Swiss National Bank raised its position in shares of Celadon Group Inc. (NYSE:CGI) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,300 shares of the company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank owned 0.17% of Celadon Group worth $395,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in CGI. Prudential Financial Inc. raised its position in shares of Celadon Group by 35.6% in the first quarter. Prudential Financial Inc. now owns 87,251 shares of the company’s stock worth $914,000 after buying an additional 22,900 shares during the period. Wellington Management Group LLP raised its position in shares of Celadon Group by 13.3% in the first quarter. Wellington Management Group LLP now owns 2,476,302 shares of the company’s stock worth $25,951,000 after buying an additional 291,369 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Celadon Group by 52.4% in the first quarter. Kennedy Capital Management Inc. now owns 151,983 shares of the company’s stock worth $1,593,000 after buying an additional 52,279 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Celadon Group during the first quarter worth about $1,086,000. Finally, LPL Financial LLC raised its position in shares of Celadon Group by 0.5% in the first quarter. LPL Financial LLC now owns 81,867 shares of the company’s stock worth $793,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 90.53% of the company’s stock.
Celadon Group Inc. (NYSE:CGI) traded down 1.53% on Wednesday, hitting $7.10. The stock had a trading volume of 103,890 shares. Celadon Group Inc. has a one year low of $6.19 and a one year high of $16.59. The stock has a market cap of $196.05 million, a price-to-earnings ratio of 8.07 and a beta of 1.50. The stock’s 50 day moving average is $8.28 and its 200 day moving average is $8.80.
Celadon Group (NYSE:CGI) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.13. Celadon Group had a net margin of 2.33% and a return on equity of 6.63%. Analysts anticipate that Celadon Group Inc. will post $0.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, October 5th. Celadon Group’s dividend payout ratio is presently 8.89%.
CGI has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. Stifel Nicolaus lowered Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research lowered Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Avondale Partners upgraded Celadon Group from a “market perform” rating to an “outperform” rating and set a $11.30 price objective on the stock in a report on Wednesday, August 31st. Finally, KeyCorp restated a “buy” rating and issued a $11.00 price objective on shares of Celadon Group in a report on Monday, September 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.79.
Celadon Group Company Profile
Celadon Group, Inc (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services, such as United States domestic dry van, refrigerated, and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service, and rail intermodal service.
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