CSX Corporation (CSX) : Keane Capital Partners added new position in CSX Corporation during the most recent quarter end. The investment management firm now holds 75,000 shares of CSX Corporation which is valued at $2,104,500 , the company said in a statement filed on Aug 15, 2016 with the SEC.CSX Corporation makes up approximately 4.58% of Keane Capital Partners’s portfolio.
Other Hedge Funds, Including , Jones Financial Companies Lllp reduced its stake in CSX by selling 12,638 shares or 30.53% in the most recent quarter. The Hedge Fund company now holds 28,758 shares of CSX which is valued at $806,949.Aull Monroe Investment Management Corp reduced its stake in CSX by selling 672 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 104,619 shares of CSX which is valued at $2,979,549. CSX Corporation makes up approx 1.68% of Aull Monroe Investment Management Corp’s portfolio.Cutter Co Brokerage reduced its stake in CSX by selling 492 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 40,808 shares of CSX which is valued at $1,150,786. CSX Corporation makes up approx 0.49% of Cutter Co Brokerage’s portfolio.
CSX Corporation closed down -0.1 points or -0.35% at $28.18 with 41,22,077 shares getting traded on Thursday. Post opening the session at $28.37, the shares hit an intraday low of $27.93 and an intraday high of $28.38 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, CSX Corporation reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.44. The company had revenue of $2670.00 million for the quarter, compared to analysts expectations of $2686.99 million. The company’s revenue was down -12.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on CSX Corporation. CSX Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on Jul 15, 2016. Company shares were Reiterated by Cowen on Jul 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .CSX Corporation was Downgraded by Stifel to ” Hold” on Jul 15, 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.