Metropolitan Life Insurance Co. NY lowered its position in shares of CST Brands Inc (NYSE:CST) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,505 shares of the specialty retailer’s stock after selling 183 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.09% of CST Brands worth $3,391,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of CST Brands by 36.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,759 shares of the specialty retailer’s stock worth $132,000 after buying an additional 737 shares during the period. Two Sigma Securities LLC purchased a new position in shares of CST Brands during the first quarter worth $214,000. PNC Financial Services Group Inc. increased its position in shares of CST Brands by 10.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,485 shares of the specialty retailer’s stock worth $216,000 after buying an additional 439 shares during the period. KCG Holdings Inc. increased its position in shares of CST Brands by 29.1% in the first quarter. KCG Holdings Inc. now owns 5,536 shares of the specialty retailer’s stock worth $266,000 after buying an additional 1,247 shares during the period. Finally, World Asset Management Inc increased its position in shares of CST Brands by 0.7% in the first quarter. World Asset Management Inc now owns 5,629 shares of the specialty retailer’s stock worth $271,000 after buying an additional 37 shares during the period. Institutional investors own 85.73% of the company’s stock.
Shares of CST Brands Inc (CST) traded down 0.02% during mid-day trading on Tuesday, reaching $48.53. 652,166 shares of the company traded hands. The stock’s 50-day moving average is $48.38 and its 200-day moving average is $48.29. CST Brands Inc has a 52 week low of $42.01 and a 52 week high of $48.56.
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CST has been the subject of a number of analyst reports. BidaskClub upgraded shares of CST Brands from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Jefferies Group LLC set a $49.00 target price on shares of CST Brands and gave the stock a “hold” rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $45.88.
About CST Brands
CST Brands LLC, formerly CST Brands, Inc, is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its segments include U.S. Retail, Canadian Retail and CrossAmerica. As of December 31, 2016, its U.S. Retail segment had 1,167 Company-operated retail sites located in Arkansas, Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico, New York, Oklahoma and Texas.
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