Russell Investments Group Ltd. reduced its position in shares of Celadon Group, Inc. (NYSE:CGI) by 16.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 742,443 shares of the transportation company’s stock after selling 148,506 shares during the period. Russell Investments Group Ltd. owned about 2.69% of Celadon Group worth $2,339,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans boosted its position in Celadon Group by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after buying an additional 720 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in Celadon Group during the first quarter worth about $130,000. Metropolitan Life Insurance Co. NY boosted its position in Celadon Group by 25.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock worth $137,000 after buying an additional 4,212 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Celadon Group by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 25,571 shares of the transportation company’s stock worth $167,000 after buying an additional 3,859 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Celadon Group during the first quarter worth about $174,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Celadon Group, Inc. (NYSE CGI) traded up 7.00% during trading on Friday, hitting $5.35. 731,444 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.58. Celadon Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.75. The company has a market cap of $147.92 million, a price-to-earnings ratio of 62.21 and a beta of 1.67.

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A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Celadon Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Aegis restated a “buy” rating and issued a $15.00 price objective on shares of Celadon Group in a research report on Tuesday, July 4th. Finally, Credit Suisse Group upgraded shares of Celadon Group to an “outperform” rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.88.

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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