California Public Employees Retirement System raised its position in shares of CAI International Inc. (NYSE:CAI) by 21.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,600 shares of the company’s stock after buying an additional 23,400 shares during the period. California Public Employees Retirement System owned approximately 0.68% of CAI International worth $994,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in CAI International during the first quarter worth $297,000. Strs Ohio raised its position in CAI International by 25.3% in the second quarter. Strs Ohio now owns 74,900 shares of the company’s stock worth $561,000 after buying an additional 15,100 shares during the last quarter. Geode Capital Management LLC purchased a new position in CAI International during the first quarter worth $1,072,000. Bogle Investment Management L P DE purchased a new position in CAI International during the first quarter worth $1,326,000. Finally, Spark Investment Management LLC purchased a new position in CAI International during the first quarter worth $1,343,000. 61.83% of the stock is owned by institutional investors and hedge funds.
Shares of CAI International Inc. (NYSE:CAI) traded up 2.253% during trading on Tuesday, hitting $8.395. 10,241 shares of the company were exchanged. CAI International Inc. has a 12 month low of $4.83 and a 12 month high of $12.36. The firm’s 50-day moving average price is $8.26 and its 200 day moving average price is $8.38. The firm has a market capitalization of $161.61 million, a PE ratio of 14.858 and a beta of 2.23.
CAI International (NYSE:CAI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.18. CAI International had a return on equity of 8.09% and a net margin of 4.19%. The business had revenue of $71.60 million for the quarter, compared to analysts’ expectations of $69.53 million. During the same period in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts expect that CAI International Inc. will post $1.12 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered shares of CAI International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.25.
About CAI International
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Company operates through three segments: container leasing, rail leasing and logistics.
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