Maple Rock Capital Partners Inc. Buys Shares of 451,700 FedEx Freight Hldg Co $FDXF

Maple Rock Capital Partners Inc. bought a new stake in FedEx Freight Hldg Co (NYSE:FDXF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 451,700 shares of the company’s stock, valued at approximately $68,207,000. FedEx Freight comprises 1.4% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also modified their holdings of FDXF. Kiltearn Partners LLP purchased a new stake in shares of FedEx Freight during the second quarter worth approximately $1,727,000. Ancora Advisors LLC purchased a new position in FedEx Freight in the 2nd quarter valued at $8,279,000. F&V Capital Management LLC acquired a new position in FedEx Freight in the 2nd quarter valued at $4,785,000. Pacific Heights Asset Management LLC purchased a new position in FedEx Freight during the 2nd quarter worth $6,418,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FedEx Freight during the 2nd quarter worth $19,666,000.

Analysts Set New Price Targets

Several analysts have recently commented on FDXF shares. Wall Street Zen upgraded shares of FedEx Freight to a “hold” rating in a research note on Saturday, June 6th. Zacks Research upgraded shares of FedEx Freight to a “hold” rating in a research note on Tuesday, June 2nd. Bank of America assumed coverage on shares of FedEx Freight in a report on Monday, June 1st. They set a “buy” rating and a $185.00 price target for the company. Citizens Jmp initiated coverage on shares of 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. Finally, Stifel Nicolaus assumed coverage on FedEx Freight in a report on Thursday, June 4th. They issued a “hold” rating and a $160.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx Freight presently has an average rating of “Moderate Buy” and an average price target of $177.90.

FedEx Freight Price Performance

NYSE:FDXF opened at $133.88 on Tuesday. The business has a fifty day simple moving average of $146.02. FedEx Freight Hldg Co has a 1 year low of $127.65 and a 1 year high of $194.27.

FedEx Freight (NYSE:FDXF) last released its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. As a group, sell-side analysts anticipate that FedEx Freight Hldg Co will post 5.48 EPS for the current year.

FedEx Freight Company 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.