Gibraltar Capital Management buys $4,226,901 stake in CSX Corporation (CSX)

CSX Corporation (CSX) : Gibraltar Capital Management scooped up 17,239 additional shares in CSX Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 153,538 shares of CSX Corporation which is valued at $4,226,901.CSX Corporation makes up approximately 5.52% of Gibraltar Capital Management’s portfolio.

CSX Corporation opened for trading at $27 and hit $27.62 on the upside on Friday, eventually ending the session at $27.53, with a gain of 2.72% or 0.73 points. The heightened volatility saw the trading volume jump to 1,26,16,733 shares. Company has a market cap of $26,315 M.

Other Hedge Funds, Including , Oliver Luxxe Assets sold out all of its stake in CSX during the most recent quarter. The investment firm sold 11,885 shares of CSX which is valued $327,194.Northstar Group boosted its stake in CSX in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 8,995 shares of CSX Corporation which is valued at $233,240. CSX Corporation makes up approx 0.18% of Northstar Group’s portfolio.Carnegie Capital Asset Management boosted its stake in CSX in the latest quarter, The investment management firm added 141,343 additional shares and now holds a total of 261,570 shares of CSX Corporation which is valued at $6,782,510. CSX Corporation makes up approx 1.03% of Carnegie Capital Asset Management’s portfolio.First Premier Bank boosted its stake in CSX in the latest quarter, The investment management firm added 973 additional shares and now holds a total of 83,995 shares of CSX Corporation which is valued at $2,060,397. CSX Corporation makes up approx 1.66% of First Premier Bank’s portfolio.

On the company’s financial health, CSX Corporation reported $0.37 EPS for the quarter, based on the information available during the earnings call on Apr 12, 2016. Analyst had a consensus estimate of $0.37. The company had revenue of $2618.00 million for the quarter, compared to analysts expectations of $2680.81 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on CSX Corporation. Company shares were Reiterated by Cowen on Apr 14, 2016 to “Market Perform”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .CSX Corporation was Downgraded by Morgan Stanley to ” Underweight” on Feb 23, 2016. CSX Corporation was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 2016.

CSX Corporation (CSX) together with its subsidiaries is a transportation company. The Company provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business coal business and the intermodal business. The Company’s merchandise business transports aggregates (which include crushed stone sand and gravel) metal phosphate fertilizer food consumer (manufactured goods and appliances) agricultural automotive paper and chemical products. Its coal business transports domestic coal coke and iron ore to electricity-generating power plants steel manufacturers and industrial plants as well as export coal to deep-water port facilities. Through a network of around 50 terminals the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers providing truck-like services for longer shipments.

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