Tygh Capital Management Inc. Sells 167,870 Shares of Casella Waste Systems Inc. (CWST)

Tygh Capital Management Inc. lessened its position in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,782 shares of the industrial products company’s stock after selling 167,870 shares during the quarter. Tygh Capital Management Inc. owned about 0.52% of Casella Waste Systems worth $5,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CWST. Schwab Charles Investment Management Inc. lifted its stake in shares of Casella Waste Systems by 18.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 84,100 shares of the industrial products company’s stock valued at $1,381,000 after acquiring an additional 13,000 shares during the period. Swiss National Bank increased its holdings in shares of Casella Waste Systems by 9.8% in the second quarter. Swiss National Bank now owns 65,800 shares of the industrial products company’s stock worth $1,080,000 after acquiring an additional 5,900 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Casella Waste Systems by 4.5% in the second quarter. Wells Fargo & Company MN now owns 183,125 shares of the industrial products company’s stock worth $3,004,000 after acquiring an additional 7,887 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Casella Waste Systems by 298.3% in the second quarter. Alliancebernstein L.P. now owns 46,200 shares of the industrial products company’s stock worth $758,000 after acquiring an additional 34,600 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Casella Waste Systems by 2.6% in the second quarter. Teachers Advisors LLC now owns 72,443 shares of the industrial products company’s stock worth $1,189,000 after acquiring an additional 1,821 shares in the last quarter. 77.99% of the stock is currently owned by institutional investors and hedge funds.

CWST has been the subject of a number of research reports. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, January 24th. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Finally, KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Two 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. The stock has a consensus rating of “Buy” and a consensus price target of $20.20.

In related news, VP Christopher Heald sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $20.25, for a total transaction of $30,375.00. Following the sale, the vice president now owns 71,451 shares in the company, valued at approximately $1,446,882.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edmond Coletta sold 13,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $19.60, for a total value of $254,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,591 shares of company stock worth $2,682,077. Corporate insiders own 11.47% of the company’s stock.

Casella Waste Systems Inc. (NASDAQ CWST) traded up $0.55 during trading on Wednesday, reaching $24.95. The company’s stock had a trading volume of 162,100 shares, compared to its average volume of 200,630. Casella Waste Systems Inc. has a 12-month low of $11.16 and a 12-month high of $27.38. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. The company has a market cap of $1,025.85, a price-to-earnings ratio of -19.30 and a beta of 0.79.

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Casella Waste Systems Profile

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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