Ancora Advisors LLC Invests $8.28 Million in FedEx Freight Hldg Co $FDXF

Key Points

• Ancora Advisors acquired 54,829 shares of FedEx Freight, valued at approximately $8.28 million, during the second quarter. Several other institutional investors also initiated positions, including Diamond Hill Capital Management with a stake valued at about $19.7 million.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $177.90. Published targets range from $160 to $200.
• FDXF opened at $129.23, near its 12-month low of $128.71 and below its 50-day moving average of $148.37. The company reported quarterly EPS of $0.00, while analysts expect full-year EPS of $5.48.

Ancora Advisors LLC acquired a new stake in shares of FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 54,829 shares of the company's stock, valued at approximately $8,279,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDXF. Sumitomo Life Insurance Co. bought a new stake in shares of FedEx Freight during the 2nd quarter valued at about $194,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of FedEx Freight in the second quarter worth about $984,000. Kiltearn Partners LLP purchased a new position in shares of FedEx Freight during the 2nd quarter valued at about $1,727,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of FedEx Freight during the 2nd quarter valued at about $19,666,000.

Analysts Set New Price Targets

FDXF has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of FedEx Freight in a report on Wednesday, July 1st. They set a "buy" rating and a $186.00 price target on the stock. Citigroup initiated coverage on shares of FedEx Freight in a research report on Wednesday, July 15th. They set an "outperform" rating on the stock. Stephens assumed coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They set an "overweight" rating and a $180.00 price objective on the stock. Stifel Nicolaus started coverage on shares of FedEx Freight in a report on Thursday, June 4th. They issued a "hold" rating and a $160.00 target price for the company. Finally, Jefferies Financial Group began coverage on shares of FedEx Freight in a report on Tuesday, June 23rd. They issued a "buy" rating and a $200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $177.90.

FedEx Freight Stock Performance

NYSE FDXF opened at $129.23 on Wednesday. FedEx Freight Hldg Co has a 12 month low of $128.71 and a 12 month high of $194.27. The business has a 50 day simple moving average of $148.37.

FedEx Freight (NYSE:FDXF - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. As a group, equities analysts forecast that FedEx Freight Hldg Co will post 5.48 earnings per share for the current year.

About FedEx Freight

FedEx Freight is the less-than-truckload (LTL) freight transportation arm of FedEx, providing time-definite, regional, and interregional shipping services for commercial customers in North America. The company specializes in moving palletized freight that is too large for parcel shipment but does not require a full truckload, and it offers services designed to help businesses manage supply chain and distribution needs.

As part of the FedEx family of companies, FedEx Freight operates an extensive network of service centers and transportation routes across the United States, Canada, and Mexico.

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