Boston Partners raised its position in Celadon Group, Inc. (NYSE:CGI) by 27.6% during the second quarter, Holdings Channel reports. The fund owned 1,765,250 shares of the transportation company’s stock after buying an additional 382,100 shares during the period. Boston Partners owned about 0.06% of Celadon Group worth $5,561,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Celadon Group by 51.0% in the first quarter. Goldman Sachs Group Inc. now owns 77,083 shares of the transportation company’s stock worth $505,000 after buying an additional 26,039 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Celadon Group by 14.9% in the first quarter. Credit Suisse AG now owns 52,737 shares of the transportation company’s stock worth $345,000 after buying an additional 6,835 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Celadon Group during the first quarter worth $480,000. Finally, Bank of America Corp DE boosted its stake in shares of Celadon Group by 48.4% in the first quarter. Bank of America Corp DE now owns 63,082 shares of the transportation company’s stock worth $414,000 after buying an additional 20,565 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.
Shares of Celadon Group, Inc. (CGI) opened at 4.15 on Friday. The company has a 50 day moving average of $3.97 and a 200 day moving average of $4.84. The stock has a market cap of $114.74 million, a P/E ratio of 48.26 and a beta of 1.72. Celadon Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.75.
A number of brokerages recently weighed in on CGI. ValuEngine cut shares of Celadon Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Aegis restated a “buy” rating and set a $15.00 target price on shares of Celadon Group in a report on Tuesday, July 4th. Credit Suisse Group upgraded shares of Celadon Group to an “outperform” rating in a report on Friday, May 12th. Finally, Zacks Investment Research cut shares of Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average 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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