Celadon Group, Inc. (NYSE:CGI) shares shot up 8.9% during mid-day trading on Friday . The company traded as high as $6.35 and last traded at $6.10. 560,232 shares traded hands during trading, an increase of 16% from the average session volume of 482,354 shares. The stock had previously closed at $5.60.

A number of brokerages have recently issued reports on CGI. ValuEngine upgraded Celadon Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Aegis reiterated a “buy” rating and set a $15.00 target price on shares of Celadon Group in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Celadon Group presently has a consensus rating of “Buy” and an average price target of $25.50.

The stock’s 50-day moving average price is $5.82 and its 200 day moving average price is $4.07. The firm has a market cap of $168.66 million, a PE ratio of 70.93 and a beta of 1.76.

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial For Lutherans grew its holdings in Celadon Group by 4.7% during the first quarter. Thrivent Financial For Lutherans now owns 15,910 shares of the transportation company’s stock worth $104,000 after acquiring an additional 720 shares during the period. Marshall Wace North America L.P. acquired a new position in Celadon Group during the second quarter worth $121,000. Comerica Bank grew its holdings in Celadon Group by 5.9% during the first quarter. Comerica Bank now owns 31,020 shares of the transportation company’s stock worth $126,000 after acquiring an additional 1,732 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Celadon Group by 25.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 20,920 shares of the transportation company’s stock worth $137,000 after acquiring an additional 4,212 shares during the period. Finally, State of Tennessee Treasury Department grew its holdings 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 valued at $167,000 after purchasing an additional 3,859 shares during the last quarter. 85.28% of the stock is currently owned by hedge funds and other institutional investors.

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Celadon Group Company 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.

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