Celadon Group, Inc. (CGI) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its holdings in Celadon Group, Inc. (NYSE:CGI) by 33.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 670,634 shares of the transportation company’s stock after buying an additional 166,400 shares during the quarter. Royce & Associates LP owned about 2.43% of Celadon Group worth $2,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Prudential Financial Inc. raised its stake in Celadon Group by 0.8% in the first quarter. Prudential Financial Inc. now owns 47,241 shares of the transportation company’s stock valued at $309,000 after buying an additional 380 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Celadon Group by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock valued at $104,000 after buying an additional 720 shares during the last quarter. Comerica Bank raised its stake in Celadon Group by 5.9% in the first quarter. Comerica Bank now owns 31,020 shares of the transportation company’s stock valued at $126,000 after buying an additional 1,732 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Celadon Group by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 76,567 shares of the transportation company’s stock valued at $502,000 after buying an additional 2,907 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Celadon Group by 14.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,489 shares of the transportation company’s stock valued at $193,000 after buying an additional 3,771 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

CGI has been the subject of several research analyst reports. Aegis restated a “buy” rating and issued a $15.00 price objective on shares of Celadon Group in a research note on Tuesday, July 4th. ValuEngine cut Celadon Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Celadon Group presently has a consensus rating of “Hold” and a consensus price target of $19.88.

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Celadon Group, Inc. (NYSE:CGI) opened at 5.65 on Wednesday. The stock has a market capitalization of $156.22 million, a PE ratio of 65.70 and a beta of 1.68. The stock has a 50 day moving average price of $4.67 and a 200 day moving average price of $4.40. Celadon Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.75.

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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Institutional Ownership by Quarter for Celadon Group (NYSE:CGI)

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