Sentry Investments Corp. Lowers stake in CSX Corporation (CSX)

CSX Corporation (CSX) : Sentry Investments Corp. reduced its stake in CSX Corporation by 0.42% during the most recent quarter end. The investment management company now holds a total of 4,919,940 shares of CSX Corporation which is valued at $138,053,516 after selling 20,800 shares in CSX Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.CSX Corporation makes up approximately 1.85% of Sentry Investments Corp.’s portfolio.

Other Hedge Funds, Including , Wespac Advisors Socal sold out all of its stake in CSX during the most recent quarter. The investment firm sold 1,632 shares of CSX which is valued $45,794.New York State Common Retirement Fund boosted its stake in CSX in the latest quarter, The investment management firm added 80,800 additional shares and now holds a total of 2,633,700 shares of CSX Corporation which is valued at $73,901,622. CSX Corporation makes up approx 0.10% of New York State Common Retirement Fund’s portfolio.Modera Wealth Management reduced its stake in CSX by selling 3,780 shares or 32.63% in the most recent quarter. The Hedge Fund company now holds 7,804 shares of CSX which is valued at $222,258. CSX Corporation makes up approx 0.07% of Modera Wealth Management’s portfolio.Retirement Systems Of Alabama reduced its stake in CSX by selling 10,823 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 487,309 shares of CSX which is valued at $13,746,987. CSX Corporation makes up approx 0.08% of Retirement Systems Of Alabama’s portfolio.Huntington National Bank boosted its stake in CSX in the latest quarter, The investment management firm added 53,438 additional shares and now holds a total of 124,357 shares of CSX Corporation which is valued at $3,508,111. CSX Corporation makes up approx 0.09% of Huntington National Bank’s portfolio.

CSX Corporation opened for trading at $28.14 and hit $28.73 on the upside on Monday, eventually ending the session at $28.38, with a gain of 0.67% or 0.19 points. The heightened volatility saw the trading volume jump to 68,33,266 shares. Company has a market cap of $26,847 M.

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.

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