Pcj Investment Counsel Ltd. Lowers stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Pcj Investment Counsel Ltd. reduced its stake in Canadian National Railway (USA) by 20.15% during the most recent quarter end. The investment management company now holds a total of 1,330,382 shares of Canadian National Railway (USA) which is valued at $78.2 Million after selling 335,690 shares in Canadian National Railway (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Canadian National Railway (USA) makes up approximately 4.73% of Pcj Investment Counsel Ltd.’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in CNI in the latest quarter, The investment management firm added 215,700 additional shares and now holds a total of 276,100 shares of Canadian National Railway (USA) which is valued at $16.2 Million. Canadian National Railway (USA) makes up approx 0.03% of Renaissance Technologies’s portfolio. Edmond De Rothschild (suisse) S.a. sold out all of its stake in CNI during the most recent quarter. The investment firm sold 3,200 shares of CNI which is valued $188,096.Whv Investments reduced its stake in CNI by selling 2,638,210 shares or 93.45% in the most recent quarter. The Hedge Fund company now holds 184,836 shares of CNI which is valued at $10.9 Million. Canadian National Railway (USA) makes up approx 5.96% of Whv Investments’s portfolio.Dillon Associates Inc boosted its stake in CNI in the latest quarter, The investment management firm added 3,286 additional shares and now holds a total of 83,181 shares of Canadian National Railway (USA) which is valued at $4.9 Million. Canadian National Railway (USA) makes up approx 2.32% of Dillon Associates Inc’s portfolio.Agf Investments reduced its stake in CNI by selling 380,448 shares or 19.73% in the most recent quarter. The Hedge Fund company now holds 1,548,282 shares of CNI which is valued at $92 Million. Canadian National Railway (USA) makes up approx 1.10% of Agf Investments’s portfolio.

Canadian National Railway (USA) opened for trading at $58.38 and hit $59.31 on the upside on Wednesday, eventually ending the session at $59.17, with a gain of 1.58% or 0.92 points. The heightened volatility saw the trading volume jump to 10,06,546 shares. Company has a market cap of $46,176 M.

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). Canadian National Railway (USA) was Initiated by Credit Agricole to “Sell” on May 19, 2016. 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 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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