Wolverine Asset Management LLC Position in Norfolk Southern Corp (NSC) Has Trimmed by $141.95 Million

January 22, 2018 - By Migdalia James

Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.04, from 0.87 in 2017Q2. It dived, as 44 investors sold NSC shares while 341 reduced holdings. 79 funds opened positions while 239 raised stakes. 201.79 million shares or 1.34% more from 199.13 million shares in 2017Q2 were reported. Washington Capital holds 2.78% or 19,775 shares in its portfolio. Moreover, Bahl Gaynor has 0.01% invested in Norfolk Southern Corporation (NYSE:NSC) for 9,523 shares. Cibc Ww Markets Corp owns 0.05% invested in Norfolk Southern Corporation (NYSE:NSC) for 41,984 shares. Ferguson Wellman Cap Management Inc reported 0.01% in Norfolk Southern Corporation (NYSE:NSC). Kistler accumulated 1,105 shares or 0.06% of the stock. Investment Counselors Of Maryland Limited Liability Com has 400 shares for 0% of their portfolio. Duff Phelps Invest invested 0.06% in Norfolk Southern Corporation (NYSE:NSC). Hyman Charles D has 1.62% invested in Norfolk Southern Corporation (NYSE:NSC) for 98,383 shares. Moreover, Riverpoint Management Limited Liability has 0.03% invested in Norfolk Southern Corporation (NYSE:NSC). State Bank Inc owns 2,179 shares or 0.11% of their US portfolio. Arcadia Inv Mgmt Mi has 0.01% invested in Norfolk Southern Corporation (NYSE:NSC) for 315 shares. 1832 Asset Mngmt Limited Partnership holds 1,684 shares. Glg Ltd Liability Corp has invested 0.25% in Norfolk Southern Corporation (NYSE:NSC). Advisory Networks Ltd Llc stated it has 0.16% in Norfolk Southern Corporation (NYSE:NSC). Centers Of America Inc reported 9,631 shares.

Since August 15, 2017, it had 0 insider purchases, and 4 insider sales for $3.72 million activity. Hurlbut Thomas E sold $35,640 worth of stock. Squires James A sold 24,407 shares worth $2.93 million.

Wolverine Asset Management Llc decreased its stake in Norfolk Southern Corp (NSC) by 81.17% based on its latest 2017Q3 regulatory filing with the SEC. Wolverine Asset Management Llc sold 1.08 million shares as the company’s stock declined 7.75% while stock markets rallied. The hedge fund held 249,505 shares of the railroads company at the end of 2017Q3, valued at $32.99M, down from 1.32M at the end of the previous reported quarter. Wolverine Asset Management Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $43.19 billion market cap company. The stock decreased 0.31% or $0.47 during the last trading session, reaching $150.93. About 1.23 million shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since January 22, 2017 and is uptrending. It has outperformed by 17.62% the S&P500.

Wolverine Asset Management Llc, which manages about $6.60B and $9.03 billion US Long portfolio, upped its stake in Silver Run Acquisition by 370,994 shares to 387,325 shares, valued at $3.94M in 2017Q3, according to the filing. It also increased its holding in Pennymac Mtg Invt Tr (NYSE:PMT) by 467,858 shares in the quarter, for a total of 906,457 shares, and has risen its stake in Intl Paper Co (Put) (NYSE:IP).

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on January, 24. They expect $1.55 EPS, up 9.15 % or $0.13 from last year’s $1.42 per share. NSC’s profit will be $443.53 million for 24.34 P/E if the $1.55 EPS becomes a reality. After $1.75 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts -11.43 % negative EPS growth.

More recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Seekingalpha.com which released: “Norfolk Southern Screams Higher” on December 27, 2017. Also Roanoke.com published the news titled: “Judge rejects Norfolk Southern’s legal bid to avoid Roanoke stormwater fee” on December 26, 2017. Usnews.com‘s news article titled: “Norfolk Southern Pushing for ‘More Stable’ Rail Service in 2018: CEO” with publication date: January 18, 2018 was also an interesting one.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 6 Sell and 17 Hold. Therefore 23% are positive. Norfolk Southern Corp. has $186.0 highest and $74 lowest target. $125.33’s average target is -16.96% below currents $150.93 stock price. Norfolk Southern Corp. had 87 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, October 26. Cowen & Co maintained the shares of NSC in report on Thursday, January 26 with “Outperform” rating. The firm has “Buy” rating by Argus Research given on Wednesday, November 2. As per Monday, October 5, the company rating was maintained by Cowen & Co. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Buy” rating by Cowen & Co on Tuesday, September 12. The firm has “Hold” rating by BMO Capital Markets given on Thursday, November 30. TD Securities maintained the shares of NSC in report on Friday, April 28 with “Hold” rating. The firm has “Neutral” rating given on Monday, January 9 by Seaport Global. The firm has “Sell” rating by RBC Capital Markets given on Tuesday, January 9. Robert W. Baird maintained it with “Hold” rating and $136.0 target in Thursday, October 5 report.

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