Paloma Partners Management Co Grows Stock Position in CarMax, Inc (NYSE:KMX) – Riverton Roll
Paloma Partners Management Co increased its holdings in shares of CarMax, Inc (NYSE:KMX) by 139.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wedbush increased their target price on CarMax from $65.00 to $80.00 and gave the company an “average” rating in a research note on Monday, June 24th. Northcoast Research lowered CarMax from a “buy” rating to a “neutral” rating and set a $86.50 target price for the company. In related news, COO Edwin J. Hill sold 81,959 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th.