Company shares last traded at $38.76 impressively higher than $30.35, the 50 day moving average and which is significantly above the 200 day moving average of $24.91. The 50 day moving average moved up $8.41 and the 200 day average was up $13.85. Trading was heavy with 1,008K shares changing hands on Tuesday. Volume was up 593.09% over the stocks average daily volume.
Traders are more bullish on shares of CAI International, Inc. of late as indicated by the motion in short interest. The firm recorded a fall in short interest of -9.90% as of the latest report on September 29, 2017. Short interest decreased 22,733 over that timeframe. The days to cover decreased to 1.0 and the short interest percentage is 0.01% as of September 29.
Here are a few substantial investment firms who have updated their positions. Ubs Group Ag cut its ownership by selling 316 shares a decrease of 83.4% in the quarter. Ubs Group Ag now holds 63 shares valued at $1,000. The total value of its holdings decreased 83.3%. Aristotle Capital Boston, LLC grew its stake by buying 15,869 shares an increase of 4.9%. Aristotle Capital Boston, LLC claims 337,029 shares with a value of $7,954,000. The value of the position overall is up by 57.3%.
As of quarter end Cutler Group LP had disposed of 500 shares trimming its stake by 28.0%. The value of the total investment in CAI International, Inc. decreased from $42,000 to $38,000 decreasing 9.5% quarter to quarter. Denali Advisors LLC divested its holdings by shedding 230 shares a decrease of 89.5% from 06/30/2017 to 09/30/2017. Denali Advisors LLC controls 27 shares worth $1,000. The total value of its holdings decreased 83.3%.
On October 23 the company was set at “Outperform” by Cowen & Co. up from the previous “” rating.
The P/E ratio is 56.58 and market cap is 743.03M. As of the last earnings report the EPS was $0.69 and is expected to be $2.56 for the current year with 19,170,000 shares outstanding. Next quarter’s EPS is expected be $0.80 with next year’s EPS anticipated to be $3.54.
CAI International, Inc., launched on January 30, 2007, is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics. In operating the Business’s fleet, it leases, re-leases and disposes equipment and contracts for the repair, repositioning and storage of equipment. The Company also provides domestic and international logistics services..