Havens Advisors adds CST Brands Inc (CST) to its portfolio

CST Brands Inc (CST) : Havens Advisors added new position in CST Brands Inc during the most recent quarter end. The investment management firm now holds 8,538 shares of CST Brands Inc which is valued at $409,739 , the company said in a statement filed on Oct 13, 2016 with the SEC.CST Brands Inc makes up approximately 0.33% of Havens Advisors’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in CST by selling 360 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 8,791 shares of CST which is valued at $421,441. CST Brands Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Simplex Trading sold out all of its stake in CST during the most recent quarter. The investment firm sold 30,824 shares of CST which is valued $1,478,627.Advisory Services Network boosted its stake in CST in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 57 shares of CST Brands Inc which is valued at $2,734.Bnp Paribas Arbitrage Sa boosted its stake in CST in the latest quarter, The investment management firm added 4,462 additional shares and now holds a total of 36,364 shares of CST Brands Inc which is valued at $1,748,745. CST Brands Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

CST Brands Inc closed down -0.08 points or -0.17% at $47.94 with 4,63,085 shares getting traded on Tuesday. Post opening the session at $48.01, the shares hit an intraday low of $47.89 and an intraday high of $48.06 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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