Phoenix Investment Adviser LLC Has $1.87 Million Position in Celadon Group, Inc. (CGI)
Phoenix Investment Adviser LLC increased its stake in Celadon Group, Inc. (NYSE:CGI) by 8.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 276,712 shares of the transportation company’s stock after acquiring an additional 21,436 shares during the quarter. Celadon Group makes up about 1.5% of Phoenix Investment Adviser LLC’s portfolio, making the stock its 8th biggest holding. Phoenix Investment Adviser LLC owned 0.98% of Celadon Group worth $1,868,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of CGI. Thrivent Financial For Lutherans increased its holdings in Celadon Group by 4.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after acquiring an additional 720 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Celadon Group in the 2nd quarter worth $121,000. Metropolitan Life Insurance Co. NY increased its holdings in Celadon Group by 25.2% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock worth $137,000 after acquiring an additional 4,212 shares in the last quarter. Callahan Advisors LLC purchased a new stake in Celadon Group in the 3rd quarter worth $145,000. Finally, LMR Partners LLP purchased a new stake in Celadon Group in the 2nd quarter worth $216,000. 84.04% of the stock is owned by institutional investors.
Separately, ValuEngine raised shares of Celadon Group from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $12.00.
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Shares of Celadon Group, Inc. (NYSE CGI) opened at $7.40 on Friday. Celadon Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.75. The stock has a market cap of $209.41, a price-to-earnings ratio of 37.00 and a beta of 1.86.
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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