David Ray Parker Sells 25,773 Shares of Covenant Transportation Group, Inc. (CVTI) Stock

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Chairman David Ray Parker sold 25,773 shares of Covenant Transportation Group stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $30.02, for a total value of $773,705.46. Following the completion of the transaction, the chairman now owns 108,430 shares in the company, valued at $3,255,068.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

David Ray Parker also recently made the following trade(s):

  • On Wednesday, December 6th, David Ray Parker sold 10,000 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.02, for a total value of $300,200.00.
  • On Thursday, November 30th, David Ray Parker sold 29,255 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.01, for a total value of $877,942.55.
  • On Monday, December 4th, David Ray Parker sold 30,455 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.01, for a total value of $913,954.55.
  • On Wednesday, November 22nd, David Ray Parker sold 3,814 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.00, for a total value of $114,420.00.
  • On Friday, November 24th, David Ray Parker sold 10,783 shares of Covenant Transportation Group stock. The stock was sold at an average price of $30.02, for a total value of $323,705.66.

Shares of Covenant Transportation Group, Inc. (NASDAQ CVTI) traded down $0.20 during trading on Monday, hitting $29.20. The stock had a trading volume of 245,910 shares, compared to its average volume of 127,741. The firm has a market capitalization of $534.08, a PE ratio of 9.67 and a beta of 1.56. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.77. Covenant Transportation Group, Inc. has a 1-year low of $15.86 and a 1-year high of $30.60.

Covenant Transportation Group (NASDAQ:CVTI) last issued its earnings results on Monday, January 29th. The transportation company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). The business had revenue of $203.31 million during the quarter, compared to analyst estimates of $202.40 million. Covenant Transportation Group had a return on equity of 6.63% and a net margin of 7.94%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. research analysts anticipate that Covenant Transportation Group, Inc. will post 1.58 earnings per share for the current fiscal year.

Several analysts have recently commented on CVTI shares. Zacks Investment Research raised Covenant Transportation Group from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Monday, October 16th. BidaskClub cut Covenant Transportation Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 20th. Cowen reaffirmed a “market perform” rating and issued a $30.00 target price (up previously from $25.50) on shares of Covenant Transportation Group in a research report on Tuesday, January 30th. ValuEngine cut Covenant Transportation Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, TheStreet raised Covenant Transportation Group from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $29.67.

Several institutional investors have recently modified their holdings of the company. Alambic Investment Management L.P. acquired a new stake in shares of Covenant Transportation Group in the fourth quarter worth $367,000. Victory Capital Management Inc. boosted its position in Covenant Transportation Group by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 73,107 shares of the transportation company’s stock valued at $2,100,000 after purchasing an additional 5,386 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in Covenant Transportation Group during the fourth quarter valued at $1,906,000. Fisher Asset Management LLC boosted its position in Covenant Transportation Group by 16.5% during the fourth quarter. Fisher Asset Management LLC now owns 142,465 shares of the transportation company’s stock valued at $4,093,000 after purchasing an additional 20,223 shares during the last quarter. Finally, First Quadrant L P CA acquired a new stake in Covenant Transportation Group during the fourth quarter valued at $207,000. 64.03% of the stock is owned by institutional investors and hedge funds.

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About Covenant Transportation Group

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.

Insider Buying and Selling by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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