Royce & Associates LP Boosts Position in Celadon Group, Inc. (CGI)
Royce & Associates LP increased its position in shares of Celadon Group, Inc. (NYSE:CGI) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 680,634 shares of the transportation company’s stock after buying an additional 10,000 shares during the quarter. Royce & Associates LP owned about 2.41% of Celadon Group worth $4,594,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CGI. Towle & Co. acquired a new position in Celadon Group during the 3rd quarter worth approximately $14,888,000. Phoenix Investment Adviser LLC raised its stake in shares of Celadon Group by 538.2% in the second quarter. Phoenix Investment Adviser LLC now owns 255,276 shares of the transportation company’s stock worth $804,000 after purchasing an additional 215,276 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Celadon Group in the second quarter worth approximately $558,000. Vanguard Group Inc. raised its stake in shares of Celadon Group by 11.4% in the first quarter. Vanguard Group Inc. now owns 1,530,402 shares of the transportation company’s stock worth $10,024,000 after purchasing an additional 156,262 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake 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 purchasing an additional 137,200 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine raised Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Celadon Group has an average rating of “Buy” and an average target price of $12.00.
Shares of Celadon Group, Inc. (CGI) opened at $6.30 on Monday. The company has a market capitalization of $178.28, a P/E ratio of 31.50 and a beta of 1.87. Celadon Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.61.
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Celadon Group 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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