Anthracite Investment Company Inc. Sells 800 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Anthracite Investment Company Inc. lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the company’s stock after selling 800 shares during the quarter. Casey’s General Stores accounts for approximately 1.6% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 14th biggest holding. Anthracite Investment Company Inc.’s holdings in Casey’s General Stores were worth $4,557,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CASY. Zions Bancorporation N.A. boosted its stake in shares of Casey’s General Stores by 10.7% during the 4th quarter. Zions Bancorporation N.A. now owns 7,219 shares of the company’s stock worth $2,860,000 after buying an additional 700 shares during the last quarter. EntryPoint Capital LLC bought a new position in Casey’s General Stores in the fourth quarter valued at approximately $288,000. Segall Bryant & Hamill LLC increased its position in shares of Casey’s General Stores by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after purchasing an additional 4,458 shares during the last quarter. Dillon & Associates Inc. raised its stake in shares of Casey’s General Stores by 505.5% during the 4th quarter. Dillon & Associates Inc. now owns 9,283 shares of the company’s stock worth $3,676,000 after purchasing an additional 7,750 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the 4th quarter valued at approximately $951,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Evercore ISI dropped their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Casey’s General Stores Trading Up 1.2 %

Shares of CASY opened at $417.42 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores, Inc. has a 52-week low of $306.45 and a 52-week high of $445.17. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.40 and a beta of 0.87. The business’s fifty day moving average is $411.05 and its 200-day moving average is $401.98.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos acquired 256 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.