Calamos Advisors LLC Lowers Stake in CSX Co. (NASDAQ:CSX)

Calamos Advisors LLC cut its holdings in CSX Co. (NASDAQ:CSX) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,189 shares of the transportation company’s stock after selling 213,772 shares during the quarter. Calamos Advisors LLC owned 0.08% of CSX worth $50,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSX. Czech National Bank increased its stake in shares of CSX by 6.0% during the third quarter. Czech National Bank now owns 394,942 shares of the transportation company’s stock worth $13,637,000 after buying an additional 22,356 shares during the period. GAMMA Investing LLC lifted its holdings in shares of CSX by 63.1% in the third quarter. GAMMA Investing LLC now owns 30,306 shares of the transportation company’s stock valued at $1,046,000 after purchasing an additional 11,730 shares in the last quarter. Value Partners Investments Inc. lifted its stake in shares of CSX by 7.2% during the 3rd quarter. Value Partners Investments Inc. now owns 58,257 shares of the transportation company’s stock worth $2,012,000 after purchasing an additional 3,894 shares during the period. Threadgill Financial LLC boosted its holdings in CSX by 1.7% in the third quarter. Threadgill Financial LLC now owns 26,107 shares of the transportation company’s stock valued at $901,000 after acquiring an additional 433 shares during the last quarter. Finally, Greenfield Savings Bank purchased a new position in CSX in the third quarter valued at about $217,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Susquehanna lowered their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Loop Capital downgraded CSX from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $34.00 in a report on Monday. Citigroup reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, Robert W. Baird dropped their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Trading Down 1.1 %

Shares of CSX stock opened at $32.51 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The stock has a market cap of $62.69 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The stock has a 50 day simple moving average of $33.33 and a 200 day simple moving average of $33.90.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts predict that CSX Co. will post 1.88 earnings per share for the current fiscal year.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.