Janus Capital Management LLC cut its stake in shares of CST Brands Inc (NYSE:CST) by 44.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the specialty retailer’s stock after selling 4,100 shares during the period. Janus Capital Management LLC’s holdings in CST Brands were worth $250,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new position in CST Brands during the first quarter valued at approximately $214,000. PNC Financial Services Group Inc. increased its position in CST Brands by 10.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,485 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 439 shares in the last quarter. KCG Holdings Inc. increased its position in CST Brands by 29.1% in the first quarter. KCG Holdings Inc. now owns 5,536 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 1,247 shares in the last quarter. World Asset Management Inc increased its position in 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 in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in CST Brands during the fourth quarter valued at approximately $279,000. 85.73% of the stock is owned by hedge funds and other institutional investors.
Shares of CST Brands Inc (NYSE:CST) opened at 48.53 on Friday. CST Brands Inc has a 52 week low of $42.01 and a 52 week high of $48.56. The firm has a 50 day moving average price of $48.38 and a 200-day moving average price of $48.29.
Several research firms recently commented on CST. BidaskClub raised CST Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. Jefferies Group LLC set a $49.00 price objective on CST Brands and gave the company a “hold” rating in a research note 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 a consensus target price of $45.51.
About CST Brands
CST Brands LLC, formerly CST Brands, Inc, 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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