Citadel Advisors LLC Has $265,000 Position in CAI International, Inc. (CAI)

Citadel Advisors LLC boosted its position in shares of CAI International, Inc. (NYSE:CAI) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,245 shares of the transportation company’s stock after purchasing an additional 347 shares during the period. Citadel Advisors LLC owned about 0.06% of CAI International worth $265,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in CAI International by 9.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock valued at $20,389,000 after purchasing an additional 114,781 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CAI International by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 680,462 shares of the transportation company’s stock valued at $16,059,000 after purchasing an additional 25,180 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in CAI International by 3.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 328,636 shares of the transportation company’s stock valued at $7,755,000 after purchasing an additional 10,882 shares during the last quarter. Royce & Associates LP lifted its holdings in CAI International by 26.9% during the 2nd quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock valued at $7,674,000 after purchasing an additional 69,000 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in CAI International by 291.4% during the 1st quarter. Ameriprise Financial Inc. now owns 278,902 shares of the transportation company’s stock valued at $4,389,000 after purchasing an additional 207,639 shares during the last quarter. 58.10% of the stock is owned by hedge funds and other institutional investors.

CAI International, Inc. (NYSE CAI) opened at 30.74 on Friday. The company has a market capitalization of $589.29 million, a P/E ratio of 44.88 and a beta of 2.19. The firm has a 50 day moving average of $29.84 and a 200-day moving average of $23.90. CAI International, Inc. has a 52 week low of $6.75 and a 52 week high of $31.61.

CAI International (NYSE:CAI) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. CAI International had a net margin of 4.14% and a return on equity of 4.13%. The company had revenue of $82.69 million for the quarter, compared to the consensus estimate of $85.18 million. During the same period last year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that CAI International, Inc. will post $2.32 earnings per share for the current year.

CAI has been the subject of a number of research analyst reports. Cowen and Company boosted their target price on shares of CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. ValuEngine raised shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

In other news, Director Hiromitsu Ogawa sold 693,927 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total value of $18,458,458.20. Following the sale, the director now directly owns 712,433 shares in the company, valued at approximately $18,950,717.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 24.50% of the company’s stock.

WARNING: This piece of content was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://sportsperspectives.com/2017/10/13/citadel-advisors-llc-has-265000-position-in-cai-international-inc-cai.html.

CAI International Company Profile

CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics.

Want to see what other hedge funds are holding CAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAI International, Inc. (NYSE:CAI).

Institutional Ownership by Quarter for CAI International (NYSE:CAI)

Receive News & Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply