Calamos Wealth Management LLC Decreases Holdings in CSX Co. (NASDAQ:CSX)

Calamos Wealth Management LLC reduced its position in CSX Co. (NASDAQ:CSX) by 94.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,126 shares of the transportation company’s stock after selling 360,608 shares during the period. Calamos Wealth Management LLC’s holdings in CSX were worth $649,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valley Wealth Managers Inc. raised its holdings in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares during the period. Morton Brown Family Wealth LLC bought a new position in CSX during the 3rd quarter valued at $31,000. Addison Advisors LLC lifted its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares during the period. Fortitude Family Office LLC grew its holdings in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in CSX in the fourth quarter worth about $41,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Raymond James restated an “outperform” rating and issued a $37.00 price objective (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Susquehanna lowered their target price on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.87 on Wednesday. The firm has a market capitalization of $63.39 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.90 and a beta of 1.23. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The business has a fifty day simple moving average of $33.25 and a 200 day simple moving average of $33.89. 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 (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Sell-side analysts expect that CSX Co. will post 1.88 EPS for the current year.

CSX 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.