Short Interest To Observe: Caseys General Stores Incorporated (NASDAQ:CASY) Shorted Shares Decreased By 1.07%

November 28, 2016 - By Richard Conner   ·   0 Comments

Short Interest To Observe: Caseys General Stores Incorporated (NASDAQ:CASY) Shorted Shares Decreased By 1.07%

The stock of Caseys General Stores Incorporated (NASDAQ:CASY) registered a decrease of 1.07% in short interest. CASY’s total short interest was 2.52M shares in November as published by FINRA. Its down 1.07% from 2.54M shares, reported previously. With 286,200 shares average volume, it will take short sellers 9 days to cover their CASY’s short positions. The short interest to Caseys General Stores Incorporated’s float is 6.49%. About 220,040 shares traded hands. Casey’s General Stores Inc (NASDAQ:CASY) has risen 8.99% since April 25, 2016 and is uptrending. It has outperformed by 2.98% the S&P500.

Casey’s General Stores, Inc. and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The company has a market cap of $4.76 billion. The Firm also operates approximately two stores selling primarily tobacco products. It has a 20.8 P/E ratio. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.13, from 0.94 in 2016Q1. The ratio dived, as 37 funds sold all Casey’s General Stores Inc shares owned while 124 reduced positions. 57 funds bought stakes while 94 increased positions. They now own 31.66 million shares or 12.09% less from 36.01 million shares in 2016Q1.
The Manitoba – Canada-based Great West Life Assurance Communication Can has invested 0.01% in Casey’s General Stores Inc (NASDAQ:CASY). Moreover, Arizona State Retirement System has 0.03% invested in Casey’s General Stores Inc (NASDAQ:CASY) for 16,410 shares. Jlb & Inc accumulated 1,894 shares or 0.07% of the stock. D E Shaw Company holds 0% or 2,135 shares in its portfolio. Profund Advsr Ltd Llc reported 6,290 shares or 0.04% of all its holdings. The Australia-based Macquarie Group Limited has invested 0.06% in Casey’s General Stores Inc (NASDAQ:CASY). Texas Yale, a Florida-based fund reported 2,743 shares. Utah Retirement Systems holds 0.03% of its portfolio in Casey’s General Stores Inc (NASDAQ:CASY) for 7,200 shares. New York State Teachers Retirement Sys last reported 0.02% of its portfolio in the stock. Blackrock Inv Limited Liability Corp holds 111,418 shares or 0.02% of its portfolio. Speece Thorson Grp Inc accumulated 3.65% or 128,038 shares. The Virginia-based Bb&T Securities Ltd Llc has invested 0.01% in Casey’s General Stores Inc (NASDAQ:CASY). Marshall Wace Llp accumulated 5,170 shares or 0.01% of the stock. Trustmark Bancshares Trust Department reported 2,878 shares or 0.05% of all its holdings. Blackrock Institutional Trust Na accumulated 1.17 million shares or 0.02% of the stock.

Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 3 sales for $2.60 million net activity. The insider Wilkey Richard A bought $40,052. $476,480 worth of Casey’s General Stores Inc (NASDAQ:CASY) was sold by Lamberti Jeffrey M on Monday, June 13. $383,250 worth of Casey’s General Stores Inc (NASDAQ:CASY) was sold by Jackowski Julia L. Another trade for 15,000 shares valued at $1.78M was sold by HANDLEY TERRY W.

Casey’s General Stores Inc (NASDAQ:CASY) Ratings Coverage

Out of 8 analysts covering Casey’s General Stores (NASDAQ:CASY), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Casey’s General Stores has been the topic of 25 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, March 30 report. On Thursday, September 1 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 17. BMO Capital Markets upgraded Casey’s General Stores Inc (NASDAQ:CASY) on Friday, September 11 to “Market Perform” rating. Barclays Capital initiated the shares of CASY in a report on Friday, September 23 with “Equal-Weight” rating. The firm has “Buy” rating given on Thursday, September 3 by Zacks. As per Monday, August 22, the company rating was maintained by Jefferies. The firm has “Outperform” rating given on Thursday, September 8 by RBC Capital Markets. As per Wednesday, March 9, the company rating was maintained by Goldman Sachs. The company was maintained on Monday, September 12 by Deutsche Bank.

CASY Company Profile

Casey’s General Stores, Inc., incorporated on December 13, 1967, and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Firm also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items. As of April 30, 2016, the Company operated 1,931 stores. The Firm operates approximately two distribution centers, through which the Company supply grocery and general merchandise items to its stores.

More notable recent Casey’s General Stores Inc (NASDAQ:CASY) news were published by: Fool.com which released: “Why Casey’s General Stores Inc. Stock Plunged Today” on September 07, 2016, also Fool.com with their article: “Casey’s General Stores Inc. Misses Estimate in Prepared-Foods Segment” published on September 07, 2016, Fool.com published: “Management at Casey’s General Stores Inc. Has Some Explaining to Do” on June 06, 2016. More interesting news about Casey’s General Stores Inc (NASDAQ:CASY) were released by: Fool.com and their article: “Why Casey’s General Stores, Inc. Dropped 12.6% in February” published on March 11, 2016 as well as Forbes.com‘s news article titled: “Casey’s General Stores Becomes Oversold (CASY)” with publication date: September 07, 2016.

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By Richard Conner


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