Learn Why Towle & Co Purchased Celadon Group Inc Stake?

February 14, 2018 - By Richard Conner

 Learn Why Towle & Co Purchased Celadon Group Inc Stake?

Investors sentiment increased to 0.57 in Q3 2017. 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 Llp invested in 0% or 21,227 shares. Element Capital Management Ltd Liability Company stated it has 15,083 shares. Prelude Cap Mngmt Lc reported 6,206 shares. D E Shaw owns 0% invested in Celadon Group, Inc. (NYSE:CGI) for 49,080 shares. Nationwide Fund Advsrs stated it has 6,488 shares or 0% of all its holdings. Fmr Ltd holds 0% in Celadon Group, Inc. (NYSE:CGI) or 830,600 shares. Deutsche Savings Bank Ag holds 83 shares. Connecticut-based Ellington Mngmt Group Ltd Com has invested 0.07% in Celadon Group, Inc. (NYSE:CGI). 10,725 were accumulated by Cambridge Advsrs. Dimensional Fund Ltd Partnership reported 1.81M shares or 0.01% of all its holdings. Menta Capital Ltd has invested 0.08% in Celadon Group, Inc. (NYSE:CGI). 59,757 are held by Redmond Asset Mngmt Ltd Liability. Bnp Paribas Arbitrage Sa invested 0% in Celadon Group, Inc. (NYSE:CGI). 13,000 were reported by Brandes Prtnrs Ltd Partnership. Gru One Trading L P holds 1,393 shares or 0% of its portfolio.

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. The rating was upgraded by Stifel Nicolaus to “Hold” on Friday, February 10. The firm earned “Outperform” rating on Friday, October 30 by Cowen & Co. As per Friday, April 7, the company rating was maintained by Aegis Capital. As per Wednesday, August 31, the company rating was upgraded by Avondale. The stock of Celadon Group, Inc. (NYSE:CGI) has “Overweight” rating given on Tuesday, January 12 by KeyBanc Capital Markets. On Friday, June 24 the stock rating was downgraded by Stifel Nicolaus to “Hold”. As per Friday, December 16, the company rating was downgraded by Stifel Nicolaus. The company was downgraded on Friday, November 4 by Avondale. The company was maintained on Monday, May 15 by Credit Suisse. The company was maintained on Friday, July 31 by Cowen & Co.

More notable recent Celadon Group, Inc. (NYSE:CGI) news were published by: Prnewswire.com which released: “Celadon Group Announces Appointment of Vincent Donargo as Vice President and …” on November 30, 2017, also Seekingalpha.com with their article: “Celadon Group: The Final Countdown” published on October 10, 2017, Prnewswire.com published: “Celadon Group Announces Amendment to Revolving Credit Facility” on December 26, 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: Still A Zero” with publication date: December 21, 2017.

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