Sei Investments Co. reduced its stake in CST Brands, Inc. (NYSE:CST) by 19.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 41,139 shares of the specialty retailer’s stock after selling 9,634 shares during the period. Sei Investments Co. owned 0.05% of CST Brands worth $1,978,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of CST Brands by 36.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,759 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 737 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new position in shares of CST Brands during the fourth quarter valued at about $243,000. First Republic Investment Management Inc. boosted its position in shares of CST Brands by 31.0% in the fourth quarter. First Republic Investment Management Inc. now owns 5,491 shares of the specialty retailer’s stock valued at $264,000 after buying an additional 1,300 shares during the last quarter. World Asset Management Inc boosted its position in shares of CST Brands by 0.7% in the first quarter. World Asset Management Inc now owns 5,629 shares of the specialty retailer’s stock valued at $271,000 after buying an additional 37 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of CST Brands during the fourth quarter valued at about $279,000. 85.74% of the stock is currently owned by institutional investors and hedge funds.
CST Brands, Inc. (NYSE CST) opened at 48.49 on Friday. The stock has a market capitalization of $3.68 billion, a PE ratio of 12.02 and a beta of 1.04. The stock’s 50 day moving average price is $48.36 and its 200-day moving average price is $48.27. CST Brands, Inc. has a 52-week low of $40.43 and a 52-week high of $48.52.
CST Brands (NYSE:CST) last issued its quarterly earnings results on Monday, May 8th. The specialty retailer reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.09. CST Brands had a return on equity of 5.70% and a net margin of 3.17%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts expect that CST Brands, Inc. will post $1.60 EPS for the current fiscal year.
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Separately, Jefferies Group LLC set a $49.00 target price on CST Brands and gave the stock a “hold” rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.88.
CST Brands Company Profile
CST Brands, Inc (CST) is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its segments include U.S. Retail, Canadian Retail and CrossAmerica. As of December 31, 2016, its U.S. Retail segment had 1,167 Company-operated retail sites located in Arkansas, Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico, New York, Oklahoma and Texas.
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