Institutional Investors Negative on on Covenant Transportation Group Inc Falls

June 14, 2018 - By Hannah Black

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Logo

Sentiment for Covenant Transportation Group Inc (NASDAQ:CVTI)

Covenant Transportation Group Inc (NASDAQ:CVTI) institutional sentiment decreased to 1.2 in 2018 Q1. Its down -0.61, from 1.81 in 2017Q4. The ratio has dropped, as 60 active investment managers increased and opened new positions, while 50 sold and decreased stakes in Covenant Transportation Group Inc. The active investment managers in our partner’s database now possess: 10.57 million shares, down from 10.60 million shares in 2017Q4. Also, the number of active investment managers holding Covenant Transportation Group Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 34 Increased: 33 New Position: 27.

Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. The company has market cap of $597.59 million. It offers long haul, dedicated, temperature-controlled, and regional solo-driver services; long haul, regional, dedicated, and intermodal temperature-controlled services; and regional solo-driver and dedicated services. It has a 10.79 P/E ratio. The firm also provides ancillary services, including freight brokerage services and accounts receivable factoring.

The stock decreased 2.42% or $0.81 during the last trading session, reaching $32.6. About 149,423 shares traded. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has risen 72.70% since June 14, 2017 and is uptrending. It has outperformed by 60.13% the S&P500.

Analysts await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report earnings on July, 24. They expect $0.36 earnings per share, up 350.00 % or $0.28 from last year’s $0.08 per share. CVTI’s profit will be $6.60 million for 22.64 P/E if the $0.36 EPS becomes a reality. After $0.24 actual earnings per share reported by Covenant Transportation Group, Inc. for the previous quarter, Wall Street now forecasts 50.00 % EPS growth.

Ack Asset Management Llc holds 2.66% of its portfolio in Covenant Transportation Group, Inc. for 354,500 shares. Portolan Capital Management Llc owns 404,100 shares or 1.32% of their US portfolio. Moreover, Livingston Group Asset Management Co (Operating As Southport Capital Management) has 1.3% invested in the company for 97,690 shares. The Wisconsin-based 1492 Capital Management Llc has invested 1% in the stock. Next Century Growth Investors Llc, a Minnesota-based fund reported 191,224 shares.

Since January 1, 0001, it had 0 insider buys, and 7 selling transactions for $6.41 million activity.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Ratings Coverage

Ratings analysis reveals 100% of Covenant Transportation’s analysts are positive. Out of 2 Wall Street analysts rating Covenant Transportation, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $34 while the high is $36. The stock’s average target of $36 is 10.43% above today’s ($32.6) share price. CVTI was included in 4 notes of analysts from March 15, 2018. The rating was maintained by Stifel Nicolaus on Friday, April 6 with “Hold”. The firm has “Buy” rating given on Thursday, April 26 by Stifel Nicolaus. The rating was upgraded by Seaport Global to “Buy” on Thursday, March 15. Stifel Nicolaus maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, June 6 with “Buy” rating.

More recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: which released: “Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek …” on May 21, 2018. Also published the news titled: “5 Value Stocks With Enticing EV/EBITDA Ratios to Own Now” on June 12, 2018.‘s news article titled: “US Xpress prices IPO at $16/share” with publication date: June 13, 2018 was also an interesting one.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Institutional Positions Chart

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