State Board of Administration of Florida Retirement System decreased its stake in Celadon Group Inc. (NYSE:CGI) by 1.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 25,718 shares of the company’s stock after selling 266 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of Celadon Group worth $210,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CGI. DIAM Co. Ltd. boosted its position in shares of Celadon Group by 36.9% in the second quarter. DIAM Co. Ltd. now owns 20,400 shares of the company’s stock worth $167,000 after buying an additional 5,500 shares during the period. Monarch Partners Asset Management LLC raised its stake in Celadon Group by 69.6% in the second quarter. Monarch Partners Asset Management LLC now owns 26,840 shares of the company’s stock worth $219,000 after buying an additional 11,010 shares in the last quarter. Swiss National Bank raised its stake in Celadon Group by 4.5% in the second quarter. Swiss National Bank now owns 48,300 shares of the company’s stock worth $395,000 after buying an additional 2,100 shares in the last quarter. LPL Financial LLC raised its stake in 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 in the last quarter. Finally, Prudential Financial Inc. raised its stake in 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 in the last quarter. Institutional investors own 90.53% of the company’s stock.
Shares of Celadon Group Inc. (NYSE:CGI) traded down 2.150% on Wednesday, hitting $7.055. The stock had a trading volume of 47,527 shares. Celadon Group Inc. has a 52 week low of $6.19 and a 52 week high of $16.59. The company has a 50-day moving average of $8.28 and a 200 day moving average of $8.80. The company has a market capitalization of $194.81 million, a price-to-earnings ratio of 8.017 and a beta of 1.50.
Celadon Group (NYSE:CGI) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.13. Celadon Group had a net margin of 2.33% and a return on equity of 6.63%. On average, equities research analysts predict that Celadon Group Inc. will post $0.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, October 5th. Celadon Group’s payout ratio is 8.89%.
A number of equities research analysts have recently commented on the company. Stifel Nicolaus lowered Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celadon Group in a research report on Wednesday, June 22nd. KeyCorp reissued a “buy” rating and issued a $11.00 target price on shares of Celadon Group in a research report on Monday, September 26th. Zacks Investment Research lowered Celadon Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Avondale Partners raised Celadon Group from a “market perform” rating to an “outperform” rating and set a $11.30 target price on the stock in a research report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Celadon Group has a consensus rating of “Buy” and an average target price of $28.79.
About Celadon Group
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.
Want to see what other hedge funds are holding CGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celadon Group Inc. (NYSE:CGI).
Receive News & Ratings for Celadon Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celadon Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.