Celadon Group (CGI) Stock Price Were Volatile While Luminus Management Lifted Its Position; Truepoint Decreased First Horizon Natl (FHN) Holding by $554.68 Million; Market Valuation Declined

August 12, 2018 - By Billy Entrekin

Celadon Group, Inc. (NYSE:CGI) Logo

Truepoint Inc decreased its stake in First Horizon Natl Corp (FHN) by 98.11% based on its latest 2018Q1 regulatory filing with the SEC. Truepoint Inc sold 10,459 shares as the company’s stock declined 3.76% with the market. The institutional investor held 201 shares of the major banks company at the end of 2018Q1, valued at $10.66 million, down from 10,660 at the end of the previous reported quarter. Truepoint Inc who had been investing in First Horizon Natl Corp for a number of months, seems to be less bullish one the $5.93B market cap company. The stock decreased 0.55% or $0.1 during the last trading session, reaching $18.23. About 1.97M shares traded. First Horizon National Corporation (NYSE:FHN) has risen 10.51% since August 12, 2017 and is uptrending. It has underperformed by 2.06% the S&P500. Some Historical FHN News: 13/04/2018 – FIRST HORIZON NATIONAL CORP – QTRLY NET INTEREST INCOME $301.2 MLN VS $189.7 MLN LAST YEAR; 14/03/2018 – First Horizon Closes Below 50-Day Moving Average: Technicals; 30/04/2018 – Fidelity Selector Mid Cap Adds First Horizon; 12/04/2018 – First Horizon Closes Above 200-Day Moving Average: Technicals; 24/04/2018 – FIRST HORIZON NATIONAL CORP FHN.N SETS QUARTERLY CASH DIVIDEND OF $0.12/SHR; 13/04/2018 – First Horizon 1Q Net Interest Income $301.2M; 28/03/2018 – Adrienne Sipe joins First Horizon National Corp; 05/04/2018 – FIRST HORIZON NATIONAL CORP FHN.N : WELLS FARGO RAISES TO OUTPERFORM FROM MARKET PERFORM; 13/04/2018 – FIRST HORIZON 1Q NET INTEREST MARGIN 3.43%, EST. 3.33%; 09/05/2018 – First Horizon National Corp. to participate in 2018 Barclays Americas Select Franchise Conference on May 15

Luminus Management Llc increased its stake in Celadon Group Inc (CGI) by 70.17% based on its latest 2018Q1 regulatory filing with the SEC. Luminus Management Llc bought 835,663 shares as the company’s stock 0.00% . The hedge fund held 2.03M shares of the transportation company at the end of 2018Q1, valued at $7.50 million, up from 1.19M at the end of the previous reported quarter. Luminus Management Llc who had been investing in Celadon Group Inc for a number of months, seems to be bullish on the $ market cap company. It closed at $3.45 lastly. It is up 0.00% since August 12, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical CGI News: 02/04/2018 – CELADON GROUP – HAS CONCLUDED A WRITE DOWN OF CARRYING VALUES OF REVENUE EQUIPMENT HELD FOR SALE OF ABOUT $20 MLN IS APPROPRIATE AT JUNE 30, 2016; 02/04/2018 – CELADON GROUP INC – BASED ON INTERNAL INVESTIGATION, CO PERFORMED ADDITIONAL PROCEDURES TO DETERMINE FAIR VALUE OF EQUIPMENT BOTH PURCHASED AND SOLD; 02/04/2018 Celadon Group to Restate Prior Financial Statements; Announces Credit Agreement Amendment and Operations Update; 02/04/2018 – CELADON GROUP – CO’S INTERNAL INVESTIGATION HAS REVEALED TRANSACTIONS INVOLVING REVENUE EQUIPMENT HELD FOR SALE BY QUALITY COMPANIES SUBSIDIARY; 03/04/2018 – $CGI NYSE to Suspend Trading in Celadon Group, Inc. and Commence Delisting Proceedings; 03/04/2018 – ELEMENT FLEET MANAGEMENT SAYS CELADON’S DISCLOSURE DOES NOT ALTER CO’S CONCLUSIONS OR YEAR-END DISCLOSURE; 02/04/2018 – CELADON GROUP INC – CARRYING VALUES OF EQUIPMENT WILL BE RESTATED TO REFLECT MANAGEMENT’S DETERMINATION OF FAIR VALUES AT RELEVANT PERIODS; 02/04/2018 – Celadon: New Management Executing Strategic Plan to Divest Noncore Assets, Deploy Trucks to More Profitable Routes; 02/04/2018 – Celadon: Existing Credit Facility Amended Through April 30 Pending Evaluation by Existing Revolving Lenders and Company of Refinancing Offer; 02/04/2018 – CELADON GROUP INC – NEW MANAGEMENT EXECUTING STRATEGIC PLAN TO DIVEST NON-CORE ASSETS, DEPLOY TRUCKS TO MORE PROFITABLE ROUTES

Since March 6, 2018, it had 1 insider purchase, and 3 selling transactions for $4.46 million activity. 160,000 shares were sold by Kisber Michael E, worth $3.20M. Another trade for 22,389 shares valued at $443,003 was made by Daniel John M on Wednesday, March 14.

Investors sentiment decreased to 1.44 in Q1 2018. Its down 1.22, from 2.66 in 2017Q4. It turned negative, as 29 investors sold FHN shares while 73 reduced holdings. 45 funds opened positions while 102 raised stakes. 265.51 million shares or 1.06% more from 262.71 million shares in 2017Q4 were reported. Earnest Lc has 0% invested in First Horizon National Corporation (NYSE:FHN). Utah Retirement holds 0.02% or 54,147 shares. Amalgamated Savings Bank reported 58,645 shares. Alliancebernstein Limited Partnership accumulated 0% or 175,158 shares. Northwestern Mutual Wealth stated it has 1,867 shares or 0% of all its holdings. Aldebaran Fincl holds 94,087 shares. Federated Pa stated it has 0.04% of its portfolio in First Horizon National Corporation (NYSE:FHN). Morgan Stanley holds 0.01% or 1.06M shares in its portfolio. Asset Management Inc reported 0.01% stake. The California-based Fuller Thaler Asset Management has invested 2.71% in First Horizon National Corporation (NYSE:FHN). Quantitative Systematic Strategies Lc holds 0.23% of its portfolio in First Horizon National Corporation (NYSE:FHN) for 58,539 shares. Credit Suisse Ag reported 0% of its portfolio in First Horizon National Corporation (NYSE:FHN). Mason Street Ltd Liability Corp holds 164,156 shares. Ghp Invest Advsrs holds 0.18% or 66,234 shares. Hanson Mcclain accumulated 0% or 257 shares.

Analysts await First Horizon National Corporation (NYSE:FHN) to report earnings on October, 12. They expect $0.36 EPS, up 12.50% or $0.04 from last year’s $0.32 per share. FHN’s profit will be $117.00M for 12.66 P/E if the $0.36 EPS becomes a reality. After $0.36 actual EPS reported by First Horizon National Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 20 analysts covering First Horizon National Corporation (NYSE:FHN), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. First Horizon National Corporation had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, November 28. The firm earned “Outperform” rating on Wednesday, July 18 by Raymond James. The stock has “Buy” rating by Jefferies on Monday, November 28. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, August 1. JMP Securities initiated the shares of FHN in report on Thursday, February 2 with “Mkt Perform” rating. The stock of First Horizon National Corporation (NYSE:FHN) has “Overweight” rating given on Wednesday, July 18 by Barclays Capital. The company was maintained on Thursday, July 20 by Stephens. Vining Sparks maintained the stock with “Outperform” rating in Wednesday, April 19 report. The stock of First Horizon National Corporation (NYSE:FHN) earned “Buy” rating by Wood on Tuesday, April 11. The stock of First Horizon National Corporation (NYSE:FHN) has “Sector Perform” rating given on Monday, October 19 by RBC Capital Markets.

Another recent and important First Horizon National Corporation (NYSE:FHN) news was published by Globenewswire.com which published an article titled: “First Horizon declares quarterly dividends” on July 24, 2018.

Luminus Management Llc, which manages about $3.51B and $4.82B US Long portfolio, decreased its stake in Imperial Oil Ltd (NYSEMKT:IMO) by 100,000 shares to 100,000 shares, valued at $2.65 million in 2018Q1, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 194,184 shares in the quarter, leaving it with 5,816 shares, and cut its stake in C H Robinson Worldwide Inc (NASDAQ:CHRW).

Among 8 analysts covering Celadon Group (NYSE:CGI), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Celadon Group had 19 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, July 31 by Cowen & Co. The firm has “Outperform” rating given on Monday, May 15 by Credit Suisse. As per Wednesday, August 31, the company rating was upgraded by Avondale. On Friday, October 30 the stock rating was maintained by Cowen & Co with “Outperform”. The firm earned “Hold” rating on Friday, June 24 by Stifel Nicolaus. KeyBanc Capital Markets maintained Celadon Group, Inc. (NYSE:CGI) on Tuesday, January 12 with “Overweight” rating. The stock of Celadon Group, Inc. (NYSE:CGI) earned “Buy” rating by Aegis Capital on Friday, April 7. The company was downgraded on Friday, November 4 by Avondale. Stifel Nicolaus upgraded Celadon Group, Inc. (NYSE:CGI) on Friday, February 10 to “Hold” rating. Stifel Nicolaus downgraded the shares of CGI in report on Friday, December 16 to “Hold” rating.

Investors sentiment decreased to 0.49 in 2018 Q1. Its down 0.73, from 1.22 in 2017Q4. It fall, as 16 investors sold CGI shares while 27 reduced holdings. 5 funds opened positions while 16 raised stakes. 20.05 million shares or 13.31% less from 23.13 million shares in 2017Q4 were reported. Meeder Asset Mgmt Inc owns 694 shares or 0% of their US portfolio. 143,400 are held by Pdt Ltd. M&T Natl Bank owns 37,500 shares for 0% of their portfolio. Parametric Assoc Ltd invested 0% in Celadon Group, Inc. (NYSE:CGI). Millennium Mgmt Ltd Liability Corporation reported 89,372 shares stake. Jacobs Levy Equity Mgmt invested 0% in Celadon Group, Inc. (NYSE:CGI). Vanguard Gru Inc stated it has 1.16M shares. Royal Bank & Trust Of Canada reported 50,680 shares. Pub Employees Retirement Association Of Colorado has 12,896 shares. Penn Cap Management Inc invested 0.16% in Celadon Group, Inc. (NYSE:CGI). Moreover, Tudor Et Al has 0% invested in Celadon Group, Inc. (NYSE:CGI). Guggenheim Capital Limited Liability Corp invested 0.01% in Celadon Group, Inc. (NYSE:CGI). Invesco Ltd owns 271,504 shares or 0% of their US portfolio. Weiss Multi has invested 0.11% in Celadon Group, Inc. (NYSE:CGI). State Street Corporation holds 0% in Celadon Group, Inc. (NYSE:CGI) or 28,450 shares.

First Horizon National Corporation (NYSE:FHN) Institutional Positions Chart

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