Litespeed Management L.l.c. adds CST Brands Inc (CST) to its portfolio

CST Brands Inc (CST) : Litespeed Management L.l.c. added new position in CST Brands Inc during the most recent quarter end. The investment management firm now holds 143,657 shares of CST Brands Inc which is valued at $6,375,498 , the company said in a statement filed on Aug 15, 2016 with the SEC.CST Brands Inc makes up approximately 1.27% of Litespeed Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Belmont Global Advisors added CST to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $221,900. CST Brands Inc makes up approx 0.40% of Belmont Global Advisors’s portfolio.Alliancebernstein boosted its stake in CST in the latest quarter, The investment management firm added 4,720 additional shares and now holds a total of 51,743 shares of CST Brands Inc which is valued at $2,296,354.Blackrock Advisors boosted its stake in CST in the latest quarter, The investment management firm added 2,971 additional shares and now holds a total of 41,078 shares of CST Brands Inc which is valued at $1,823,042.First Quadrant L Pca reduced its stake in CST by selling 43,900 shares or 77.24% in the most recent quarter. The Hedge Fund company now holds 12,933 shares of CST which is valued at $585,348. CST Brands Inc makes up approx 0.01% of First Quadrant L Pca’s portfolio.

CST Brands Inc opened for trading at $47.84 and hit $48.2 on the upside on Thursday, eventually ending the session at $47.98, with a gain of 0.36% or 0.17 points. The heightened volatility saw the trading volume jump to 23,17,606 shares. Company has a market cap of $3,631 M.

On the company’s financial health, CST Brands Inc reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.45. The company had revenue of $2518.00 million for the quarter, compared to analysts expectations of $2540.02 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on CST Brands Inc. CST Brands Inc was Downgraded by Macquarie to ” Neutral” on Aug 23, 2016. CST Brands Inc was Downgraded by Gabelli & Co to ” Hold” on Aug 23, 2016. Company shares were Downgraded by Mizuho on Aug 22, 2016 to ” Neutral”, Firm has raised the Price Target to $ 48.53 from a previous price target of $45 .

CST Brands Inc. (CST) is a holding company. The Company is an independent retail and wholesale distributors of motor fuel and convenience merchandise and services in North America. Its retail operations include the sale of motor fuel at convenience stores commission agents and cardlocks; the sale of 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. The Company operates in three segments: U.S. Retail which is the Company owned and operated convenience store businesses; Canadian Retail which includes company owned and operated convenience stores commission agents cardlocks and heating oil operations located in Canada and CrossAmerica which distributes motor fuel to lessee dealers independent dealers affiliated dealers CST’s U.S. Retail Segment and sub-wholesalers retail commission agents and non-core Company operated convenience stores.

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