After Today’s Significant Increase, Is Celadon Group, Inc. (CGI)’s Near-Term Analysis Positive?

September 17, 2017 - By Dolores Ford

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.48, from 1.56 in 2016Q3. It turned negative, as 18 investors sold Celadon Group, Inc. shares while 31 reduced holdings. 13 funds opened positions while 40 raised stakes. 27.79 million shares or 0.62% more from 27.62 million shares in 2016Q3 were reported.
Ameriprise reported 0% stake. 34,061 were accumulated by Kcg Hldgs Inc. Blackrock Fund Advsrs holds 0% or 2.36M shares. 15,000 are owned by State Of New Jersey Common Pension Fund D. Citigroup owns 45,175 shares. Bnp Paribas Arbitrage Sa invested in 0% or 4,543 shares. Moreover, Thrivent For Lutherans has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 15,190 shares. State Of Alaska Department Of Revenue owns 2,990 shares for 0% of their portfolio. Vanguard owns 1.37M shares for 0% of their portfolio. American Interest Grp Inc holds 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI) for 20,126 shares. California State Teachers Retirement Systems holds 0% or 56,066 shares in its portfolio. California Employees Retirement Sys has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 56,000 shares. 918 are held by Ls Invest Ltd Llc. Tower Ltd Llc (Trc) has 0% invested in Celadon Group, Inc. (NYSE:CGI). Gsa Capital Prtn Llp reported 97,681 shares.

The stock of Celadon Group, Inc. (NYSE:CGI) is a huge mover today! The stock increased 4.31% or $0.25 on September 15, reaching $6.05. About 742,127 shares traded or 79.77% up from the average. Celadon Group, Inc. (NYSE:CGI) has declined 74.33% since September 17, 2016 and is downtrending. It has underperformed by 91.03% the S&P500.
The move comes after 7 months positive chart setup for the $171.21 million company. It was reported on Sep, 17 by Barchart.com. We have $6.53 PT which if reached, will make NYSE:CGI worth $13.70 million more.

Celadon Group, Inc. (NYSE:CGI) Ratings Coverage

Among 8 analysts covering Celadon Group (NYSE:CGI), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Celadon Group had 19 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, February 10 by Stifel Nicolaus. The company was downgraded on Friday, June 24 by Stifel Nicolaus. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) on Friday, July 31 with “Outperform” rating. On Wednesday, August 31 the stock rating was upgraded by Avondale to “Market Outperform”. The firm has “Mkt Perform” rating by Avondale given on Friday, November 4. The firm has “Overweight” rating given on Tuesday, January 12 by KeyBanc Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Friday, December 16. The stock of Celadon Group, Inc. (NYSE:CGI) earned “Outperform” rating by Credit Suisse on Monday, May 15. The company was maintained on Friday, April 7 by Aegis Capital. As per Friday, April 29, the company rating was maintained by Cowen & Co.

Celadon Group, Inc. is a truckload freight transportation provider. The company has market cap of $171.21 million. The Company’s divisions are asset-based, asset-light, and equipment leasing and services. It has a 71.16 P/E ratio. The Company’s services involve point-to-point shipping for its clients within the United States, between the United States and Mexico, and between the United States and Canada.

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