Connor Clark Lunn Investment Management Ltd. Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Connor Clark Lunn Investment Management Ltd. reduced its stake in Canadian National Railway (USA) by 5.99% during the most recent quarter end. The investment management company now holds a total of 7,589,061 shares of Canadian National Railway (USA) which is valued at $478,793,858 after selling 483,498 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Canadian National Railway (USA) makes up approximately 3.29% of Connor Clark Lunn Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Carderock Capital Management Inc reduced its stake in CNI by selling 1,045 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 22,539 shares of CNI which is valued at $1,421,986. Canadian National Railway (USA) makes up approx 0.74% of Carderock Capital Management Inc’s portfolio.Trust Investment Advisors reduced its stake in CNI by selling 700 shares or 7.68% in the most recent quarter. The Hedge Fund company now holds 8,420 shares of CNI which is valued at $534,923. Canadian National Railway (USA) makes up approx 0.60% of Trust Investment Advisors’s portfolio.Northstar Investment Advisors reduced its stake in CNI by selling 1,135 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 93,657 shares of CNI which is valued at $5,802,051. Canadian National Railway (USA) makes up approx 1.33% of Northstar Investment Advisors’s portfolio. Sg Americas Securities sold out all of its stake in CNI during the most recent quarter. The investment firm sold 17,500 shares of CNI which is valued $1,089,550.Montrusco Bolton Investments reduced its stake in CNI by selling 93,170 shares or 21.92% in the most recent quarter. The Hedge Fund company now holds 331,945 shares of CNI which is valued at $21,022,077. Canadian National Railway (USA) makes up approx 1.28% of Montrusco Bolton Investments’s portfolio.

Canadian National Railway (USA) opened for trading at $64.19 and hit $64.67 on the upside on Thursday, eventually ending the session at $64.67, with a gain of 0.56% or 0.36 points. The heightened volatility saw the trading volume jump to 6,37,650 shares. Company has a market cap of $50,009 M.

On the company’s financial health, Canadian National Railway (USA) reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.04. The company had revenue of $2842.00 million for the quarter, compared to analysts expectations of $2896.90 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $67 .Canadian National Railway (USA) was Upgraded by Raymond James to ” Outperform” on Jul 26, 2016. Argus Initiated Canadian National Railway (USA) on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $73.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20000 route miles of track spans Canada and mid-America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert (British Columbia) Montreal Halifax New Orleans and Mobile (Alabama) and the metropolitan areas of Toronto Buffalo Chicago Detroit Duluth (Minnesota)/Superior (Wisconsin) Green Bay (Wisconsin) Minneapolis/St. Paul Memphis and Jackson (Mississippi) with connections to all points in North America.

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