Brookstone Capital Management Buys New Holdings in CSRA Inc (CSRA)
Brookstone Capital Management bought a new position in shares of CSRA Inc (NYSE:CSRA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,724 shares of the technology company’s stock, valued at approximately $381,000.
Other large investors have also modified their holdings of the company. Iridian Asset Management LLC CT purchased a new stake in shares of CSRA in the 4th quarter valued at approximately $59,049,000. Wedge Capital Management L L P NC lifted its position in shares of CSRA by 2.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,513,118 shares of the technology company’s stock valued at $45,272,000 after acquiring an additional 40,157 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of CSRA by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,308,700 shares of the technology company’s stock valued at $42,231,000 after acquiring an additional 40,222 shares in the last quarter. Jennison Associates LLC lifted its position in shares of CSRA by 20.7% in the 4th quarter. Jennison Associates LLC now owns 1,145,856 shares of the technology company’s stock valued at $34,284,000 after acquiring an additional 196,304 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of CSRA by 84.9% in the 4th quarter. American Century Companies Inc. now owns 1,085,812 shares of the technology company’s stock valued at $32,487,000 after acquiring an additional 498,708 shares in the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.
Shares of CSRA Inc (CSRA) opened at $40.58 on Wednesday. CSRA Inc has a 12-month low of $27.38 and a 12-month high of $40.65. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $6,650.00 and a P/E ratio of 17.72.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.99%. CSRA’s payout ratio is 17.47%.
Several equities research analysts recently commented on CSRA shares. Zacks Investment Research downgraded shares of CSRA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Wells Fargo & Co upped their price target on shares of CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. TheStreet upgraded shares of CSRA from a “c” rating to a “b-” rating in a research report on Monday, December 4th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price target on shares of CSRA in a research report on Tuesday, November 21st. Finally, ValuEngine upgraded shares of CSRA from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. CSRA has a consensus rating of “Hold” and a consensus target price of $36.70.
CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.
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