CSX Corporation Target of Unusually Large Options Trading (NASDAQ:CSX)

Cornelia Mascio
Settembre 19, 2017

The recent change has given its price a 1.73% lead over SMA 50 and -6.54% deficit over its 52-week high. Short shares grew from 21,972,680 to 22,875,366 over that period. Geode Capital Management LLC now owns 9,175,880 shares of the transportation company's stock valued at $426,540,000 after purchasing an additional 648,154 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of CSX Corporation during the first quarter worth $13,531,000. Blue Ridge Capital L.L.C. bought a new position in CSX Corporation in the 1st quarter valued at about $225,162,000. Westwood Holdings Group Inc. now owns 7,549 shares of the transportation company's stock worth $351,000 after purchasing an additional 49 shares during the period. Cantab Capital Partners Llp bolstered its position by buying 1,405 shares an increase of 5.1% in the quarter. The Company's online classifieds and listings platforms enable local merchants and clients to connect, share information and conduct business in China. Archford Capital Strategies LLC increased its position in CSX by 32.6% in the fourth quarter. The stock was purchased at an average price of $51.59 per share, for a total transaction of $70,007,630.00. North Star Investment Management Corp sold 29,798 shares as Csx Corp Com (CSX)'s stock rose 3.79%. Following the purchase, the director now owns 106 shares of the company's stock, valued at $5,468.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ILLEGAL ACTIVITY NOTICE: This piece was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & worldwide trademark & copyright legislation. Thrivent Financial For Lutherans now owns 4,769,577 shares of the transportation company's stock valued at $222,004,000 after acquiring an additional 3,415,705 shares during the period.

The company is now up by 0.77% percent from yesterday's close. The stock had a trading volume of 5,646,417 shares. The firm has a market cap of $47.36 billion, a PE ratio of 27.12 and a beta of 1.30. The stock has a 50 day moving average price of $50.04 and a 200-day moving average price of $50.66. The transportation company reported $0.64 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.05. CSX Corporation had a return on equity of 16.93% and a net margin of 15.46%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.85 billion.

Among 6 analysts covering CSX Corp (NASDAQ:CSX), 4 have Buy rating, 0 Sell and 2 Hold. CSX Corporation's quarterly revenue was up 8.5% compared to the same quarter past year. The stock grabbed 99 new institutional investments totaling 2,871,045 shares while 71 institutional investors sold out their entire positions totaling 8,683,973 shares. Additionally the company declared a dividend for shareholders which was paid on Friday the 15th of September 2017. The short-interest ratio increased to 4.0 and the short interest percentage is 0.02% as of August 31. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 1.48%. CSX Corporation's dividend payout ratio is now 41.88%.

CSX Corporation announced that its board has initiated a share repurchase plan on Tuesday, July 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 1% of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

A number of analysts have recently weighed in on the company. BidaskClub raised CSX Corporation from a "sell" rating to a "hold" rating in a research note on Tuesday, September 12th. TD Securities lowered their target price on shares of CSX Corporation from $64.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, July 20th. BMO Capital Markets reaffirmed a "buy" rating on shares of CSX Corporation in a research note on Wednesday, August 30th. Stifel Nicolaus reaffirmed a "hold" rating and set a $55.00 price objective (down from $57.00) on shares of CSX Corporation in a research note on Thursday, September 7th. Agf Investments Inc holds 0% of its portfolio in CSX Corporation (NASDAQ:CSX) for 268 shares. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock.

CSX Corporation, launched on November 15, 1978, is a transportation company.

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