Rk Capital Management Decreased Its Covenant Transn Group (CVTI) Position; Expeditors International Of Washington (EXPD) Sentiment Is 1.06

December 6, 2017 - By Clifton Ray

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $11.43 billion. The firm offers airfreight services, including air freight consolidation and forwarding; ocean freight and ocean services comprising ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, and other logistics solutions. It has a 27.85 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

Rk Capital Management Llc decreased Covenant Transn Group Inc (CVTI) stake by 36.99% reported in 2017Q2 SEC filing. Rk Capital Management Llc sold 128,325 shares as Covenant Transn Group Inc (CVTI)’s stock declined 15.27%. The Rk Capital Management Llc holds 218,573 shares with $3.83 million value, down from 346,898 last quarter. Covenant Transn Group Inc now has $546.15 million valuation. The stock increased 0.20% or $0.06 during the last trading session, reaching $29.86. About 162,495 shares traded or 12.14% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 12.60% since December 6, 2016 and is downtrending. It has underperformed by 29.30% the S&P500.

Among 4 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Covenant Transportation Group had 16 analyst reports since October 19, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, October 21 by Cowen & Co. The firm has “Buy” rating given on Thursday, October 20 by Stifel Nicolaus. Stifel Nicolaus initiated Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, March 23 with “Buy” rating. On Monday, October 16 the stock rating was downgraded by Cowen & Co to “Market Perform”. The rating was maintained by Cowen & Co on Wednesday, January 27 with “Outperform”. Stifel Nicolaus maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Friday, October 20 with “Hold” rating. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Friday, October 14. Cowen & Co has “Outperform” rating and $24 target. Cowen & Co maintained it with “Outperform” rating and $34 target in Wednesday, December 16 report. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Hold” rating by Stifel Nicolaus on Thursday, September 28. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Monday, August 28. Cowen & Co has “Buy” rating and $24.0 target.

Investors sentiment increased to 1.32 in 2017 Q2. Its up 0.23, from 1.09 in 2017Q1. It increased, as 9 investors sold CVTI shares while 22 reduced holdings. 13 funds opened positions while 28 raised stakes. 10.40 million shares or 0.29% less from 10.43 million shares in 2017Q1 were reported. Strs Ohio owns 15,600 shares. Sei has invested 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Foundry Prtnrs Ltd Limited Liability Company reported 256,185 shares stake. Citigroup invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Horrell Capital holds 27,941 shares. Morgan Stanley holds 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 10,682 shares. Victory Capital Management has 71,802 shares for 0% of their portfolio. Croft accumulated 24,000 shares. State Bank Of Mellon Corporation owns 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 61,740 shares. Wells Fargo Communication Mn invested 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). 7,368 were reported by Gp. Hodges Capital, a Texas-based fund reported 132,145 shares. Royal Comml Bank Of Canada owns 1,133 shares for 0% of their portfolio. Portolan Cap Mngmt Limited Liability Com, a Massachusetts-based fund reported 173,862 shares. Comerica Bancorp stated it has 46,685 shares or 0.01% of all its holdings.

Rk Capital Management Llc increased James Riv Group Ltd (NASDAQ:JRVR) stake by 43,800 shares to 256,041 valued at $10.17M in 2017Q2. It also upped Mantech Intl Corp (NASDAQ:MANT) stake by 18,500 shares and now owns 224,039 shares. Bmc Stk Hldgs Inc was raised too.

Analysts await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report earnings on January, 24. They expect $0.48 EPS, up 45.45% or $0.15 from last year’s $0.33 per share. CVTI’s profit will be $8.78M for 15.55 P/E if the $0.48 EPS becomes a reality. After $0.25 actual EPS reported by Covenant Transportation Group, Inc. for the previous quarter, Wall Street now forecasts 92.00% EPS growth.

The stock decreased 0.71% or $0.46 during the last trading session, reaching $64.34. About 689,502 shares traded. Expeditors International of Washington, Inc. (EXPD) has risen 10.45% since December 6, 2016 and is uptrending. It has underperformed by 6.25% the S&P500.

Mcdonald Capital Investors Inc Ca holds 9.25% of its portfolio in Expeditors International of Washington, Inc. for 1.88 million shares. Tensile Capital Management Llc owns 656,015 shares or 7.48% of their US portfolio. Moreover, St. James Investment Company Llc has 5.62% invested in the company for 804,582 shares. The -based Marshfield Associates has invested 5.04% in the stock. America First Investment Advisors Llc, a Nebraska-based fund reported 216,009 shares.

Analysts await Expeditors International of Washington, Inc. (NASDAQ:EXPD) to report earnings on February, 20. They expect $0.63 EPS, up 3.28% or $0.02 from last year’s $0.61 per share. EXPD’s profit will be $111.95 million for 25.53 P/E if the $0.63 EPS becomes a reality. After $0.66 actual EPS reported by Expeditors International of Washington, Inc. for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

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By1 Clifton Ray




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