Noteworthy Short Interest Filing: What Will Happen to Celadon Group Incorporated (NYSE:CGI) Next? The Stock Has Decline in Shorts

November 29, 2016 - By kentuckypostne   ·   0 Comments

Noteworthy Short Interest Filing: What Will Happen to Celadon Group Incorporated (NYSE:CGI) Next? The Stock Has Decline in Shorts

The stock of Celadon Group Incorporated (NYSE:CGI) registered a decrease of 3.36% in short interest. CGI’s total short interest was 4.47M shares in November as published by FINRA. Its down 3.36% from 4.62 million shares, reported previously. With 289,200 shares average volume, it will take short sellers 15 days to cover their CGI’s short positions. The short interest to Celadon Group Incorporated’s float is 19.83%. About 8,677 shares traded hands. Celadon Group, Inc. (NYSE:CGI) has declined 19.10% since April 26, 2016 and is downtrending. It has underperformed by 24.36% the S&P500.

Celadon Group, Inc. is a truckload freight transportation provider. The company has a market cap of $221.61 million. The Company’s divisions are asset-based, asset-light, and equipment leasing and services. It has a 21.49 P/E ratio. The Company’s services involve point-to-point shipping for its clients within the United States, between the United States and Mexico, and between the United States and Canada.

Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.58, from 0.98 in 2016Q1. The ratio increased, as 17 funds sold all Celadon Group, Inc. shares owned while 36 reduced positions. 9 funds bought stakes while 43 increased positions. They now own 25.38 million shares or 1.80% less from 25.85 million shares in 2016Q1.
Moreover, Alexandria Cap Limited Liability Corp has 0.01% invested in Celadon Group, Inc. (NYSE:CGI) for 7,492 shares. Moreover, State Bank Of Montreal Can has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 1,018 shares. Monarch Ptnrs Asset Mgmt Ltd Liability Corp has invested 0.02% of its portfolio in Celadon Group, Inc. (NYSE:CGI). The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Celadon Group, Inc. (NYSE:CGI). Deutsche Bancorp Ag has 75,569 shares for 0% of their US portfolio. Susquehanna International Ltd Liability Partnership has 0% invested in the company for 19,637 shares. Markston Ltd Liability Company accumulated 1,500 shares or 0% of the stock. Springbok Capital Management Limited Liability Corp last reported 67,814 shares in the company. Rhumbline Advisers has 0% invested in the company for 35,908 shares. Blackrock Institutional Na holds 719,797 shares or 0% of its portfolio. Blackrock Incorporated reported 6,230 shares or 0% of all its holdings. The New York-based Citigroup Incorporated has invested 0% in Celadon Group, Inc. (NYSE:CGI). Lpl Fin Ltd Liability owns 56,555 shares or 0% of their US portfolio. Moreover, Credit Suisse Ag has 0% invested in Celadon Group, Inc. (NYSE:CGI) for 51,980 shares. Vanguard Grp Inc Inc holds 0% or 1.21 million shares in its portfolio.

Celadon Group, Inc. (NYSE:CGI) Ratings Coverage

Out of 6 analysts covering Celadon Group (NYSE:CGI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Celadon Group has been the topic of 13 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co with “Outperform” on Friday, October 30. Cowen & Co maintained Celadon Group, Inc. (NYSE:CGI) rating on Friday, July 31. Cowen & Co has “Outperform” rating and $30 price target. The stock has “Hold” rating given by Stifel Nicolaus on Friday, June 24. As per Friday, April 29, the company rating was maintained by Cowen & Co. The firm has “Overweight” rating given on Tuesday, January 12 by KeyBanc Capital Markets. The company was downgraded on Friday, November 4 by Avondale. The stock of Celadon Group, Inc. (NYSE:CGI) has “Market Outperform” rating given on Wednesday, August 31 by Avondale.

CGI Company Profile

Celadon Group, Inc. (Celadon), incorporated on July 24, 1986, is a truckload freight transportation provider. The Company’s divisions are asset-based, asset-light, and equipment leasing and services. The Company’s services involve point-to-point shipping for its clients within the United States, between the United States and Mexico, and between the United States and Canada. The Company’s primary asset services include the United States domestic dry van, refrigerated and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; contract service; regional and specialized short haul service, and rail intermodal service.

More important recent Celadon Group, Inc. (NYSE:CGI) news were published by: Prnewswire.com which released: “Celadon Group Inc. Mourns Passing of Founder Steve Russell” on April 15, 2016, also Ibj.com published article titled: “PROXY CORNER: Celadon Group Inc.”, Prnewswire.com published: “Hyndman Opens New Terminal in Ayr, Ontario” on November 17, 2016. More interesting news about Celadon Group, Inc. (NYSE:CGI) was released by: Schaeffersresearch.com and their article: “Analyst Update: Celadon Group, Inc., Freeport-McMoRan Inc, and L Brands Inc” with publication date: November 17, 2016.

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