Tudor Investment Corp ET AL lowered its position in CST Brands, Inc. (NYSE:CST) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,610 shares of the specialty retailer’s stock after selling 204,442 shares during the period. CST Brands comprises approximately 0.8% of Tudor Investment Corp ET AL’s holdings, making the stock its 14th largest position. Tudor Investment Corp ET AL owned 0.71% of CST Brands worth $25,757,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. CNH Partners LLC boosted its position in CST Brands by 6.5% in the fourth quarter. CNH Partners LLC now owns 3,187,483 shares of the specialty retailer’s stock worth $153,477,000 after buying an additional 193,619 shares in the last quarter. Guggenheim Capital LLC boosted its position in CST Brands by 18.8% in the fourth quarter. Guggenheim Capital LLC now owns 165,571 shares of the specialty retailer’s stock worth $7,973,000 after buying an additional 26,197 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in CST Brands during the fourth quarter worth approximately $489,000. First Republic Investment Management Inc. boosted its position in 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 worth $264,000 after buying an additional 1,300 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in CST Brands by 457.3% in the fourth quarter. GSA Capital Partners LLP now owns 40,588 shares of the specialty retailer’s stock worth $1,954,000 after buying an additional 33,305 shares in the last quarter. 85.73% of the stock is owned by hedge funds and other institutional investors.
CST Brands, Inc. (NYSE:CST) traded up 0.02% during midday trading on Tuesday, reaching $48.46. 429,890 shares of the company’s stock traded hands. The firm’s 50-day moving average is $48.37 and its 200-day moving average is $48.28. CST Brands, Inc. has a 1-year low of $40.43 and a 1-year high of $48.52. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 12.01 and a beta of 1.04.
CST Brands (NYSE:CST) last issued its quarterly earnings results on Monday, May 8th. The specialty retailer reported $0.15 earnings per share (EPS) 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. Analysts forecast that CST Brands, Inc. will post $1.60 earnings per share for the current year.
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A number of research firms recently commented on CST. BidaskClub raised shares of CST Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday. Jefferies Group LLC set a $49.00 price target on shares of CST Brands and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.88.
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 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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