Mawer Investment Management Ltd. Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Mawer Investment Management Ltd. reduced its stake in Canadian National Railway (USA) by 5.22% during the most recent quarter end. The investment management company now holds a total of 3,932,100 shares of Canadian National Railway (USA) which is valued at $242,060,076 after selling 216,712 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Canadian National Railway (USA) makes up approximately 2.76% of Mawer Investment Management Ltd.’s portfolio.

Canadian National Railway (USA) closed down -0.03 points or -0.05% at $61.53 with 9,47,738 shares getting traded on Monday. Post opening the session at $61.55, the shares hit an intraday low of $61.08 and an intraday high of $61.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Jones Collombin Investment Counsel Inc boosted its stake in CNI in the latest quarter, The investment management firm added 181,105 additional shares and now holds a total of 181,505 shares of Canadian National Railway (USA) which is valued at $11,173,448. Canadian National Railway (USA) makes up approx 3.09% of Jones Collombin Investment Counsel Inc’s portfolio. Raymond James Trust N.a. sold out all of its stake in CNI during the most recent quarter. The investment firm sold 3,798 shares of CNI which is valued $250,250.Neville Rodie Shaw Inc boosted its stake in CNI in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 18,516 shares of Canadian National Railway (USA) which is valued at $1,170,767. Canadian National Railway (USA) makes up approx 0.14% of Neville Rodie Shaw Inc’s portfolio.Exchange Capital Management reduced its stake in CNI by selling 1,811 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 78,446 shares of CNI which is valued at $4,960,141. Canadian National Railway (USA) makes up approx 2.11% of Exchange Capital Management’s portfolio.

On the company’s financial health, Canadian National Railway (USA) reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.93. The company had revenue of $2964.00 million for the quarter, compared to analysts expectations of $3010.69 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Company shares were Reiterated by Cowen on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $61.50 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $89 .Canadian National Railway (USA) was Downgraded by CIBC to ” Sector Perform” on Apr 26, 2016.

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.

Leave a Reply

Canadian National Railway (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Canadian National Railway (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.