Anchor Investment Management LLC acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 13,391 shares of the company’s stock, valued at approximately $2,022,000.
A number of other large investors have also recently made changes to their positions in FDXF. CYBER HORNET ETFs LLC purchased a new position in FedEx Freight during the 2nd quarter valued at $44,000. United Community Bank bought a new position in FedEx Freight during the 2nd quarter worth about $46,000. Syntax Research Inc. bought a new position in shares of FedEx Freight during the second quarter valued at approximately $64,000. MCF Advisors LLC purchased a new stake in FedEx Freight during the second quarter worth $65,000. Finally, First Bancorp Inc ME purchased a new position in FedEx Freight in the second quarter valued at about $80,000.
Analyst Ratings Changes
FDXF has been the topic of several analyst reports. The Goldman Sachs Group began coverage on shares of FedEx Freight in a report on Wednesday, July 1st. They issued a “buy” rating and a $186.00 price target on the stock. Sanford C. Bernstein initiated coverage on FedEx Freight in a research report on Thursday, September 10th. They issued a “market perform” rating and a $133.00 price objective for the company. Wolfe Research initiated coverage on FedEx Freight in a research note on Thursday, June 4th. They set an “outperform” rating and a $180.00 target price on the stock. Weiss Ratings raised FedEx Freight from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 8th. Finally, Citigroup started coverage on FedEx Freight in a research note on Wednesday, July 15th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $172.67.
FedEx Freight Trading Down 1.9%
Shares of NYSE:FDXF traded down $2.43 on Tuesday, hitting $127.01. 1,523,824 shares of the company were exchanged, compared to its average volume of 1,605,887. FedEx Freight Hldg Co has a 1-year low of $122.43 and a 1-year high of $194.27. The stock has a 50 day moving average price of $140.51.
FedEx Freight (NYSE:FDXF – Get Free Report) last released its earnings results on Thursday, June 25th. The company reported $0.00 earnings per share (EPS) for the quarter. Equities analysts forecast that FedEx Freight Hldg Co will post 4.8 EPS for the current year.
About FedEx Freight
FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.
The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.
Further Reading
- Five stocks we like better than FedEx Freight
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Want to see what other hedge funds are holding FDXF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Freight Hldg Co (NYSE:FDXF – Free Report).
Receive News & Ratings for FedEx Freight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Freight and related companies with MarketBeat.com's FREE daily email newsletter.
