Celadon Group (CGI) Trading Down 6.3%

Celadon Group, Inc. (NYSE:CGI)’s share price was down 6.3% on Thursday . The stock traded as low as $3.70 and last traded at $3.75. Approximately 725,037 shares were traded during trading, an increase of 62% from the average daily volume of 446,732 shares. The stock had previously closed at $4.00.

The company has a market cap of $104.71, a price-to-earnings ratio of 41.11 and a beta of 1.64.

A number of large investors have recently bought and sold shares of CGI. Alliancebernstein L.P. purchased a new position in Celadon Group during the 2nd quarter valued at about $227,000. California Public Employees Retirement System grew its holdings in shares of Celadon Group by 193.8% during the second quarter. California Public Employees Retirement System now owns 208,000 shares of the transportation company’s stock worth $655,000 after buying an additional 137,200 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Celadon Group by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,256,834 shares of the transportation company’s stock worth $7,109,000 after buying an additional 12,500 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Celadon Group by 145.0% during the second quarter. Cubist Systematic Strategies LLC now owns 75,284 shares of the transportation company’s stock worth $237,000 after buying an additional 44,551 shares in the last quarter. Finally, Callahan Advisors LLC purchased a new stake in shares of Celadon Group during the third quarter worth about $145,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

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About Celadon Group

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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