Towle & Co. Acquires Shares of 2,205,576 Celadon Group, Inc. (CGI)

Towle & Co. purchased a new position in Celadon Group, Inc. (NYSE:CGI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,205,576 shares of the transportation company’s stock, valued at approximately $14,888,000. Celadon Group accounts for about 1.6% of Towle & Co.’s investment portfolio, making the stock its 26th largest position. Towle & Co. owned about 7.79% of Celadon Group at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CGI. Boston Partners increased its stake in shares of Celadon Group by 27.6% during the second quarter. Boston Partners now owns 1,765,250 shares of the transportation company’s stock valued at $5,561,000 after buying an additional 382,100 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Celadon Group by 18.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,244,334 shares of the transportation company’s stock valued at $14,700,000 after buying an additional 341,936 shares during the period. Phoenix Investment Adviser LLC boosted its position in shares of Celadon Group by 538.2% during the second quarter. Phoenix Investment Adviser LLC now owns 255,276 shares of the transportation company’s stock valued at $804,000 after purchasing an additional 215,276 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Celadon Group during the second quarter valued at approximately $558,000. Finally, Royce & Associates LP boosted its holdings in Celadon Group by 33.0% in the second quarter. Royce & Associates LP now owns 670,634 shares of the transportation company’s stock worth $2,112,000 after acquiring an additional 166,400 shares in the last quarter. 82.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of Celadon Group, Inc. (NYSE CGI) traded up $0.20 on Friday, reaching $7.45. The company’s stock had a trading volume of 206,800 shares, compared to its average volume of 369,992. The stock has a market capitalization of $210.83, a PE ratio of 37.25 and a beta of 1.86. Celadon Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.75.

Separately, ValuEngine downgraded Celadon Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price 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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