Nuance Investments buys $4,623,546 stake in Norfolk Southern Corp. (NSC)

Norfolk Southern Corp. (NSC) : Nuance Investments scooped up 9,360 additional shares in Norfolk Southern Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 52,344 shares of Norfolk Southern Corp. which is valued at $4,623,546.Norfolk Southern Corp. makes up approximately 0.48% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Tokio Marine Asset Management Co Ltd reduced its stake in NSC by selling 784 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 8,430 shares of NSC which is valued at $759,880. Norfolk Southern Corp. makes up approx 0.08% of Tokio Marine Asset Management Co Ltd’s portfolio.New York State Teachers Retirement System reduced its stake in NSC by selling 232 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 549,649 shares of NSC which is valued at $50,573,204. Norfolk Southern Corp. makes up approx 0.13% of New York State Teachers Retirement System’s portfolio.Stewart Patten Co reduced its stake in NSC by selling 1,011 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 17,639 shares of NSC which is valued at $1,618,378. Norfolk Southern Corp. makes up approx 0.31% of Stewart Patten Co’s portfolio.Regentatlantic Capital reduced its stake in NSC by selling 2,318 shares or 15.7% in the most recent quarter. The Hedge Fund company now holds 12,443 shares of NSC which is valued at $1,141,645. Norfolk Southern Corp. makes up approx 0.11% of Regentatlantic Capital’s portfolio.

Norfolk Southern Corp. opened for trading at $89 and hit $90.47 on the upside on Monday, eventually ending the session at $89.52, with a gain of 0.72% or 0.64 points. The heightened volatility saw the trading volume jump to 12,73,294 shares. Company has a market cap of $26,279 M.

On the company’s financial health, Norfolk Southern Corp. reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.35. The company had revenue of $2454.00 million for the quarter, compared to analysts expectations of $2475.41 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Norfolk Southern Corp.. Norfolk Southern Corp. was Resumed by Morgan Stanley to “Underweight” on Jun 3, 2016. Norfolk Southern Corp. was Initiated by Credit Agricole to “Outperform” on May 19, 2016.

Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials intermediate products and finished goods primarily in the Southeast East and Midwest and through interchange with rail carriers to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.

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