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Greeneville Today
By the People, for the People
Private Management Group Inc. Reduces Stake in Forward Air Corporation
Transportation company's stock ownership lowered by 10.5% in Q3 2026
Mar. 14, 2026 at 9:21am
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Private Management Group Inc. has reduced its stake in Forward Air Corporation (NASDAQ:FWRD) by 10.5% in the third quarter of 2026, according to a recent SEC filing. The fund now owns 936,487 shares of the transportation company's stock, down from 1,046,226 shares previously.
Why it matters
This move by a major institutional investor signals potential changes in sentiment around Forward Air Corporation's stock. As a leading provider of expedited ground transportation and logistics services, the company's performance is closely watched by the investment community.
The details
According to the filing, Private Management Group Inc. sold 109,739 shares of Forward Air during the third quarter. The fund now owns 3% of the company's outstanding shares, valued at $24,012,000 as of the most recent SEC reporting period.
- Private Management Group Inc. filed the 13F report disclosing the stake reduction on March 14, 2026.
The players
Private Management Group Inc.
An institutional investment management firm that previously owned a 3% stake in Forward Air Corporation.
Forward Air Corporation
A leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments.
The takeaway
The reduction in ownership by a major institutional investor like Private Management Group Inc. could signal a shift in market sentiment around Forward Air Corporation. Investors will likely be watching the company's performance and any further changes in institutional holdings closely in the coming quarters.
