Kennedy Capital Management Inc. Trims Position in Celadon Group, Inc. (CGI)
Kennedy Capital Management Inc. lowered its position in shares of Celadon Group, Inc. (NYSE:CGI) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 472,557 shares of the transportation company’s stock after selling 12,711 shares during the period. Kennedy Capital Management Inc.’s holdings in Celadon Group were worth $3,024,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CGI. Monashee Investment Management LLC bought a new stake in Celadon Group during the 4th quarter worth $139,000. Acadian Asset Management LLC bought a new stake in Celadon Group during the 4th quarter worth $139,000. Trexquant Investment LP bought a new stake in Celadon Group during the 3rd quarter worth $163,000. Wells Fargo & Company MN grew its position in shares of Celadon Group by 164.6% in the 4th quarter. Wells Fargo & Company MN now owns 26,806 shares of the transportation company’s stock valued at $171,000 after buying an additional 16,676 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Celadon Group in the 3rd quarter valued at about $254,000. Institutional investors and hedge funds own 86.12% of the company’s stock.
Shares of Celadon Group, Inc. (NYSE CGI) opened at $4.60 on Wednesday. Celadon Group, Inc. has a 52-week low of $1.30 and a 52-week high of $8.52. The company has a market capitalization of $127.35, a PE ratio of 22.50 and a beta of 1.87.
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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