Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Holds Position in Canadian Natl Ry Co (CNI)

December 7, 2017 - By Marguerite Chambers

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp increased its stake in Canadian Natl Ry Co (CNI) by 14.5% based on its latest 2017Q2 regulatory filing with the SEC. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp bought 441,700 shares as the company’s stock rose 4.48% with the market. The institutional investor held 3.49 million shares of the railroads company at the end of 2017Q2, valued at $366.96 million, up from 3.05 million at the end of the previous reported quarter. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp who had been investing in Canadian Natl Ry Co for a number of months, seems to be bullish on the $60.23 billion market cap company. The stock increased 0.70% or $0.56 during the last trading session, reaching $80.06. About 965,721 shares traded. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since December 7, 2016 and is uptrending. It has outperformed by 13.33% the S&P500.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp, which manages about $10.63 billion US Long portfolio, decreased its stake in Milacron Hldgs Corp by 2.23 million shares to 3.57 million shares, valued at $62.81M in 2017Q2, according to the filing. It also reduced its holding in Brookfield Asset Mgmt Inc (NYSE:BAM) by 1.09 million shares in the quarter, leaving it with 2.68M shares, and cut its stake in Vail Resorts Inc (NYSE:MTN).

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Fool.ca which released: “RRSP Investors: Is Canadian National Railway Company a Top Pick?” on September 12, 2017, also Fool.ca with their article: “Canadian National Railway Company: Cancelled Energy East Pipeline an …” published on October 11, 2017, Fool.ca published: “Canadian National Railway Company’s Shares Could Soar After a Strong Q3” on October 25, 2017. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Fool.ca and their article: “RRSP Investors: 5 Reasons to Own Canadian National Railway Company” published on November 09, 2017 as well as Fool.ca‘s news article titled: “All Aboard! Canadian National Railway Company Is a Great Buy on Weakness” with publication date: August 04, 2017.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

Among 25 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 2 Sell and 13 Hold. Therefore 40% are positive. Canadian National Railway had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James upgraded the shares of CNI in report on Wednesday, January 4 to “Outperform” rating. The firm earned “Neutral” rating on Friday, October 28 by Seaport Global. The firm has “Overweight” rating by First Analysis given on Wednesday, January 27. The firm earned “Hold” rating on Thursday, June 15 by Stifel Nicolaus. The stock has “Buy” rating by Desjardins Securities on Wednesday, October 28. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, April 26. On Wednesday, October 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating by Cowen & Co on Friday, September 29. The company was maintained on Friday, September 22 by Cowen & Co. The rating was initiated by Atlantic Securities with “Buy” on Thursday, August 11.

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