Mario Gabelli increased its stake in Cst Brands Inc Com (CST) by 27.5% based on its latest 2016Q3 regulatory filing with the SEC. Gamco Investors Inc Et Al bought 578,229 shares as the company’s stock rose 9.64% with the market. The hedge fund run by Mario Gabelli held 2.68M shares of the consumer durables company at the end of 2016Q3, valued at $128.92 million, up from 2.10 million at the end of the previous reported quarter. Gamco Investors Inc Et Al who had been investing in Cst Brands Inc Com for a number of months, seems to be bullish on the $3.65B market cap company. The stock is down 0.21% or $0.1 hitting $48.17, despite the positive news. About 421,877 shares traded hands or 2.21% up from the average. CST Brands Inc (NYSE:CST) has risen 8.03% since June 7, 2016 and is uptrending. It has outperformed by 0.61% the S&P500.
Gamco Investors Inc Et Al, which manages about $15.37B US Long portfolio, decreased its stake in Liberty Siriusxm Group by 121,115 shares to 629,649 shares, valued at $21.40M in 2016Q3, according to the filing. It also reduced its holding in Unitedhealth Group Inc Com (NYSE:UNH) by 22,785 shares in the quarter, leaving it with 74,574 shares, and cut its stake in Home Depot Inc (NYSE:HD).
Wealthy, Mario Gabelli’s benefit administrator GAMCO Investors has beaten the S&P 500 by more than 2% every year since 1986. Named Morningstar’s Fund Manager of the Year in 1997 and then Institutional Investor’s Money Manager of the Year in 2010, Mario Gabelli is one speculator who has begun value investing Graham and Dodd and included his own long-standing guidance. In Mario Gabelli’s case, it is the knowledge that a financial specialist can approach an open organization from the viewpoint of an acquirer; a few organizations may be worth more in the private business than as traded on an open market. A valuation that looks reasonable in business may be extremely alluring from a purchaser’s point of view. This for the most part results in an emphasis on income instead of profit. In the 1980s- the utilized buyout fever this was an especially lucrative venture method.
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q3 2016. Its down 0.25, from 1.05 in 2016Q2. The ratio dropped, as 54 funds sold all CST shares owned while 82 reduced positions. 48 funds bought stakes while 61 increased positions. They now own 60.52 million shares or 11.16% less from 68.12 million shares in 2016Q2. Creative Planning accumulated 3,399 shares or 0% of the stock. Capstone Invest Advsr Limited Liability Company holds 132,848 shares or 0.14% of its portfolio. Wells Fargo And Co Mn has invested 0% of its portfolio in CST Brands Inc (NYSE:CST). Tarbox Group Inc has invested 0% of its portfolio in CST Brands Inc (NYSE:CST). Financial Architects Inc last reported 0.01% of its portfolio in the stock. Advantus Cap, a Minnesota-based fund reported 9,166 shares. Gardner Lewis Asset Mgmt LP holds 3.55% or 911,360 shares in its portfolio. Us Bancorporation De reported 2,200 shares or 0% of all its holdings. Havens Advsr Lc owns 8,538 shares or 0.32% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 2,465 shares in the company. Hutchin Hill Cap Lp accumulated 0.49% or 490,239 shares. Vantage Investment Advisors Limited Co has 1 shares for 0% of their US portfolio. Bancorporation Of New York Mellon has invested 0.01% of its portfolio in CST Brands Inc (NYSE:CST). Whittier Company Of Nevada accumulated 5 shares or 0% of the stock. Capital Mngmt Ltd holds 62,270 shares or 0.29% of its portfolio.
Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 4 insider sales for $9.14 million net activity. The insider Topper Joseph V. Jr. sold $4.80M. $318,699 worth of CST Brands Inc (NYSE:CST) was sold by Sonnier Gerard J on Tuesday, December 27.
More notable recent CST Brands Inc (NYSE:CST) news were published by: Bizjournals.com which released: “Pending buyer courted CST Brands for months before CST was interested” on September 17, 2016, also Bizjournals.com with their article: “The CST-Circle K deal: Numbers behind execs’ golden-parachute landing” published on August 25, 2016, Bizjournals.com published: “Competing convenience store operator to buy CST Brands for $3.67B” on August 22, 2016. More interesting news about CST Brands Inc (NYSE:CST) were released by: Bizjournals.com and their article: “CST sets date to vote on merger with Circle K parent company” published on October 13, 2016 as well as Equitiesfocus.com‘s news article titled: “CST Brands, Inc. (NYSE:CST) Quarterly Basic Net EPS At 2016-09-30” with publication date: January 11, 2017.
According to Zacks Investment Research, “CST Brands, Inc. operates as a retailer of motor fuels and convenience merchandise primarily in North America. The Company offers a wide selection of snack foods, tobacco products, beverages and fresh foods, including its own signature brands: Fresh Choices sandwiches, salads and packaged goods, U Force energy drinks, Cibolo Mountain coffees, Transit Cafe coffee and bakery, FC bottled sodas and Flavors 2 Go fountain sodas. CST Brands, Inc. is based in San Antonio, Texas.”
CST Brands Inc (NYSE:CST) Ratings Coverage
Out of 9 analysts covering CST Brands Inc (NYSE:CST), 1 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. CST Brands Inc has been the topic of 9 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock of CST Brands Inc (NYSE:CST) has “Neutral” rating given on Monday, February 22 by Credit Suisse. The stock has “Market Perform” rating given by Wells Fargo on Monday, August 22. Citigroup maintained it with “Neutral” rating and $47 target price in Thursday, August 11 report. The stock has “Neutral” rating given by Macquarie Research on Tuesday, August 23. Jefferies maintained CST Brands Inc (NYSE:CST) on Wednesday, July 27 with “Hold” rating. As per Wednesday, September 16, the company rating was upgraded by Raymond James. The rating was downgraded by Mizuho on Monday, August 22 to “Neutral”. The rating was downgraded by Gabelli on Tuesday, August 23 to “Hold”.
CST Company Profile
CST Brands, Inc. (CST), incorporated on November 7, 2012, is a holding company. The Firm is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. The Company’s retail activities include the sale of motor fuel at convenience stores, commission agents and cardlocks; the sale of food, convenience merchandise items and services at convenience stores, and the sale of heating oil to residential clients and heating oil and motor fuel to small commercial customers. The Firm operates in three divisions: U.S. Retail, Canadian Retail and CrossAmerica. The U.S. Retail segment operates convenience stores, which are located in Arkansas, Arizona, California, Colorado, Louisiana, New Mexico, New York, Oklahoma, Texas and Wyoming. The Canadian Retail segment operates over 870 retail sites located in New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec. The CrossAmerica segment operates sites, which are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Georgia, North Carolina, Maryland, Delaware, Tennessee, Virginia, Illinois, West Virginia, Minnesota, Michigan, Wisconsin, South Dakota, Indiana, Rhode Island, Colorado and Texas.
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