Cooper Creek Partners Management LLC Purchases Shares of 168,885 CAI International Inc (NYSE:CAI)

Cooper Creek Partners Management LLC purchased a new position in shares of CAI International Inc (NYSE:CAI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 168,885 shares of the transportation company’s stock, valued at approximately $3,918,000.

A number of other institutional investors have also made changes to their positions in CAI. Legal & General Group Plc increased its holdings in CAI International by 32.3% during the 4th quarter. Legal & General Group Plc now owns 3,223 shares of the transportation company’s stock worth $75,000 after purchasing an additional 786 shares during the last quarter. Millennium Management LLC raised its position in shares of CAI International by 0.6% in the 4th quarter. Millennium Management LLC now owns 138,656 shares of the transportation company’s stock valued at $3,221,000 after purchasing an additional 793 shares in the last quarter. Swiss National Bank raised its position in shares of CAI International by 2.9% in the 1st quarter. Swiss National Bank now owns 31,600 shares of the transportation company’s stock valued at $733,000 after purchasing an additional 900 shares in the last quarter. Citigroup Inc. raised its position in shares of CAI International by 17.9% in the 4th quarter. Citigroup Inc. now owns 6,234 shares of the transportation company’s stock valued at $145,000 after purchasing an additional 947 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of CAI International by 11.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,726 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 1,171 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Shares of CAI traded down $0.10 during trading on Friday, reaching $23.55. The company’s stock had a trading volume of 108,874 shares, compared to its average volume of 167,927. CAI International Inc has a twelve month low of $19.58 and a twelve month high of $27.43. The firm has a market cap of $422.37 million, a price-to-earnings ratio of 6.38 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.94.

CAI International (NYSE:CAI) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.06). CAI International had a net margin of 17.48% and a return on equity of 13.01%. The business had revenue of $111.10 million during the quarter, compared to analyst estimates of $115.96 million. During the same period in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts expect that CAI International Inc will post 3.78 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on CAI shares. ValuEngine raised CAI International from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Zacks Investment Research lowered CAI International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods lowered CAI International from an “outperform” rating to a “market perform” rating and cut their target price for the company from $34.00 to $29.00 in a research report on Thursday, February 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.00.

In other CAI International news, Director Gary Sawka sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $23.23, for a total value of $232,300.00. Following the transaction, the director now directly owns 16,757 shares of the company’s stock, valued at approximately $389,265.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.90% of the company’s stock.

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CAI International Profile

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

Further Reading: Green Investing

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Institutional Ownership by Quarter for CAI International (NYSE:CAI)

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