Hbk Investments LP Position in Norfolk Southern Corp (NSC) Has Lowered by $3.84 Million

March 14, 2018 - By Dolores Ford

Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.04, from 0.87 in 2017Q2. It fall, as 44 investors sold NSC shares while 341 reduced holdings. 79 funds opened positions while 239 raised stakes. 201.79 million shares or 1.34% more from 199.13 million shares in 2017Q2 were reported. Delta Cap Mngmt Ltd Liability invested 1.7% in Norfolk Southern Corporation (NYSE:NSC). Buckingham Asset Management Limited Co reported 2,091 shares or 0.07% of all its holdings. Swiss National Bank stated it has 0.16% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Massachusetts-based Crestwood Advisors Group Lc has invested 0.04% in Norfolk Southern Corporation (NYSE:NSC). The Virginia-based Trust Of Virginia Va has invested 0.54% in Norfolk Southern Corporation (NYSE:NSC). Cwm Limited Liability Company reported 552 shares stake. Estabrook Cap Mgmt reported 61,346 shares or 1.26% of all its holdings. Old Second Bank Of Aurora, Illinois-based fund reported 24,067 shares. Schwab Charles Investment Mgmt has 1.01 million shares. 304,385 were accumulated by Guggenheim. Sei Invests invested 0.06% in Norfolk Southern Corporation (NYSE:NSC). Rothschild Prtnrs holds 0.17% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 2,729 shares. Lmr Ptnrs Llp holds 0.04% or 2,483 shares. Hendley & invested 2.9% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Cetera Advisor Network Ltd Liability Co accumulated 7,506 shares or 0.05% of the stock.

Since October 26, 2017, it had 0 buys, and 5 selling transactions for $2.43 million activity. Shares for $1.50M were sold by Squires James A. 467 shares were sold by Hurlbut Thomas E, worth $70,130.

David Costen Haley decreased its stake in Norfolk Southern Corp (NSC) by 6.28% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Investments LP sold 29,120 shares as the company’s stock declined 7.75% while stock markets rallied. The hedge fund run by David Costen Haley held 434,910 shares of the railroads company at the end of 2017Q3, valued at $57.51M, down from 464,030 at the end of the previous reported quarter. Hbk Investments LP who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $39.97 billion market cap company. The stock decreased 1.14% or $1.63 during the last trading session, reaching $140.75. About 401,883 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since March 14, 2017 and is uptrending. It has outperformed by 17.62% the S&P500.

Hbk Investments L P, which manages about $18.41B and $12.69 billion US Long portfolio, upped its stake in Forest City Rlty Tr Inc by 161,000 shares to 296,500 shares, valued at $7.56 million in 2017Q3, according to the filing. It also increased its holding in Vaneck Vectors Etf Tr (Call) by 2.00M shares in the quarter, for a total of 4.00 million shares, and has risen its stake in Leucadia Natl Corp (NYSE:LUK).

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on April, 25. They expect $1.85 earnings per share, up 25.00 % or $0.37 from last year’s $1.48 per share. NSC’s profit will be $525.40M for 19.02 P/E if the $1.85 EPS becomes a reality. After $1.69 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 9.47 % EPS growth.

More news for Norfolk Southern Corporation (NYSE:NSC) were recently published by: Wsj.com, which released: “Drones Are Watching: Railroad Irks Workers With Unmanned Aircraft” on March 14, 2018. Nasdaq.com‘s article titled: “Norfolk Southern (NSC) Stock Up 14% in 6 Months: Here’s Why” and published on March 07, 2018 is yet another important article.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 94 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Scotia Capital to “Hold” on Tuesday, July 28. The firm earned “Underperform” rating on Monday, November 2 by Macquarie Research. The firm has “Hold” rating by BMO Capital Markets given on Thursday, November 30. Credit Suisse maintained it with “Outperform” rating and $178 target in Thursday, January 25 report. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, October 29. RBC Capital Markets maintained it with “Sell” rating and $123.0 target in Wednesday, October 25 report. As per Wednesday, February 28, the company rating was maintained by Cowen & Co. The firm has “Hold” rating given on Friday, July 31 by Argus Research. BMO Capital Markets maintained the shares of NSC in report on Thursday, October 26 with “Market Perform” rating. Citigroup maintained it with “Neutral” rating and $97 target in Tuesday, September 13 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: