State Board of Administration of Florida Retirement System increased its stake in shares of Celadon Group, Inc. (NYSE:CGI) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,489 shares of the transportation company’s stock after buying an additional 3,771 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of Celadon Group worth $193,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Celadon Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,902,398 shares of the transportation company’s stock worth $13,602,000 after buying an additional 53,408 shares during the period. Russell Investments Group Ltd. boosted its stake in Celadon Group by 4.7% in the first quarter. Russell Investments Group Ltd. now owns 890,949 shares of the transportation company’s stock worth $5,834,000 after buying an additional 39,797 shares during the period. Foundry Partners LLC boosted its stake in Celadon Group by 12.5% in the first quarter. Foundry Partners LLC now owns 768,610 shares of the transportation company’s stock worth $5,034,000 after buying an additional 85,275 shares during the period. State Street Corp boosted its stake in Celadon Group by 9.8% in the fourth quarter. State Street Corp now owns 644,181 shares of the transportation company’s stock worth $4,607,000 after buying an additional 57,734 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Celadon Group by 133.1% in the fourth quarter. Guggenheim Capital LLC now owns 500,894 shares of the transportation company’s stock worth $3,581,000 after buying an additional 285,967 shares during the period.

Shares of Celadon Group, Inc. (NYSE:CGI) traded up 6.45% on Friday, hitting $4.95. The company had a trading volume of 684,991 shares. Celadon Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.75. The company has a 50 day moving average price of $3.34 and a 200 day moving average price of $5.12. The firm has a market capitalization of $136.86 million, a price-to-earnings ratio of 57.56 and a beta of 1.72.

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CGI has been the topic of a number of research analyst reports. Zacks Investment Research cut Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. ValuEngine cut Celadon Group from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Credit Suisse Group upgraded Celadon Group to an “outperform” rating in a research report on Friday, May 12th. Finally, Aegis reiterated a “buy” rating and set a $15.00 price objective on shares of Celadon Group in a research report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.65.

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.

Institutional Ownership by Quarter for Celadon Group (NYSE:CGI)

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