Learn Why Towle & Co Purchased Celadon Group Inc Stake?

February 14, 2018 - By Hazel Jackson

 Learn Why Towle & Co Purchased Celadon Group Inc Stake?

Investors sentiment increased to 0.57 in 2017 Q3. Its up 0.03, from 0.54 in 2017Q2. It improved, as 17 investors sold Celadon Group, Inc. shares while 32 reduced holdings. 15 funds opened positions while 13 raised stakes. 22.85 million shares or 0.19% more from 22.81 million shares in 2017Q2 were reported.

Susquehanna Intll Grp Ltd Liability Partnership stated it has 21,227 shares or 0% of all its holdings. Meeder Asset Mngmt holds 0% of its portfolio in Celadon Group, Inc. (NYSE:CGI) for 191 shares. Arrowstreet Capital L P holds 0% or 71,085 shares. Franklin Res owns 332,700 shares. Lpl Ltd Limited Liability Company invested in 16,963 shares. Royal Bancorp Of Canada reported 56,618 shares. Millennium Management Llc has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 205,291 shares. Brandes Investment Prns L P reported 13,000 shares. Scopus Asset Mngmt L P holds 0.09% or 1.32M shares in its portfolio. The Illinois-based Group Inc One Trading Ltd Partnership has invested 0% in Celadon Group, Inc. (NYSE:CGI). State Of New Jersey Common Pension Fund D has 10,000 shares. Carroll Associate Inc holds 0% or 680 shares in its portfolio. Vanguard Gp has invested 0% in Celadon Group, Inc. (NYSE:CGI). California Employees Retirement Sys accumulated 258,009 shares. 178,748 were accumulated by Geode Management Lc.

The New Towle & Co Holding in Celadon Group Inc

Towle & Co reported SC 13G form with the SEC for Celadon Group Inc. Access it here: 000114036118007189. As reported by Towle & Co, the filler owns 9.09% or 2,513,900 shares of the -company.

Celadon Group Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Towle & Co’s positive view for Celadon Group Inc. For a institutional investor managing $544.94 million in assets and having 8+ experts this is interesting position.

Celadon Group Inc Institutional Sentiment

Filings show 132 investors own Celadon Group Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 9530860. 33703627 were owned by these investors. 11 funds opened new Celadon Group Inc stakes, 62 increased positions. There were 20 that closed positions and 44 reduced them.

Prospector Partners Llc is an investor bullish on Celadon Group Inc, owning 177100 shares as of Q3 2015 for 0.41% of its portfolio. Redmond Asset Management Llc owns 57648 shares or 0.49% of its portfolio. TX Ranger Investment Management Lp have 0.95% of its portfolio for 1053501 shares. Further, 1492 Capital Management Llc reported stake worth 0.42% of its portfolio. The NY Newland Capital Management Llc owns 436800 shares. Celadon Group Inc is 6.36% of its portfolio.

Business Profile

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. The Company’s primary asset-based services include the United States domestic dry van and refrigerated; 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. The Company’s primary asset-light services include freight brokerage, warehousing, less-than truckload consolidation and supply chain logistics services.

SEC Form 13G.

Towle & Co website.

The stock increased 2.11% or $0.1 during the last trading session, reaching $4.85. About 562,120 shares traded or 33.77% up from the average. Celadon Group, Inc. (NYSE:CGI) has declined 74.33% since February 14, 2017 and is downtrending. It has underperformed by 91.03% the S&P500.

Celadon Group, Inc., through its subsidiaries, provides transportation services between the United States, Canada, and Mexico. The company has market cap of $134.44 million. It operates through three divisions: Asset-Based, Asset-Light, and Equipment Leasing and Services. It has a 56.4 P/E ratio. The Asset-Based segment offers dry van, refrigerated, and flatbed services; cross-border services between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada services; contract services; regional and specialized short haul services; and rail intermodal services.

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 has $30 highest and $10 lowest target. $17’s average target is 250.52% above currents $4.85 stock price. Celadon Group had 19 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, April 29 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of Celadon Group, Inc. (NYSE:CGI) earned “Hold” rating by Stifel Nicolaus on Friday, February 10. As per Friday, June 24, the company rating was downgraded by Stifel Nicolaus. On Tuesday, January 12 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) on Friday, October 30 with “Outperform” rating. The company was downgraded on Friday, November 4 by Avondale. On Friday, December 16 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock has “Buy” rating by Aegis Capital on Friday, April 7. The stock of Celadon Group, Inc. (NYSE:CGI) earned “Outperform” rating by Cowen & Co on Friday, July 31. The firm earned “Outperform” rating on Monday, May 15 by Credit Suisse.

More notable recent Celadon Group, Inc. (NYSE:CGI) news were published by: Prnewswire.com which released: “Celadon Group Announces Amendment to Revolving Credit Facility” on December 26, 2017, also Seekingalpha.com with their article: “Celadon Group – A Changing Narrative” published on July 19, 2017, Seekingalpha.com published: “Celadon Group: Still A Zero” on December 21, 2017. More interesting news about Celadon Group, Inc. (NYSE:CGI) were released by: Seekingalpha.com and their article: “Closing Danger Zone Pick: Celadon Group” published on August 31, 2017 as well as Seekingalpha.com‘s news article titled: “Celadon Group: The Final Countdown” with publication date: October 10, 2017.

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