AQR Capital Management LLC Sells 15,213 Shares of Covenant Transportation Group, Inc. (NASDAQ:CVTI)

AQR Capital Management LLC lowered its holdings in Covenant Transportation Group, Inc. (NASDAQ:CVTI) by 37.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,617 shares of the transportation company’s stock after selling 15,213 shares during the period. AQR […]

AQR Capital Management LLC lowered its holdings in Covenant Transportation Group, Inc. (NASDAQ:CVTI) by 37.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,617 shares of the transportation company’s stock after selling 15,213 shares during the period. AQR Capital Management LLC owned approximately 0.15% of Covenant Transportation Group worth $370,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CVTI. Scopus Asset Management L.P. lifted its holdings in shares of Covenant Transportation Group by 1,209.1% during the 1st quarter. Scopus Asset Management L.P. now owns 261,810 shares of the transportation company’s stock worth $2,270,000 after acquiring an additional 241,810 shares during the period. FMR LLC lifted its holdings in shares of Covenant Transportation Group by 892.3% during the 2nd quarter. FMR LLC now owns 181,600 shares of the transportation company’s stock worth $2,620,000 after acquiring an additional 163,300 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Covenant Transportation Group by 70.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 163,974 shares of the transportation company’s stock worth $2,366,000 after acquiring an additional 67,970 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Covenant Transportation Group during the 1st quarter worth approximately $338,000. Finally, Foundry Partners LLC increased its position in Covenant Transportation Group by 10.3% during the 2nd quarter. Foundry Partners LLC now owns 367,110 shares of the transportation company’s stock worth $5,297,000 after purchasing an additional 34,400 shares in the last quarter. 53.62% of the stock is owned by institutional investors.

CVTI stock opened at $13.95 on Monday. The company has a 50 day simple moving average of $13.95 and a 200 day simple moving average of $11.85. The stock has a market cap of $238.36 million, a price-to-earnings ratio of 139.50 and a beta of 1.51. Covenant Transportation Group, Inc. has a 1 year low of $6.54 and a 1 year high of $18.62. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.68 and a quick ratio of 1.66.

About Covenant Transportation Group

Covenant Transportation Group, Inc, together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services.

Read More: Liquidity

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Institutional Ownership by Quarter for Covenant Transportation Group (NASDAQ:CVTI)

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