Is Buying Caseys General Stores Incorporated (NASDAQ:CASY), Having Lower Short Interest a Winning Strategy?

September 17, 2017 - By Marie Mckinney

 Is Buying Caseys General Stores Incorporated (NASDAQ:CASY), Having Lower Short Interest a Winning Strategy?

Investors sentiment increased to 0.95 in Q4 2016. Its up 0.14, from 0.81 in 2016Q3. It is positive, as 48 investors sold Casey’s General Stores Inc shares while 109 reduced holdings. 44 funds opened positions while 105 raised stakes. 33.28 million shares or 1.01% more from 32.94 million shares in 2016Q3 were reported.
Paragon Cap Mgmt Ltd holds 97,742 shares. Federated Pa holds 0.01% or 20,582 shares in its portfolio. Highbridge Capital Mngmt Ltd invested 0.01% of its portfolio in Casey’s General Stores Inc (NASDAQ:CASY). The New York-based First Manhattan Communications has invested 0% in Casey’s General Stores Inc (NASDAQ:CASY). Fdx Advisors owns 12,062 shares. Burns J W & holds 6,398 shares. Bnp Paribas Arbitrage Sa owns 13,557 shares or 0.01% of their US portfolio. Prelude Capital Mgmt Limited Liability Com reported 561 shares. Comerica Bancshares reported 81,796 shares. Maplelane Cap Limited Liability Company has 0.3% invested in Casey’s General Stores Inc (NASDAQ:CASY) for 60,000 shares. Moreover, Raymond James And Associate has 0.01% invested in Casey’s General Stores Inc (NASDAQ:CASY) for 32,978 shares. Boston Limited Liability invested in 5,964 shares. Washington Mgmt reported 2,300 shares or 0.34% of all its holdings. Thrivent Fincl For Lutherans reported 22,325 shares or 0.01% of all its holdings. Commerce Savings Bank has invested 0.18% in Casey’s General Stores Inc (NASDAQ:CASY).

Since June 14, 2017, it had 0 insider buys, and 1 sale for $65,076 activity.

The stock of Caseys General Stores Incorporated (NASDAQ:CASY) registered a decrease of 1.54% in short interest. CASY’s total short interest was 5.03 million shares in September as published by FINRA. Its down 1.54% from 5.11M shares, reported previously. With 350,000 shares average volume, it will take short sellers 14 days to cover their CASY’s short positions.

The stock increased 1.42% or $1.49 on September 15, reaching $106.75. About 652,688 shares traded or 44.10% up from the average. Casey’s General Stores Inc (NASDAQ:CASY) has risen 0.79% since September 17, 2016 and is uptrending. It has underperformed by 15.91% the S&P500.

Casey’s General Stores, Inc. and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The company has market cap of $4.05 billion. The Firm also operates approximately two stores selling primarily tobacco products. It has a 25.16 P/E ratio. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Casey’s General Stores Inc (NASDAQ:CASY) Ratings Coverage

Among 10 analysts covering Casey’s General Stores (NASDAQ:CASY), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Casey’s General Stores had 42 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, September 12. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, June 29 report. The stock of Casey’s General Stores Inc (NASDAQ:CASY) has “Hold” rating given on Wednesday, December 9 by Deutsche Bank. The firm earned “Neutral” rating on Wednesday, March 9 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Monday, August 28 with “Hold”. The stock of Casey’s General Stores Inc (NASDAQ:CASY) has “Buy” rating given on Thursday, August 31 by Jefferies. Jefferies maintained Casey’s General Stores Inc (NASDAQ:CASY) rating on Monday, August 22. Jefferies has “Hold” rating and $137 target. Jefferies maintained Casey’s General Stores Inc (NASDAQ:CASY) rating on Wednesday, June 8. Jefferies has “Hold” rating and $113 target. RBC Capital Markets downgraded it to “Sector Perform” rating and $123 target in Tuesday, March 7 report. Sidoti downgraded the shares of CASY in report on Tuesday, June 6 to “Hold” rating.

More important recent Casey’s General Stores Inc (NASDAQ:CASY) news were published by: Seekingalpha.com which released: “Casey’s: Overreaction On Earnings Miss Creates Great-Long Term Opportunity” on June 07, 2017, also Fool.com published article titled: “Casey’s General: The raw numbers”, Nasdaq.com published: “Casey’s General Stores Inc. Q1 Earnings Fall 16%” on September 05, 2017. More interesting news about Casey’s General Stores Inc (NASDAQ:CASY) was released by: Marketwatch.com and their article: “Casey’s General Stores shares fall on earnings miss” with publication date: March 06, 2017.

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