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QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)

Covenant Logistics Group, Inc. (NASDAQ:CVLG) Short Interest Update

Saturday, January 15, 2022 | MarketBeat

Covenant Logistics Group, Inc. (NASDAQ:CVLG) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 119,500 shares, a decrease of 51.5% from the December 15th total of 246,600 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 201,100 shares, the short-interest ratio is presently 0.6 days.

A number of equities research analysts have recently commented on CVLG shares. Zacks Investment Research cut shares of Covenant Logistics Group from a "buy" rating to a "hold" rating in a report on Monday, January 3rd. Wolfe Research cut shares of Covenant Logistics Group from a "peer perform" rating to an "underperform" rating and set a $23.00 price target for the company. in a report on Thursday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.33.

A number of institutional investors and hedge funds have recently modified their holdings of CVLG. BlackRock Inc. grew its position in Covenant Logistics Group by 3.1% during the second quarter. BlackRock Inc. now owns 1,459,869 shares of the company's stock worth $30,190,000 after buying an additional 44,162 shares during the period. Truvestments Capital LLC acquired a new stake in Covenant Logistics Group during the second quarter worth approximately $29,000. Lazard Asset Management LLC acquired a new stake in Covenant Logistics Group during the second quarter worth approximately $100,000. FMR LLC boosted its position in Covenant Logistics Group by 6.1% during the second quarter. FMR LLC now owns 71,274 shares of the company's stock worth $1,474,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Covenant Logistics Group by 4.0% during the second quarter. Vanguard Group Inc. now owns 610,590 shares of the company's stock worth $12,627,000 after acquiring an additional 23,435 shares during the last quarter. Institutional investors own 51.27% of the company's stock.

Shares of CVLG opened at $23.16 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average is $25.61 and its two-hundred day moving average is $24.72. Covenant Logistics Group has a twelve month low of $14.09 and a twelve month high of $34.75. The firm has a market capitalization of $387.24 million, a P/E ratio of 22.49 and a beta of 1.53.

Covenant Logistics Group (NASDAQ:CVLG) last issued its earnings results on Tuesday, October 19th. The company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Covenant Logistics Group had a net margin of 1.77% and a return on equity of 17.41%. The company had revenue of $274.56 million for the quarter, compared to analyst estimates of $258.60 million. During the same period in the prior year, the business posted $0.56 earnings per share. Analysts predict that Covenant Logistics Group will post 3.56 EPS for the current year.

Covenant Logistics Group Company Profile

Covenant Logistics Group, Inc is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (""Expedited"") and Over-the-Road Services (""OTR""), both of which transport one-way freight over non-routine routes.

Read More: What is the S&P 500 Index?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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