Hap Trading LLC Has Cut Its Stake in Norfolk Southern Corp (NSC) by $172.47 Million as Market Valuation Declined

May 25, 2018 - By Louis Casey

Norfolk Southern Corporation (NYSE:NSC) LogoInvestors sentiment is 0.83 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. Fiduciary Tru Commerce reported 0.03% in Norfolk Southern Corporation (NYSE:NSC). Cornerstone Prtnrs Limited holds 0.06% or 19,290 shares in its portfolio. Wellington Group Inc Limited Liability Partnership accumulated 920,711 shares. Putnam Invests Ltd Liability Co reported 2.99M shares stake. Voloridge Invest Mngmt Ltd Liability Company holds 0.03% or 8,282 shares in its portfolio. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt has 0.05% invested in Norfolk Southern Corporation (NYSE:NSC). Rmb Capital Mngmt Ltd Liability Corporation, Illinois-based fund reported 2,325 shares. Moreover, Franklin Street Advsrs Inc Nc has 0.32% invested in Norfolk Southern Corporation (NYSE:NSC). 8,500 were reported by Numeric Investors Lc. Cadinha And Lc owns 1,680 shares or 0.03% of their US portfolio. Community Bancorp Of Raymore holds 1.22% or 20,800 shares in its portfolio. Pacific Global Invest Mngmt accumulated 3,081 shares. Roundview Ltd Liability holds 0.22% or 5,755 shares in its portfolio. Nikko Asset Management Americas reported 1,000 shares stake. Natixis invested 0.02% in Norfolk Southern Corporation (NYSE:NSC).

Since February 1, 2018, it had 0 buys, and 8 selling transactions for $4.08 million activity. Shares for $302,661 were sold by Wheeler Michael Joseph on Wednesday, May 16. Shares for $1.50 million were sold by Squires James A on Thursday, February 1. The insider Earhart Cynthia C sold $994,340.

Hap Trading Llc decreased its stake in Norfolk Southern Corp (NSC) by 78.17% based on its latest 2017Q4 regulatory filing with the SEC. Hap Trading Llc sold 1.20 million shares as the company’s stock declined 7.56% with the market. The institutional investor held 334,476 shares of the railroads company at the end of 2017Q4, valued at $48.47 million, down from 1.53 million at the end of the previous reported quarter. Hap Trading Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $43.23B market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $153. About 780,029 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since May 25, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Hap Trading Llc, which manages about $2.39 billion US Long portfolio, upped its stake in Automatic Data Processing In (NASDAQ:ADP) by 1.84 million shares to 1.86 million shares, valued at $218.40M in 2017Q4, according to the filing. It also increased its holding in Tempur Sealy Intl Inc (NYSE:TPX) by 371,862 shares in the quarter, for a total of 408,262 shares, and has risen its stake in Spdr S&P 500 Etf Tr (Call) (SPY).

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on July, 25. They expect $2.23 earnings per share, up 30.41 % or $0.52 from last year’s $1.71 per share. NSC’s profit will be $630.07M for 17.15 P/E if the $2.23 EPS becomes a reality. After $1.93 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 15.54 % EPS growth.

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Benzinga.com which released: “Stifel Rides The Rails, Initiates Seven Stocks” on May 24, 2018, also Seekingalpha.com with their article: “Norfolk Southern Keeps Impressing” published on May 05, 2018, Forbes.com published: “Higher Intermodal Freight Pricing Will Aid Norfolk Southern’s Overall Growth In The Near Term” on May 21, 2018. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Seekingalpha.com and their article: “Is Norfolk Southern’s Q1 Performance Sustainable?” published on May 14, 2018 as well as Prnewswire.com‘s news article titled: “Norfolk Southern and New York State usher in a modern era for freight rail with dedication of new railroad bridge – the …” with publication date: May 24, 2018.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Among 15 analysts covering Norfolk Southern (NYSE:NSC), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Norfolk Southern had 28 analyst reports since November 27, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 26 by UBS. The firm has “Sell” rating by Loop Capital given on Thursday, March 15. Susquehanna maintained the shares of NSC in report on Monday, April 2 with “Buy” rating. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Sector Outperform” rating by Scotia Capital on Friday, January 12. The firm has “Hold” rating given on Thursday, April 26 by Bernstein. Credit Suisse maintained the shares of NSC in report on Thursday, March 15 with “Outperform” rating. The company was maintained on Tuesday, January 16 by Susquehanna. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 25 report. Susquehanna maintained Norfolk Southern Corporation (NYSE:NSC) rating on Wednesday, January 24. Susquehanna has “Buy” rating and $181.0 target. The rating was maintained by Scotia Capital on Wednesday, April 25 with “Buy”.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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