New England Research Management buys $1,562,003 stake in CSX Corporation (CSX)

CSX Corporation (CSX) : New England Research Management scooped up 9,550 additional shares in CSX Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 50,863 shares of CSX Corporation which is valued at $1,562,003.CSX Corporation makes up approximately 1.32% of New England Research Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CSX in the latest quarter, The investment management firm added 331,974 additional shares and now holds a total of 522,319 shares of CSX Corporation which is valued at $16,040,416. CSX Corporation makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in CSX in the latest quarter, The investment management firm added 259 additional shares and now holds a total of 3,644 shares of CSX Corporation which is valued at $111,907. CSX Corporation makes up approx 0.03% of Washington Trust Bank’s portfolio.Lynch Associatesin boosted its stake in CSX in the latest quarter, The investment management firm added 4,894 additional shares and now holds a total of 52,708 shares of CSX Corporation which is valued at $1,618,663. CSX Corporation makes up approx 0.72% of Lynch Associatesin’s portfolio.Cullinan Associates Inc boosted its stake in CSX in the latest quarter, The investment management firm added 9,955 additional shares and now holds a total of 87,779 shares of CSX Corporation which is valued at $2,695,693. CSX Corporation makes up approx 0.23% of Cullinan Associates Inc’s portfolio.

CSX Corporation closed down -0.26 points or -0.85% at $30.17 with 58,63,068 shares getting traded on Tuesday. Post opening the session at $30.48, the shares hit an intraday low of $30.15 and an intraday high of $30.66 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Leave a Reply

CSX Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on CSX Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.