Birch Capital Management LLC Buys New Position in FedEx Freight Hldg Co $FDXF

Birch Capital Management LLC purchased a new position in shares of FedEx Freight Hldg Co (NYSE:FDXF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,528 shares of the company’s stock, valued at approximately $1,439,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Diamond Hill Capital Management LLC Investment Advisor bought a new position in FedEx Freight during the 2nd quarter valued at $19,666,000. Commerzbank Aktiengesellschaft FI purchased a new position in FedEx Freight during the 2nd quarter worth $984,000. Sumitomo Life Insurance Co. bought a new stake in shares of FedEx Freight in the 2nd quarter worth $194,000. Kiltearn Partners LLP bought a new stake in shares of FedEx Freight in the 2nd quarter worth $1,727,000. Finally, Ancora Advisors LLC bought a new stake in shares of FedEx Freight in the 2nd quarter worth $8,279,000.

FedEx Freight Trading Down 4.6%

NYSE FDXF opened at $127.62 on Wednesday. FedEx Freight Hldg Co has a one year low of $126.53 and a one year high of $194.27. The business’s fifty day simple moving average is $145.22.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on FDXF shares. Zacks Research raised shares of FedEx Freight to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of FedEx Freight to a “hold” rating in a research report on Saturday, June 6th. Citizens Jmp started 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. Stifel Nicolaus started coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued a “hold” rating and a $160.00 price objective for the company. Finally, Truist Financial assumed coverage on shares of FedEx Freight in a research report on Tuesday, June 2nd. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $177.90.

About FedEx Freight

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.