Roosevelt Investment Group Inc Lowers stake in Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : Roosevelt Investment Group Inc reduced its stake in Old Dominion Freight Line by 10.87% during the most recent quarter end. The investment management company now holds a total of 282,817 shares of Old Dominion Freight Line which is valued at $23,943,287 after selling 34,504 shares in Old Dominion Freight Line , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Old Dominion Freight Line makes up approximately 1.92% of Roosevelt Investment Group Inc’s portfolio.

Other Hedge Funds, Including , London Co Of Virginia reduced its stake in ODFL by selling 12,895 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 1,516,421 shares of ODFL which is valued at $128,380,202. Old Dominion Freight Line makes up approx 0.94% of London Co Of Virginia’s portfolio.Tower Research Capital (trc) boosted its stake in ODFL in the latest quarter, The investment management firm added 1,779 additional shares and now holds a total of 2,575 shares of Old Dominion Freight Line which is valued at $192,481. Old Dominion Freight Line makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.Td Asset Management Inc boosted its stake in ODFL in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 69,000 shares of Old Dominion Freight Line which is valued at $5,069,430. Old Dominion Freight Line makes up approx 0.01% of Td Asset Management Inc’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in ODFL in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 161,275 shares of Old Dominion Freight Line which is valued at $11,848,874. Old Dominion Freight Line makes up approx 0.10% of Public Employees Retirement Association Of Colorado’s portfolio.

Old Dominion Freight Line closed down -0.6 points or -0.69% at $86.21 with 7,13,459 shares getting traded on Monday. Post opening the session at $86.99, the shares hit an intraday low of $85.55 and an intraday high of $87.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Old Dominion Freight Line reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.97. The company had revenue of $782.61 million for the quarter, compared to analysts expectations of $773.76 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on Old Dominion Freight Line. Old Dominion Freight Line was Downgraded by BofA/Merrill to ” Underperform” on Oct 28, 2016.

Old Dominion Freight Line Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional inter-regional and national LTL service and logistics services. In addition to its LTL services it offers a range of services including international freight forwarding ground and air expedited transportation container delivery truckload brokerage supply chain consulting warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States as well as inter-regional and national service between these regions. As of December 31 2014 it operated through 222 service center locations of which it owned 176 and leased 46. As of December 31 2014 it owned 6907 tractors. As of December 31 2014 it owned 27259 trailers.

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