Frontier Capital Management Co. LLC raised its stake in shares of Celadon Group, Inc. (NYSE:CGI) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,481,936 shares of the company’s stock after buying an additional 657,293 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.09% of Celadon Group worth $17,746,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in CGI. Russell Investments Group Ltd. acquired a new stake in shares of Celadon Group during the fourth quarter valued at about $6,044,000. Scopus Asset Management L.P. purchased a new position in Celadon Group during the third quarter valued at $3,916,000. Penn Capital Management Co. Inc. raised its position in Celadon Group by 60.0% in the third quarter. Penn Capital Management Co. Inc. now owns 1,091,942 shares of the company’s stock valued at $9,544,000 after buying an additional 409,535 shares during the last quarter. Citadel Advisors LLC purchased a new position in Celadon Group during the third quarter valued at $2,459,000. Finally, Boston Partners raised its position in shares of Celadon Group by 58.7% in the third quarter. Boston Partners now owns 636,246 shares of the company’s stock valued at $5,561,000 after buying an additional 235,236 shares in the last quarter. 98.92% of the stock is owned by institutional investors.
Shares of Celadon Group, Inc. (NYSE:CGI) traded up 4.518% during mid-day trading on Monday, reaching $8.675. 423,527 shares of the company were exchanged. The firm has a market capitalization of $239.76 million, a price-to-earnings ratio of 47.665 and a beta of 1.40. Celadon Group, Inc. has a 12 month low of $4.85 and a 12 month high of $12.03. The company’s 50-day moving average is $8.24 and its 200 day moving average is $7.85.
Celadon Group (NYSE:CGI) last issued its earnings results on Wednesday, February 1st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. The firm earned $265.70 million during the quarter, compared to analysts’ expectations of $260.21 million. Celadon Group had a return on equity of 1.41% and a net margin of 0.50%. Celadon Group’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. Analysts predict that Celadon Group, Inc. will post $0.40 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Friday, April 7th will be given a $0.02 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $0.08 annualized dividend and a yield of 0.96%. Celadon Group’s dividend payout ratio (DPR) is currently 40.00%.
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Several brokerages have recently commented on CGI. Seaport Global Securities upgraded shares of Celadon Group from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, January 12th. Zacks Investment Research raised shares of Celadon Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 4th. Stifel Nicolaus downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. Societe Generale reissued a “hold” rating on shares of Celadon Group in a research report on Friday, November 11th. Finally, Avondale Partners downgraded shares of Celadon Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.19.
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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