CST Brands Inc. (CST) Short Interest Down 39.0% in September
CST Brands Inc. (NYSE:CST) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,529,110 shares, a decline of 39.0% from the September 15th total of 2,507,341 shares. Based on an average trading volume of 751,198 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.1% of the shares of the company are sold short.
In other CST Brands news, Director Joseph V. Jr. Topper sold 57,729 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $47.95, for a total transaction of $2,768,105.55. Following the sale, the director now owns 1,175,479 shares of the company’s stock, valued at approximately $56,364,218.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph V. Jr. Topper sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $47.96, for a total transaction of $4,796,000.00. Following the sale, the director now directly owns 1,175,479 shares in the company, valued at approximately $56,375,972.84. The disclosure for this sale can be found here. Company insiders own 2.09% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Pennant Capital Management LLC boosted its stake in shares of CST Brands by 12.8% in the first quarter. Pennant Capital Management LLC now owns 3,007,568 shares of the company’s stock worth $115,160,000 after buying an additional 342,227 shares during the period. Wellington Management Group LLP boosted its stake in shares of CST Brands by 7.0% in the first quarter. Wellington Management Group LLP now owns 2,215,277 shares of the company’s stock worth $84,823,000 after buying an additional 145,649 shares during the period. Kirr Marbach & Co. LLC IN boosted its stake in shares of CST Brands by 0.8% in the second quarter. Kirr Marbach & Co. LLC IN now owns 266,894 shares of the company’s stock worth $11,498,000 after buying an additional 2,173 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of CST Brands by 477.9% in the first quarter. Goldman Sachs Group Inc. now owns 920,144 shares of the company’s stock worth $35,233,000 after buying an additional 760,922 shares during the period. Finally, Credit Agricole S A boosted its stake in shares of CST Brands by 506.1% in the first quarter. Credit Agricole S A now owns 64,577 shares of the company’s stock worth $2,473,000 after buying an additional 53,923 shares during the period. Institutional investors own 90.65% of the company’s stock.
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Shares of CST Brands (NYSE:CST) opened at 47.96 on Wednesday. CST Brands has a one year low of $29.73 and a one year high of $48.31. The company’s 50-day moving average is $47.87 and its 200-day moving average is $43.28. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 23.23 and a beta of 1.13.
CST Brands (NYSE:CST) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.07. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. CST Brands had a return on equity of 16.31% and a net margin of 1.70%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, equities analysts predict that CST Brands will post $1.61 EPS for the current year.
A number of brokerages have issued reports on CST. Zacks Investment Research raised shares of CST Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Raymond James Financial Inc. lowered shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 23rd. Wells Fargo & Co. lowered shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. Gabelli lowered shares of CST Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Credit Suisse Group AG restated a “hold” rating and set a $39.00 price target on shares of CST Brands in a research report on Wednesday, August 17th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CST Brands has an average rating of “Hold” and a consensus price target of $43.31.
About CST Brands
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 retail operations include the sale of motor fuel at convenience stores, commission agents and cardlocks; the sale of food, convenience merchandise items and services at convenience stores, and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers.
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