Russell Investments Group Ltd. lessened its position in shares of Celadon Group, Inc. (NYSE:CGI) by 21.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585,187 shares of the transportation company’s stock after selling 157,256 shares during the period. Russell Investments Group Ltd. owned approximately 2.07% of Celadon Group worth $3,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CGI. Marshall Wace North America L.P. purchased a new stake in shares of Celadon Group in the second quarter worth about $121,000. Metropolitan Life Insurance Co. NY boosted its position in shares of 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 period. Callahan Advisors LLC acquired a new position in shares of Celadon Group in the third quarter worth about $145,000. LMR Partners LLP acquired a new position in shares of Celadon Group in the second quarter worth about $216,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Celadon Group in the second quarter worth about $227,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

Celadon Group, Inc. (CGI) opened at $6.05 on Friday. Celadon Group, Inc. has a one year low of $1.30 and a one year high of $9.61. The company has a market capitalization of $175.45, a PE ratio of 31.00 and a beta of 1.87.

Separately, ValuEngine upgraded Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.00.

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

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