Ghisallo Capital Management LLC Sells 275,000 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Ghisallo Capital Management LLC lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 91.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

A number of other institutional investors have also recently bought and sold shares of CWST. Mather Group LLC. grew its holdings in Casella Waste Systems by 1,606.7% during 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 during the period. Covestor Ltd lifted its stake 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 buying an additional 153 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 buying an additional 194 shares in the last quarter. Huntington National Bank lifted its stake 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 buying an additional 230 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Casella Waste Systems in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWST. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price for the company. Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. UBS Group lifted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Stifel Nicolaus lifted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $122.67.

Casella Waste Systems Stock Performance

Casella Waste Systems stock traded up $1.09 during midday trading on Tuesday, reaching $117.27. 366,305 shares of the company's stock were exchanged, compared to its average volume of 361,541. Casella Waste Systems, Inc. has a 52 week low of $88.89 and a 52 week high of $120.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 509.87, a P/E/G ratio of 3.86 and a beta of 0.96. The stock's 50-day simple moving average is $111.73 and its 200 day simple moving average is $108.95.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share 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.