Litespeed Management L.l.c. buys $34,758,368 stake in CST Brands Inc (CST)

CST Brands Inc (CST) : Litespeed Management L.l.c. scooped up 578,820 additional shares in CST Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 722,477 shares of CST Brands Inc which is valued at $34,758,368.CST Brands Inc makes up approximately 7.96% of Litespeed Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in CST during the most recent quarter. The investment firm sold 10,135 shares of CST which is valued $489,014.Liberty Mutual Group Asset Management boosted its stake in CST in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 32,926 shares of CST Brands Inc which is valued at $1,587,033. CST Brands Inc makes up approx 0.06% of Liberty Mutual Group Asset Management’s portfolio. Winton Group Ltd added CST to its portfolio by purchasing 7,286 company shares during the most recent quarter which is valued at $351,477. CST Brands Inc makes up approx 0.01% of Winton Group Ltd’s portfolio.Tower Research Capital (trc) boosted its stake in CST in the latest quarter, The investment management firm added 1,650 additional shares and now holds a total of 3,512 shares of CST Brands Inc which is valued at $169,419. CST Brands Inc makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.Ubs Asset Management Americas Inc boosted its stake in CST in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 78,778 shares of CST Brands Inc which is valued at $3,779,768.

CST Brands Inc opened for trading at $48.05 and hit $48.14 on the upside on Monday, eventually ending the session at $48.11, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 3,48,091 shares. Company has a market cap of $3,642 M.

On the company’s financial health, CST Brands Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $0.59. The company had revenue of $2466.00 million for the quarter, compared to analysts expectations of $2473.13 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.12 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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