Foundry Partners LLC Increases Stake in Celadon Group, Inc. (CGI)

Foundry Partners LLC increased its position in Celadon Group, Inc. (NYSE:CGI) by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 897,360 shares of the transportation company’s stock after buying an additional 128,750 shares during the period. Foundry Partners LLC owned 3.25% of Celadon Group worth $2,827,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial For Lutherans raised its position 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 worth $104,000 after buying an additional 720 shares in the last quarter. Comerica Bank raised its position in 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. Alambic Investment Management L.P. acquired a new position in Celadon Group during the first quarter worth approximately $130,000. Metropolitan Life Insurance Co. NY raised its position in Celadon Group by 25.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock worth $137,000 after buying an additional 4,212 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in Celadon Group by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 25,571 shares of the transportation company’s stock worth $167,000 after buying an additional 3,859 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Celadon Group, Inc. (CGI) opened at 4.45 on Thursday. Celadon Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.75. The company’s 50-day moving average is $3.90 and its 200-day moving average is $4.87. The company has a market capitalization of $123.04 million, a price-to-earnings ratio of 51.74 and a beta of 1.72.

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CGI has been the topic of a number of recent research reports. Aegis reaffirmed a “buy” rating and set a $15.00 price target on shares of Celadon Group in a research report on Tuesday, July 4th. ValuEngine raised shares of Celadon Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of Celadon Group from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, Credit Suisse Group raised shares of Celadon Group to an “outperform” rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.65.

About Celadon Group

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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