Celadon Group, Inc. (NYSE:CGI) shares fell 11.1% on Monday . The stock traded as low as $5.65 and last traded at $6.00. 1,096,049 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 787,722 shares. The stock had previously closed at $6.75.

Several analysts have recently commented on the company. ValuEngine upgraded Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Aegis reiterated a “buy” rating and issued a $15.00 price target on shares of Celadon Group in a report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $21.65.

The company has a market capitalization of $170.04 million, a PE ratio of 71.51 and a beta of 1.76. The company has a 50 day moving average price of $5.45 and a 200 day moving average price of $4.16.

A number of hedge funds and other institutional investors have recently modified their holdings of CGI. Dimensional Fund Advisors LP boosted its stake in Celadon Group by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,256,834 shares of the transportation company’s stock worth $7,109,000 after acquiring an additional 12,500 shares in the last quarter. Boston Partners boosted its position in shares of Celadon Group by 27.6% in the 2nd quarter. Boston Partners now owns 1,765,250 shares of the transportation company’s stock worth $5,561,000 after purchasing an additional 382,100 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Celadon Group by 11.4% in the 1st quarter. Vanguard Group Inc. now owns 1,530,402 shares of the transportation company’s stock worth $10,024,000 after purchasing an additional 156,262 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Celadon Group by 16.8% in the 2nd quarter. Foundry Partners LLC now owns 897,360 shares of the transportation company’s stock worth $2,827,000 after purchasing an additional 128,750 shares in the last quarter. Finally, Penn Capital Management Co. Inc. boosted its position in shares of Celadon Group by 10.0% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 861,973 shares of the transportation company’s stock worth $2,715,000 after purchasing an additional 78,361 shares in the last quarter. 85.21% of the stock is owned by institutional investors.

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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.

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