American International Group Inc. Sells 3,345 Shares of Celadon Group, Inc. (NYSE:CGI)

American International Group Inc. cut its position in Celadon Group, Inc. (NYSE:CGI) by 16.6% during the first quarter, Holdings Channel reports. The institutional investor owned 16,781 shares of the transportation company’s stock after selling 3,345 shares during the period. American International Group Inc.’s holdings in Celadon Group were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CGI. Ameriprise Financial Inc. increased its position in shares of Celadon Group by 5.8% in the first quarter. Ameriprise Financial Inc. now owns 153,210 shares of the transportation company’s stock worth $1,003,000 after buying an additional 8,350 shares in the last quarter. Symphony Asset Management LLC purchased a new position in shares of Celadon Group during the first quarter worth approximately $242,000. Comerica Bank increased its position in shares of Celadon Group by 5.9% in the first quarter. Comerica Bank now owns 31,020 shares of the transportation company’s stock worth $126,000 after buying an additional 1,732 shares in the last quarter. Boston Partners increased its position in shares of Celadon Group by 34.9% in the first quarter. Boston Partners now owns 1,383,150 shares of the transportation company’s stock worth $9,060,000 after buying an additional 357,910 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of 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 worth $193,000 after buying an additional 3,771 shares in the last quarter.

Celadon Group, Inc. (NYSE CGI) opened at 4.60 on Thursday. Celadon Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.75. The firm has a market cap of $127.19 million, a P/E ratio of 53.49 and a beta of 1.72. The stock’s 50 day moving average is $3.67 and its 200 day moving average is $5.01.

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A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, April 21st. ValuEngine downgraded shares of Celadon Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Aegis reiterated a “buy” rating and issued a $15.00 target price on shares of Celadon Group in a report on Tuesday, July 4th. Finally, Credit Suisse Group upgraded shares of Celadon Group to an “outperform” rating in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.65.

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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