Wcg Management Exits Position in Norfolk Southern Corp. (NSC)

Norfolk Southern Corp. (NSC) : Wcg Management has sold out all of its stake in Norfolk Southern Corp. during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 24,302 shares of Norfolk Southern Corp. which is valued at $2,146,596.

Other Hedge Funds, Including , Smith Salley Associates boosted its stake in NSC in the latest quarter, The investment management firm added 3,011 additional shares and now holds a total of 32,570 shares of Norfolk Southern Corp. which is valued at $2,924,135. Norfolk Southern Corp. makes up approx 0.66% of Smith Salley Associates’s portfolio.Genesee Valley Trust Co reduced its stake in NSC by selling 334 shares or 12.37% in the most recent quarter. The Hedge Fund company now holds 2,365 shares of NSC which is valued at $213,181. Norfolk Southern Corp. makes up approx 0.14% of Genesee Valley Trust Co’s portfolio.Speece Thorson Capital Group Inc boosted its stake in NSC in the latest quarter, The investment management firm added 12,782 additional shares and now holds a total of 126,476 shares of Norfolk Southern Corp. which is valued at $11,400,547. Norfolk Southern Corp. makes up approx 2.45% of Speece Thorson Capital Group Inc’s portfolio.

Norfolk Southern Corp. closed down -0.13 points or -0.15% at $87.61 with 16,84,839 shares getting traded on Thursday. Post opening the session at $87.57, the shares hit an intraday low of $86.88 and an intraday high of $88.31 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Norfolk Southern Corp. reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.35. The company had revenue of $2454.00 million for the quarter, compared to analysts expectations of $2475.41 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Norfolk Southern Corp.. Norfolk Southern Corp. was Resumed by Morgan Stanley to “Underweight” on Jun 3, 2016. Norfolk Southern Corp. was Initiated by Credit Agricole to “Outperform” on May 19, 2016.

Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials intermediate products and finished goods primarily in the Southeast East and Midwest and through interchange with rail carriers to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.

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