Saybrook Capital Nc Lowers stake in Norfolk Southern Corp. (NSC)

Norfolk Southern Corp. (NSC) : Saybrook Capital Nc reduced its stake in Norfolk Southern Corp. by 1.46% during the most recent quarter end. The investment management company now holds a total of 47,219 shares of Norfolk Southern Corp. which is valued at $4,225,156 after selling 700 shares in Norfolk Southern Corp. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Norfolk Southern Corp. makes up approximately 2.65% of Saybrook Capital Nc’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors boosted its stake in NSC in the latest quarter, The investment management firm added 1,638 additional shares and now holds a total of 7,155 shares of Norfolk Southern Corp. which is valued at $640,229. Norfolk Southern Corp. makes up approx 0.22% of Ropes Wealth Advisors’s portfolio.Calvert Investment Management boosted its stake in NSC in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 23,226 shares of Norfolk Southern Corp. which is valued at $2,064,327. Norfolk Southern Corp. makes up approx 0.10% of Calvert Investment Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in NSC in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 58,965 shares of Norfolk Southern Corp. which is valued at $5,208,378. Norfolk Southern Corp. makes up approx 0.11% of Oregon Public Employees Retirement Fund’s portfolio. Wcg Management sold out all of its stake in NSC during the most recent quarter. The investment firm sold 24,302 shares of NSC which is valued $2,146,596.Ls Investment Advisors boosted its stake in NSC in the latest quarter, The investment management firm added 164 additional shares and now holds a total of 13,397 shares of Norfolk Southern Corp. which is valued at $1,232,658. Norfolk Southern Corp. makes up approx 0.08% of Ls Investment Advisors’s portfolio.

Norfolk Southern Corp. opened for trading at $88.86 and hit $89.64 on the upside on Monday, eventually ending the session at $88.92, with a gain of 0.63% or 0.56 points. The heightened volatility saw the trading volume jump to 7,80,377 shares. Company has a market cap of $26,102 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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