Covenant Transportation Group, Inc. (NASDAQ:CVTI) President Joey B. Hogan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $25.03, for a total transaction of $125,150.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Covenant Transportation Group, Inc. (CVTI) traded up 0.35% during mid-day trading on Friday, reaching $25.83. 70,967 shares of the company traded hands. The firm’s 50-day moving average is $20.59 and its 200 day moving average is $18.79. The stock has a market capitalization of $472.35 million, a PE ratio of 46.21 and a beta of 1.61. Covenant Transportation Group, Inc. has a 52-week low of $14.26 and a 52-week high of $26.26.

Covenant Transportation Group (NASDAQ:CVTI) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $164.30 million during the quarter, compared to the consensus estimate of $158.40 million. Covenant Transportation Group had a net margin of 1.60% and a return on equity of 4.65%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, equities research analysts expect that Covenant Transportation Group, Inc. will post $0.71 earnings per share for the current year.

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Several analysts recently commented on CVTI shares. BidaskClub upgraded shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of Covenant Transportation Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Stephens upgraded shares of Covenant Transportation Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $20.00 to $25.00 in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Covenant Transportation Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Cowen and Company reiterated a “buy” rating and issued a $24.00 price target on shares of Covenant Transportation Group in a research report on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.00.

Institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. boosted its holdings in 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 worth $137,000 after purchasing an additional 489 shares during the period. Nationwide Fund Advisors boosted its holdings in Covenant Transportation Group by 11.9% in the first quarter. Nationwide Fund Advisors now owns 10,166 shares of the transportation company’s stock worth $191,000 after purchasing an additional 1,080 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in 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 worth $191,000 after purchasing an additional 1,472 shares during the period. Rhumbline Advisers boosted its holdings in Covenant Transportation Group by 5.9% in the second quarter. Rhumbline Advisers now owns 13,745 shares of the transportation company’s stock worth $241,000 after purchasing an additional 760 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in Covenant Transportation Group by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 19,263 shares of the transportation company’s stock worth $373,000 after purchasing an additional 1,268 shares during the period. 62.13% of the stock is owned by hedge funds and other institutional investors.

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.

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