November 29, 2016 - By Marguerite Chambers · 0 Comments
CST Brands Inc (NYSE:CST) institutional sentiment decreased to 0.8 in Q2 2016. Its down -0.25, from 1.05 in 2016Q1. The ratio fall, as 112 active investment managers increased and started new positions, while 107 sold and reduced their holdings in CST Brands Inc. The active investment managers in our partner’s database now own: 68.12 million shares, up from 67.17 million shares in 2016Q1. Also, the number of active investment managers holding CST Brands Inc in their top 10 positions was flat from 7 to 7 for the same number . Sold All: 27 Reduced: 80 Increased: 79 New Position: 33.
CST Brands, Inc. is a holding company. The company has a market cap of $3.63 billion. The Firm is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. It has a 11.05 P/E ratio. The Company’s retail activities 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 clients and heating oil and motor fuel to small commercial customers.
About 214,667 shares traded hands. CST Brands Inc (NYSE:CST) has risen 26.24% since April 26, 2016 and is uptrending. It has outperformed by 20.98% the S&P500.
Analysts await CST Brands Inc (NYSE:CST) to report earnings on February, 17. They expect $0.33 EPS, down 40.00% or $0.22 from last year’s $0.55 per share. CST’s profit will be $24.94 million for 36.39 P/E if the $0.33 EPS becomes a reality. After $0.51 actual EPS reported by CST Brands Inc for the previous quarter, Wall Street now forecasts -35.29% negative EPS growth.
According to Zacks Investment Research, “CST Brands, Inc. operates as a retailer of motor fuels and convenience merchandise primarily in North America. The Company offers a wide selection of snack foods, tobacco products, beverages and fresh foods, including its own signature brands: Fresh Choices sandwiches, salads and packaged goods, U Force energy drinks, Cibolo Mountain coffees, Transit Cafe coffee and bakery, FC bottled sodas and Flavors 2 Go fountain sodas. CST Brands, Inc. is based in San Antonio, Texas.”
Seven Locks Capital Management Lp holds 9.89% of its portfolio in CST Brands Inc for 421,160 shares. Litespeed Management L.L.C. owns 722,477 shares or 6.03% of their US portfolio. Moreover, Lorber David A has 4.57% invested in the company for 16,860 shares. The Connecticut-based Frontfour Capital Group Llc has invested 4.4% in the stock. Pennant Capital Management Llc, a New Jersey-based fund reported 3.43 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 insider sale for $4.80 million net activity.
Ratings analysis reveals 11% of CST Brands Inc’s analysts are positive. Out of 9 Wall Street analysts rating CST Brands Inc, 1 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $34 while the high is $48.53. The stock’s average target of $42.71 is -11.09% below today’s ($48.04) share price. CST was included in 9 notes of analysts from September 8, 2015. The firm has “Market Perform” rating by Wells Fargo given on Monday, August 22. Gabelli downgraded CST Brands Inc (NYSE:CST) on Tuesday, August 23 to “Hold” rating. The firm earned “Neutral” rating on Monday, February 22 by Credit Suisse. The stock has “Outperform” rating given by Raymond James on Wednesday, September 16. The firm has “Neutral” rating given on Tuesday, August 23 by Macquarie Research. The stock has “Hold” rating given by Jefferies on Wednesday, July 27. The firm has “Neutral” rating by Citigroup given on Thursday, August 11. On Monday, August 22 the stock rating was downgraded by Mizuho to “Neutral”.
CST Brands, Inc. (CST), incorporated on November 7, 2012, is a holding company. The Firm is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. The Company’s retail activities 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 clients and heating oil and motor fuel to small commercial customers. The Firm operates in three divisions: U.S. Retail, Canadian Retail and CrossAmerica. The U.S. Retail segment operates convenience stores, which are located in Arkansas, Arizona, California, Colorado, Louisiana, New Mexico, New York, Oklahoma, Texas and Wyoming. The Canadian Retail segment operates over 870 retail sites located in New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec. The CrossAmerica segment operates sites, which are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Georgia, North Carolina, Maryland, Delaware, Tennessee, Virginia, Illinois, West Virginia, Minnesota, Michigan, Wisconsin, South Dakota, Indiana, Rhode Island, Colorado and Texas.
More important recent CST Brands Inc (NYSE:CST) news were published by: Marketwatch.com which released: “Circle K parent close to deal to buy CST Brands” on August 16, 2016, also Bizjournals.com published article titled: “Pending buyer courted CST Brands for months before CST was interested”, Businesswire.com published: “CST Brands, Inc. Announces Merger Agreement with Alimentation Couche-Tard Inc …” on August 22, 2016. More interesting news about CST Brands Inc (NYSE:CST) was released by: Expressnews.com and their article: “CST Brands now a hot commodity” with publication date: June 08, 2016.
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By Marguerite Chambers