The Spark Investment Management LLC Has $398,000 Position in Casella Waste Systems, Inc. (CWST)

The Spark Investment Management LLC Has $398,000 Position in Casella Waste Systems, Inc. (CWST)

Spark Investment Management LLC reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 37.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,700 shares of the company’s stock after selling 22,900 shares during the period. Spark Investment Management LLC owned approximately 0.09% of Casella Waste Systems worth $398,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CWST. Northern Trust Corp raised its position in Casella Waste Systems by 3.3% in the third quarter. Northern Trust Corp now owns 410,458 shares of the company’s stock valued at $4,228,000 after buying an additional 13,214 shares during the last quarter. Emerald Acquisition Ltd. raised its position in Casella Waste Systems by 9.2% in the third quarter. Emerald Acquisition Ltd. now owns 100,720 shares of the company’s stock valued at $1,037,000 after buying an additional 8,508 shares during the last quarter. California State Teachers Retirement System raised its position in Casella Waste Systems by 0.9% in the third quarter. California State Teachers Retirement System now owns 81,774 shares of the company’s stock valued at $842,000 after buying an additional 700 shares during the last quarter. Ameriprise Financial Inc. raised its position in Casella Waste Systems by 2,470.8% in the third quarter. Ameriprise Financial Inc. now owns 310,424 shares of the company’s stock valued at $3,197,000 after buying an additional 298,349 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in Casella Waste Systems during the third quarter valued at approximately $126,000. Hedge funds and other institutional investors own 71.50% of the company’s stock.

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) traded down 0.31% during midday trading on Wednesday, reaching $12.70. The company’s stock had a trading volume of 168,712 shares. The stock has a 50-day moving average price of $12.58 and a 200 day moving average price of $10.63. The stock’s market capitalization is $526.90 million. Casella Waste Systems, Inc. has a 52 week low of $4.97 and a 52 week high of $13.41.

Several research firms recently commented on CWST. Zacks Investment Research lowered Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 9th. First Analysis lowered Casella Waste Systems from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Friday, December 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (up from $13.50) on shares of Casella Waste Systems in a research note on Thursday, December 8th. Finally, Wedbush upped their target price on Casella Waste Systems from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Casella Waste Systems has a consensus rating of “Buy” and a consensus price target of $13.60.

In other news, Director Gregory B. Peters sold 2,000 shares of Casella Waste Systems stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $12.77, for a total value of $25,540.00. Following the completion of the transaction, the director now owns 94,670 shares in the company, valued at $1,208,935.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edmond Coletta sold 8,248 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $12.22, for a total transaction of $100,790.56. Following the completion of the transaction, the insider now owns 158,538 shares of the company’s stock, valued at approximately $1,937,334.36. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by insiders.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.

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