Netols Asset Management Lowers stake in Casey's General Stores Inc (CASY)

Casey's General Stores Inc (CASY) : Netols Asset Management reduced its stake in Casey's General Stores Inc by 3.68% during the most recent quarter end. The investment management company now holds a total of 86,690 shares of Casey's General Stores Inc which is valued at $11,443,080 after selling 3,308 shares in Casey's General Stores Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Casey's General Stores Inc makes up approximately 2.51% of Netols Asset Management’s portfolio.

Other Hedge Funds, Including , Hodges Capital Management reduced its stake in CASY by selling 3,395 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 399,790 shares of CASY which is valued at $52,772,280. Casey's General Stores Inc makes up approx 2.44% of Hodges Capital Management’s portfolio.Burney Co boosted its stake in CASY in the latest quarter, The investment management firm added 1,520 additional shares and now holds a total of 22,974 shares of Casey's General Stores Inc which is valued at $3,032,568. Casey's General Stores Inc makes up approx 0.21% of Burney Co’s portfolio.Calvert Investment Management boosted its stake in CASY in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 2,978 shares of Casey's General Stores Inc which is valued at $397,474. Casey's General Stores Inc makes up approx 0.02% of Calvert Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in CASY in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 15,700 shares of Casey's General Stores Inc which is valued at $2,079,779. Casey's General Stores Inc makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Fruth Investment Management reduced its stake in CASY by selling 25 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 14,453 shares of CASY which is valued at $1,897,534. Casey's General Stores Inc makes up approx 0.89% of Fruth Investment Management’s portfolio.

Casey's General Stores Inc closed down -1.9 points or -1.41% at $132.87 with 2,28,420 shares getting traded on Tuesday. Post opening the session at $135, the shares hit an intraday low of $132.85 and an intraday high of $135 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Casey's General Stores Inc reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jun 6, 2016. Analyst had a consensus of $1.22. The company had revenue of $1582.95 million for the quarter, compared to analysts expectations of $1570.74 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Casey's General Stores Inc. Company shares were Reiterated by Jefferies on Aug 22, 2016 to “Hold”, Firm has raised the Price Target to $ 137 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Aug 19, 2016 to “Buy”, Firm has raised the Price Target to $ 141 from a previous price target of $130 .Casey's General Stores Inc was Initiated by BofA/Merrill to “Buy” on Jul 25, 2016.

Casey’s General Stores Inc. and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states in Iowa Missouri and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry 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 2015 the Company operated 1878 stores. The Company operates a central warehouse Casey’s Distribution Center in Ankeny Iowa through which it supplies grocery and general merchandise items to its stores. The Company’s subsidiary Casey’s Retail Company operates stores in Illinois Kansas Minnesota Nebraska North Dakota and South Dakota. Its subsidiary Casey’s Marketing Company owns and has responsibility for the operation of stores in Arkansas Indiana Iowa Kentucky Missouri Oklahoma Tennessee and Wisconsin.

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