Ghisallo Capital Management LLC Trims Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Ghisallo Capital Management LLC trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 91.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the industrial products company's stock after selling 275,000 shares during the quarter. Ghisallo Capital Management LLC's holdings in Casella Waste Systems were worth $2,645,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd boosted its holdings in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 194 shares in the last quarter. Huntington National Bank boosted its holdings in Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 230 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems in the fourth quarter valued at approximately $58,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the transaction, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CWST shares. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. UBS Group increased their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, Stifel Nicolaus increased their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock traded down $0.11 during trading hours on Thursday, hitting $117.34. 187,283 shares of the company were exchanged, compared to its average volume of 361,915. Casella Waste Systems, Inc. has a 1 year low of $88.89 and a 1 year high of $120.69. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average of $111.84 and a 200-day moving average of $109.07. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 510.17, a P/E/G ratio of 3.86 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. As a group, analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.