Champlain Investment Partners Lowers stake in CST Brands Inc (CST)

CST Brands Inc (CST) : Champlain Investment Partners reduced its stake in CST Brands Inc by 7.5% during the most recent quarter end. The investment management company now holds a total of 3,111,585 shares of CST Brands Inc which is valued at $113.6 Million after selling 252,250 shares in CST Brands Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.CST Brands Inc makes up approximately 2.06% of Champlain Investment Partners’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in CST in the latest quarter, The investment management firm added 1,972 additional shares and now holds a total of 16,803 shares of CST Brands Inc which is valued at $613,646.Blackrock Group Ltd boosted its stake in CST in the latest quarter, The investment management firm added 9,700 additional shares and now holds a total of 51,997 shares of CST Brands Inc which is valued at $1.9 Million.State Treasurer State Of Michigan boosted its stake in CST in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 30,184 shares of CST Brands Inc which is valued at $1.1 Million. CST Brands Inc makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Schwab Charles Investment Management Inc reduced its stake in CST by selling 2,074 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 258,739 shares of CST which is valued at $9.6 Million. CST Brands Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.

CST Brands Inc opened for trading at $36.49 and hit $37.49 on the upside on Monday, eventually ending the session at $37.17, with a gain of 1.78% or 0.65 points. The heightened volatility saw the trading volume jump to 5,32,881 shares. Company has a market cap of $2,813 M.

On the company’s financial health, CST Brands Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.23. The company had revenue of $2034.00 million for the quarter, compared to analysts expectations of $2260.66 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on CST Brands Inc. CST Brands Inc was Initiated by Jefferies to “Hold” on Apr 8, 2016.

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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