Should You Avoid Celadon Group, Inc. (CGI)?

Page 1 of 2

Celadon Group, Inc. (NYSE:CGI) was in 10 hedge funds’ portfolio at the end of the fourth quarter of 2012. CGI investors should pay attention to a decrease in support from the world’s most elite money managers in recent months. There were 12 hedge funds in our database with CGI holdings at the end of the previous quarter.

Celadon Group, Inc. (NYSE:CGI)

At the moment, there are plenty of metrics market participants can use to monitor stocks. A duo of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can outpace the broader indices by a significant amount (see just how much).

Just as important, optimistic insider trading sentiment is another way to parse down the marketplace. There are a variety of motivations for an insider to cut shares of his or her company, but only one, very obvious reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this tactic if you understand what to do (learn more here).

Now, let’s take a look at the recent action regarding Celadon Group, Inc. (NYSE:CGI).

Hedge fund activity in Celadon Group, Inc. (NYSE:CGI)

In preparation for this year, a total of 10 of the hedge funds we track were bullish in this stock, a change of -17% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were boosting their holdings significantly.

When looking at the hedgies we track, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Celadon Group, Inc. (NYSE:CGI). Royce & Associates has a $17.9 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Scopus Asset Management, managed by Alexander Mitchell, which held a $5.4 million position; 0.2% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include Richard Driehaus’s Driehaus Capital, Ken Griffin’s Citadel Investment Group and Israel Englander’s Millennium Management.

Since Celadon Group, Inc. (NYSE:CGI) has experienced falling interest from hedge fund managers, it’s safe to say that there exists a select few hedgies that slashed their full holdings last quarter. It’s worth mentioning that Ken Grossman and Glen Schneider’s SG Capital Management sold off the biggest position of the “upper crust” of funds we watch, worth close to $5.2 million in stock., and Jim Simons of Renaissance Technologies was right behind this move, as the fund sold off about $1.3 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 2 funds last quarter.

What do corporate executives and insiders think about Celadon Group, Inc. (NYSE:CGI)?

Insider purchases made by high-level executives is particularly usable when the company in question has seen transactions within the past six months. Over the last 180-day time period, Celadon Group, Inc. (NYSE:CGI) has experienced 1 unique insiders buying, and 6 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Celadon Group, Inc. (NYSE:CGI). These stocks are Arkansas Best Corporation (NASDAQ:ABFS), Universal Truckload Services, Inc. (NASDAQ:UACL), Saia Inc (NASDAQ:SAIA), Echo Global Logistics, Inc. (NASDAQ:ECHO), and Marten Transport, Ltd (NASDAQ:MRTN). This group of stocks are in the trucking industry and their market caps resemble CGI’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!