Covenant Transportation Group Inc (NASDAQ:CVTI) Institutional Investor Sentiment Is 0.89

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 0.89 in 2019 Q1. Its down -0.58, from 1.47 in 2018Q4. The ratio has dropped, as 50 funds started new and increased equity positions, while 56 reduced and sold their holdings in Covenant Transportation Group Inc. The funds in our partner’s database now own: 10.72 million shares, up from 10.22 million shares in 2018Q4. Also, the number of funds holding Covenant Transportation Group Inc in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 18 Reduced: 38 Increased: 31 New Position: 19.

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 $250.18 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 5.93 P/E ratio. The firm also provides ancillary services, including freight brokerage services and accounts receivable factoring.

The stock increased 0.96% or $0.13 during the last trading session, reaching $13.62. About 491,812 shares traded or 308.94% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 43.38% since July 14, 2018 and is downtrending. It has underperformed by 47.81% the S&P500.

Analysts await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report earnings on July, 24. They expect $0.49 earnings per share, down 9.26 % or $0.05 from last year’s $0.54 per share. CVTI’s profit will be $9.00 million for 6.95 P/E if the $0.49 EPS becomes a reality. After $0.27 actual earnings per share reported by Covenant Transportation Group, Inc. for the previous quarter, Wall Street now forecasts 81.48 % EPS growth.

Zpr Investment Management holds 2.18% of its portfolio in Covenant Transportation Group, Inc. for 58,320 shares. Livingston Group Asset Management Co (Operating As Southport Capital Management) owns 97,690 shares or 0.82% of their US portfolio. Moreover, Portolan Capital Management Llc has 0.67% invested in the company for 344,134 shares. The Massachusetts-based Capital Impact Advisors Llc has invested 0.57% in the stock. Delphi Management Inc Ma, a Massachusetts-based fund reported 24,354 shares.

Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $75,000 activity.

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

Ratings analysis reveals 50% of Covenant Transportation Group’s analysts are positive. Out of 2 Wall Street analysts rating Covenant Transportation Group, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $23 while the high is $25. The stock’s average target of $24 is 76.21% above today’s ($13.62) share price. CVTI was included in 5 notes of analysts from March 6, 2019. On Tuesday, March 19 the stock rating was maintained by Cowen & Co with “Hold”. Stephens maintained the stock with “Buy” rating in Tuesday, March 19 report.

More notable recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Globenewswire.com which released: “Covenant Transportation Group, Inc. Announces Participation in Stifel 2019 Transportation & Logistics Conference – GlobeNewswire” on February 06, 2019, also Benzinga.com with their article: “Trucking Stock Prices Have Plummeted; Upcoming Earnings Will Show Whether That Was Justified – Benzinga” published on January 14, 2019, Seekingalpha.com published: “6 Small Cap Value Stocks With EPS Growth – Industrials, Energy And Materials – Seeking Alpha” on June 21, 2019. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Benzinga.com and their article: “Covenant Reports Strong Revenue Growth, But Number Of Team Drivers Falls Again – Benzinga” published on July 27, 2018 as well as Benzinga.com‘s news article titled: “Covenant Earnings Edge Past The Company’s March Guidance – Benzinga” with publication date: April 25, 2019.

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

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