Celadon Group, Inc. (NYSE:CGI) was the target of unusually large options trading activity on Thursday. Stock investors purchased 1,792 call options on the company. This represents an increase of 2,355% compared to the average volume of 73 call options.
Celadon Group (NYSE CGI) opened at $7.25 on Friday. Celadon Group has a one year low of $1.30 and a one year high of $9.75. The stock has a market cap of $217.90, a PE ratio of 38.50 and a beta of 1.87.
Separately, ValuEngine upgraded shares of Celadon Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.00.
Several institutional investors have recently modified their holdings of the company. First Heartland Consultants Inc. acquired a new position in shares of Celadon Group during the third quarter worth about $783,000. California Public Employees Retirement System increased its stake in shares of Celadon Group by 24.0% during the third quarter. California Public Employees Retirement System now owns 258,009 shares of the transportation company’s stock worth $1,742,000 after acquiring an additional 50,009 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Celadon Group during the third quarter worth about $254,000. Litespeed Management L.L.C. grew its position in Celadon Group by 0.9% during the third quarter. Litespeed Management L.L.C. now owns 2,819,479 shares of the transportation company’s stock worth $19,031,000 after buying an additional 25,000 shares during the period. Finally, Royce & Associates LP grew its position in Celadon Group by 1.5% during the third quarter. Royce & Associates LP now owns 680,634 shares of the transportation company’s stock worth $4,594,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 85.29% of the company’s stock.
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Celadon Group Company 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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