Covenant Transportation Group, Inc. (NASDAQ:CVTI) CEO David Ray Parker sold 54,219 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $30.04, for a total value of $1,628,738.76. Following the completion of the sale, the chief executive officer now directly owns 110,580 shares of the company’s stock, valued at $3,321,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

David Ray Parker also recently made the following trade(s):

  • On Friday, November 3rd, David Ray Parker sold 60,919 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.04, for a total value of $1,830,006.76.
  • On Wednesday, October 25th, David Ray Parker sold 57,381 shares of Covenant Transportation Group stock. The stock was sold at an average price of $28.68, for a total value of $1,645,687.08.
  • On Friday, October 27th, David Ray Parker sold 250,000 shares of Covenant Transportation Group stock. The stock was sold at an average price of $28.77, for a total value of $7,192,500.00.

Covenant Transportation Group, Inc. (CVTI) opened at $29.17 on Friday. The firm has a market capitalization of $533.43, a price-to-earnings ratio of 42.28 and a beta of 1.69. Covenant Transportation Group, Inc. has a 52-week low of $15.86 and a 52-week high of $30.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.54.

Covenant Transportation Group (NASDAQ:CVTI) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The company had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $170.10 million. Covenant Transportation Group had a return on equity of 5.35% and a net margin of 1.82%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. analysts anticipate that Covenant Transportation Group, Inc. will post 0.86 EPS for the current year.

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A number of analysts have issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $25.50 target price on shares of Covenant Transportation Group in a research report on Tuesday, October 24th. Zacks Investment Research raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. TheStreet raised Covenant Transportation Group from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. BidaskClub raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine raised Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.63.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. grew its position in shares of Covenant Transportation Group by 7.2% in the first quarter. American International Group Inc. now owns 7,309 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 489 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Covenant Transportation Group in the third quarter valued at $217,000. First Trust Advisors LP purchased a new position in shares of Covenant Transportation Group in the third quarter valued at $277,000. Nationwide Fund Advisors grew its position in shares of Covenant Transportation Group by 11.9% in the first quarter. Nationwide Fund Advisors now owns 10,166 shares of the transportation company’s stock valued at $191,000 after purchasing an additional 1,080 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Covenant Transportation Group by 15.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,909 shares of the transportation company’s stock valued at $191,000 after purchasing an additional 1,472 shares in the last quarter. Institutional investors own 60.82% of the company’s stock.

Covenant Transportation Group Company Profile

Covenant Transportation Group, Inc is a provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. The Company’s segments include Truckload and Other.

Insider Buying and Selling by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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