Price Action To Observe: Celadon Group, Inc. Can’t Be More Risky. Trades Sigfnicicantly Lower

Price Action To Observe: Celadon Group, Inc. Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of Celadon Group, Inc. (NYSE:CGI) is a huge mover today! About 1.25 million shares traded hands or 238.31% up from the average. Celadon Group, Inc. (NYSE:CGI) has declined 10.37% since March 9, 2016 and is downtrending. It has underperformed by 17.79% the S&P500.
The move comes after 9 months negative chart setup for the $229.19 million company. It was reported on Oct, 12 by We have $7.04 PT which if reached, will make NYSE:CGI worth $27.50M less.

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

Out of 6 analysts covering Celadon Group (NYSE:CGI), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Celadon Group has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the shares of CGI in a report on Friday, April 29 with “Outperform” rating. The rating was maintained by Cowen & Co with “Outperform” on Friday, October 30. Stifel Nicolaus downgraded Celadon Group, Inc. (NYSE:CGI) on Friday, June 24 to “Hold” rating. Cowen & Co maintained the shares of CGI in a report on Friday, July 31 with “Outperform” rating. KeyBanc Capital Markets maintained Celadon Group, Inc. (NYSE:CGI) rating on Tuesday, January 12. KeyBanc Capital Markets has “Overweight” rating and $15 price target. The company was upgraded on Wednesday, August 31 by Avondale.

According to Zacks Investment Research, “Celadon Group, Inc. provides trucking services for DaimlerChrysler Corporation to and from its Mexican assembly plants.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.53, from 1.51 in 2016Q1. The ratio fall, as 17 funds sold all Celadon Group, Inc. shares owned while 36 reduced positions. 9 funds bought stakes while 43 increased positions. They now own 25.38 million shares or 1.80% less from 25.85 million shares in 2016Q1.
Moreover, Raymond James & Associates has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 47,811 shares. State Of Tennessee Treasury Department holds 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI) for 21,712 shares. The Massachusetts-based State Street Corporation has invested 0% in Celadon Group, Inc. (NYSE:CGI). Moreover, Princeton Alpha Management L P has 0.02% invested in Celadon Group, Inc. (NYSE:CGI) for 12,188 shares. Bridgeway Mgmt Inc accumulated 88,900 shares or 0.01% of the stock. The Connecticut-based Verition Fund Management has invested 0.03% in Celadon Group, Inc. (NYSE:CGI). Dimensional Fund Advisors Lp owns 1.79M shares or 0.01% of their US portfolio. Capstone Asset Mngmt accumulated 28,400 shares or 0.01% of the stock. Blackrock Inc holds 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI) for 6,230 shares. Pinebridge Investments L P reported 3,274 shares or 0% of all its holdings. The New Jersey-based Prudential Financial has invested 0% in Celadon Group, Inc. (NYSE:CGI). Jacobs Levy Equity Management holds 0% or 25,175 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 417 shares or 0% of its portfolio. Peak6 Lp owns 13,299 shares or 0% of their US portfolio. The Massachusetts-based Frontier Mngmt Co Ltd Co has invested 0.12% in Celadon Group, Inc. (NYSE:CGI).

More notable recent Celadon Group, Inc. (NYSE:CGI) news were published by: which released: “Celadon Group Inc. Mourns Passing of Founder Steve Russell” on April 15, 2016, also with their article: “Celadon Group, Inc. Announces Sale of Tractor Portfolio, Joint Venture to Grow …” published on October 02, 2015, published: “Celadon Group, Inc. Announces Acquisition Of Truckload Van Assets From Tango …” on October 01, 2015. More interesting news about Celadon Group, Inc. (NYSE:CGI) were released by: and their article: “Celadon Appoints Ken Buck To Board Of Directors” published on February 09, 2016 as well as‘s news article titled: “Celadon Group Reports March Quarter Results And Declares Dividend” with publication date: April 28, 2015.

CGI Company Profile

Celadon Group, Inc. (Celadon), incorporated on July 24, 1986, is a truckload freight transportation provider. The Company’s divisions are asset-based, asset-light, and equipment leasing and services. 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. The Company’s primary asset services include the United States domestic dry van, refrigerated and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; contract service; regional and specialized short haul service, and rail intermodal service.

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