Ancora Advisors LLC Purchases Shares of 54,829 FedEx Freight Hldg Co $FDXF

Key Points

• Ancora Advisors initiated a position in FedEx Freight, purchasing 54,829 shares valued at approximately $8.3 million during the second quarter. Several other institutional investors also established new stakes.
• FDXF shares opened at $127.62, down 4.6%, near their 52-week low of $126.53 and well below the 52-week high of $194.27. The company reported quarterly EPS of $0.00, while analysts expect full-year EPS of $5.48.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $177.90. Recent targets range from $160 to $186, including “buy,” “outperform,” and “overweight” ratings.

Ancora Advisors LLC bought a new position 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 SEC. The fund bought 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 the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FedEx Freight in the second quarter valued at approximately $19,666,000. Pacific Heights Asset Management LLC purchased a new position in shares of FedEx Freight in the 2nd quarter valued at $6,418,000. Public Employees Retirement System of Ohio purchased a new position in shares of FedEx Freight in the 2nd quarter valued at $5,884,000. Kiltearn Partners LLP acquired a new stake in FedEx Freight during the 2nd quarter worth $1,727,000. Finally, Wellington Management Group LLP acquired a new stake in FedEx Freight during the 2nd quarter worth $1,220,000.

FedEx Freight Stock Down 4.6%

FDXF stock opened at $127.62 on Wednesday. FedEx Freight Hldg Co has a one year low of $126.53 and a one year high of $194.27. The stock has a fifty day moving average price of $145.22.

FedEx Freight (NYSE:FDXF - Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. As a group, research analysts expect that FedEx Freight Hldg Co will post 5.48 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore started coverage on FedEx Freight in a research report on Thursday, June 4th. They issued an "outperform" rating and a $168.00 target price for the company. The Goldman Sachs Group began coverage on FedEx Freight in a research note on Wednesday, July 1st. They issued a "buy" rating and a $186.00 price objective for the company. Stifel Nicolaus started coverage on FedEx Freight in a report on Thursday, June 4th. They issued a "hold" rating and a $160.00 price objective for the company. Wall Street Zen raised shares of FedEx Freight to a "hold" rating in a report on Saturday, June 6th. Finally, Stephens began coverage on shares of FedEx Freight in a research report on Wednesday, July 8th. They issued an "overweight" rating and a $180.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.90.

FedEx Freight Company Profile

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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