Twin Lakes Capital Management LLC Takes $1.27 Million Position in FedEx Freight Hldg Co $FDXF

Twin Lakes Capital Management LLC acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF) in the second quarter, HoldingsChannel reports. The institutional investor acquired 8,402 shares of the company’s stock, valued at approximately $1,269,000.

Other institutional investors have also made changes to their positions in the company. Maple Rock Capital Partners Inc. acquired a new position in FedEx Freight in the second quarter worth about $68,207,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of FedEx Freight in the 2nd quarter valued at approximately $19,666,000. Ancora Advisors LLC acquired a new position in shares of FedEx Freight in the 2nd quarter worth approximately $8,279,000. Pacific Heights Asset Management LLC acquired a new position in shares of FedEx Freight in the 2nd quarter worth approximately $6,418,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of FedEx Freight during the 2nd quarter worth approximately $5,884,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on FDXF. Raymond James Financial assumed coverage on FedEx Freight in a report on Wednesday, June 3rd. They set an “outperform” rating and a $180.00 price objective for the company. Wolfe Research initiated coverage on FedEx Freight in a report on Thursday, June 4th. They issued an “outperform” rating and a $180.00 target price on the stock. Citizens Jmp assumed coverage on FedEx Freight in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $190.00 price objective for the company. Truist Financial assumed coverage on FedEx Freight in a report on Tuesday, June 2nd. They set a “hold” rating on the stock. Finally, Zacks Research raised FedEx Freight to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, FedEx Freight has an average rating of “Moderate Buy” and an average target price of $177.90.

FedEx Freight Stock Down 1.0%

NYSE FDXF opened at $126.31 on Thursday. FedEx Freight Hldg Co has a 52 week low of $125.89 and a 52 week high of $194.27. The company has a fifty day moving average price of $144.54.

FedEx Freight (NYSE:FDXF) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. As a group, equities research analysts expect that FedEx Freight Hldg Co will post 5.48 EPS for the current year.

FedEx Freight Profile

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.