Frontfour Capital Group buys $14,980,158 stake in CST Brands Inc (CST)

CST Brands Inc (CST) : Frontfour Capital Group scooped up 273,223 additional shares in CST Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 337,543 shares of CST Brands Inc which is valued at $14,980,158.CST Brands Inc makes up approximately 6.19% of Frontfour Capital Group’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in CST by selling 795 shares or 10.1% in the most recent quarter. The Hedge Fund company now holds 7,080 shares of CST which is valued at $314,210.Thrivent Financial For Lutherans boosted its stake in CST in the latest quarter, The investment management firm added 1,140 additional shares and now holds a total of 10,800 shares of CST Brands Inc which is valued at $479,304.Diversified Trust Co reduced its stake in CST by selling 5,350 shares or 11.55% in the most recent quarter. The Hedge Fund company now holds 40,990 shares of CST which is valued at $1,806,019. CST Brands Inc makes up approx 0.25% of Diversified Trust Co’s portfolio.Ls Investment Advisors boosted its stake in CST in the latest quarter, The investment management firm added 1,847 additional shares and now holds a total of 4,655 shares of CST Brands Inc which is valued at $211,337. CST Brands Inc makes up approx 0.01% of Ls Investment Advisors’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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