, David Ray Parker sold 250,000 shares of Covenant Transportation Group stock. The stock was sold at an average price of $28.77, for a total value of $7,192,500.00.

Shares of Covenant Transportation Group, Inc. (NASDAQ:CVTI) opened at $29.54 on Tuesday. The firm has a market capitalization of $528.95, a price-to-earnings ratio of 41.91 and a beta of 1.67. Covenant Transportation Group, Inc. has a 52-week low of $15.86 and a 52-week high of $30.60. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77.

Covenant Transportation Group (NASDAQ:CVTI) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The business had revenue of $178.60 million for the quarter, compared to analyst estimates of $170.10 million. Covenant Transportation Group had a return on equity of 5.30% and a net margin of 1.82%. Covenant Transportation Group’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. analysts forecast that Covenant Transportation Group, Inc. will post 0.89 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. ValuEngine cut Covenant Transportation Group from a “buy” rating to a “hold” rating in a report on Friday. Cowen reissued a “hold” rating and set a $25.50 price target on shares of Covenant Transportation Group in a report on Tuesday, October 24th. Zacks Investment Research upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. TheStreet upgraded Covenant Transportation Group from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. Finally, BidaskClub upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.63.

A number of hedge funds have recently modified their holdings of CVTI. American International Group Inc. grew its position in Covenant Transportation Group by 7.2% during the 1st quarter. American International Group Inc. now owns 7,309 shares of the transportation company’s stock worth $137,000 after acquiring an additional 489 shares during the last quarter. Vanguard Group Inc. grew its position in Covenant Transportation Group by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 525,843 shares of the transportation company’s stock worth $9,887,000 after acquiring an additional 59,199 shares during the last quarter. Geode Capital Management LLC grew its position in Covenant Transportation Group by 4.2% during the 1st quarter. Geode Capital Management LLC now owns 100,207 shares of the transportation company’s stock worth $1,883,000 after acquiring an additional 4,068 shares during the last quarter. Bank of America Corp DE grew its position in Covenant Transportation Group by 56.3% during the 1st quarter. Bank of America Corp DE now owns 40,854 shares of the transportation company’s stock worth $767,000 after acquiring an additional 14,724 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Covenant Transportation Group during the 2nd quarter worth $622,000. Institutional investors and hedge funds own 63.29% of the company’s stock.

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Covenant Transportation Group Company Profile

Covenant Transportation Group, Inc is a provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. The Company’s segments include Truckload and Other.

Insider Buying and Selling by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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