Gareth Morgan Investments Limited Partnership Position in Csx Corp (CSX) Lowered by $5.66 Million

August 11, 2017 - By Henry Gaston

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.04, from 0.94 in 2016Q3. It is negative, as 43 investors sold CSX shares while 320 reduced holdings. 114 funds opened positions while 214 raised stakes. 649.07 million shares or 2.31% more from 634.41 million shares in 2016Q3 were reported. Ifc Hldg Fl holds 0.06% or 16,343 shares in its portfolio. Dnb Asset Management As has invested 0% in CSX Corporation (NASDAQ:CSX). Akre Ltd has invested 0.03% in CSX Corporation (NASDAQ:CSX). Cullinan Assoc reported 87,380 shares stake. 58,900 were reported by Louisiana State Employees Retirement Systems. Massachusetts-based Winslow Evans Crocker Inc has invested 0% in CSX Corporation (NASDAQ:CSX). Blair William And Il stated it has 9,787 shares or 0% of all its holdings. 1,294 are held by Tci Wealth. Dixon Hubard Feinour And Brown Va holds 6,734 shares. Tarbox Gp reported 225 shares. Whittier owns 31,534 shares. Hl Svcs Ltd Liability Co reported 82,241 shares or 0.06% of all its holdings. California Employees Retirement Systems reported 0.15% in CSX Corporation (NASDAQ:CSX). Crestpoint Cap Ltd Liability has 0.15% invested in CSX Corporation (NASDAQ:CSX). Primecap Mngmt Ca holds 4.96M shares or 0.18% of its portfolio.

Since March 7, 2017, it had 0 insider buys, and 1 sale for $84.00 million activity. Another trade for 1.73 million shares valued at $84.00 million was sold by Mantle Ridge LP.

Gareth Morgan Investments Limited Partnership decreased its stake in Csx Corp (CSX) by 31.88% based on its latest 2016Q4 regulatory filing with the SEC. Gareth Morgan Investments Limited Partnership sold 161,757 shares as the company’s stock rose 3.79% with the market. The institutional investor held 345,678 shares of the railroads company at the end of 2016Q4, valued at $12.42 million, down from 507,435 at the end of the previous reported quarter. Gareth Morgan Investments Limited Partnership who had been investing in Csx Corp for a number of months, seems to be less bullish one the $45.92 billion market cap company. The stock rose 0.88% or $0.44 reaching $50.28. About 3.05 million shares traded. CSX Corporation (NYSE:CSX) has risen 97.18% since August 11, 2016 and is uptrending. It has outperformed by 80.48% the S&P500.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Seekingalpha.com which released: “CSX Corporation’s (CSX) CEO Hunter Harrison on Q2 2017 Results – Earnings Call …” on July 20, 2017, also Bizjournals.com with their article: “CSX second quarter earnings exceed expectations” published on July 18, 2017, Seekingalpha.com published: “Beware Of Overconfidence In CSX” on July 14, 2017. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Seekingalpha.com and their article: “CSX apology for service disruptions includes blame on employee pushback” published on August 01, 2017 as well as Seekingalpha.com‘s news article titled: “Has The CSX Story Ended?” with publication date: July 25, 2017.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Among 25 analysts covering CSX Corporation (NYSE:CSX), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. CSX Corporation had 70 analyst reports since August 13, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $27 target in Friday, February 19 report. The firm has “Neutral” rating given on Thursday, August 11 by Atlantic Securities. The company was downgraded on Friday, July 15 by Stifel Nicolaus. The stock has “Buy” rating by Citigroup on Tuesday, September 13. The rating was maintained by Bank of America with “Buy” on Tuesday, June 6. The rating was initiated by Seaport Global Securities with “Neutral” on Wednesday, October 19. On Thursday, May 19 the stock rating was initiated by CLSA with “Underperform”. Argus Research maintained it with “Buy” rating and $28 target in Tuesday, January 19 report. The stock of CSX Corporation (NASDAQ:CSX) has “Buy” rating given on Thursday, January 14 by BB&T Capital. The stock of CSX Corporation (NASDAQ:CSX) has “Market Outperform” rating given on Friday, February 10 by Avondale.

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