Covenant Transportation Group, Inc. (NASDAQ:CVTI) COO Samuel F. Hough sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the chief operating officer now owns 62,763 shares in the company, valued at $1,882,890. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) traded down $0.82 during trading on Tuesday, hitting $28.33. The stock had a trading volume of 110,831 shares, compared to its average volume of 189,845. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $517.36, a price-to-earnings ratio of 42.28 and a beta of 1.69. Covenant Transportation Group, Inc. has a 1-year low of $15.86 and a 1-year high of $30.60.

Covenant Transportation Group (NASDAQ:CVTI) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. Covenant Transportation Group had a net margin of 1.82% and a return on equity of 5.35%. The firm had revenue of $178.60 million during the quarter, compared to the consensus estimate of $170.10 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. equities research analysts expect that Covenant Transportation Group, Inc. will post 0.86 EPS for the current year.

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A number of equities research analysts have recently commented on the company. ValuEngine upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Stephens upgraded Covenant Transportation Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $25.00 in a report on Monday, August 14th. Zacks Investment Research upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded Covenant Transportation Group from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Cowen and Company restated a “hold” rating and set a $25.50 target price on shares of Covenant Transportation Group in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Covenant Transportation Group presently has a consensus rating of “Hold” and a consensus price target of $25.63.

Large investors have recently made changes to their positions in the company. American International Group Inc. raised its holdings in shares of Covenant Transportation Group by 7.2% in the first quarter. American International Group Inc. now owns 7,309 shares of the transportation company’s stock valued at $137,000 after buying an additional 489 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Covenant Transportation Group by 11.9% in the first quarter. Nationwide Fund Advisors now owns 10,166 shares of the transportation company’s stock valued at $191,000 after buying an additional 1,080 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Covenant Transportation Group by 15.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,909 shares of the transportation company’s stock worth $191,000 after purchasing an additional 1,472 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Covenant Transportation Group during the third quarter worth about $217,000. Finally, Quantum Capital Management purchased a new position in Covenant Transportation Group during the third quarter worth about $230,000. 61.57% of the stock is owned by institutional investors and hedge funds.

About Covenant Transportation Group

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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