Connors Investor Services INC Has Raised Its Csx (CSX) Stake by $8.48 Million

July 14, 2018 - By Mona Holcomb

CSX Corporation (NASDAQ:CSX) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.08, from 0.8 in 2017Q4. It is negative, as 79 investors sold CSX shares while 328 reduced holdings. 93 funds opened positions while 199 raised stakes. 596.64 million shares or 1.03% less from 602.87 million shares in 2017Q4 were reported. Bb&T Ltd holds 0.13% or 209,841 shares. Eii Management accumulated 3,420 shares. Alpine Woods Capital Invsts Ltd Llc holds 0.06% or 20,000 shares in its portfolio. Kanawha Capital Mgmt Limited Com stated it has 4,192 shares. 4,780 are held by Davis R M Incorporated. London Of Virginia has 0.02% invested in CSX Corporation (NASDAQ:CSX). Penobscot Investment owns 0.67% invested in CSX Corporation (NASDAQ:CSX) for 50,350 shares. Blb&B Ltd Liability invested in 61,212 shares or 0.46% of the stock. Altfest L J Co Inc accumulated 10,427 shares. Exxonmobil Mngmt Tx accumulated 135,827 shares or 0.22% of the stock. Proshare Advsr Lc invested 0.23% of its portfolio in CSX Corporation (NASDAQ:CSX). Moreover, Key (Cayman) has 0.15% invested in CSX Corporation (NASDAQ:CSX) for 40,000 shares. Putnam Invs Llc accumulated 12,967 shares or 0% of the stock. Aspen Inv Management holds 22,240 shares. Pennsylvania-based Pitcairn has invested 0.12% in CSX Corporation (NASDAQ:CSX).

Since May 2, 2018, it had 1 buy, and 0 selling transactions for $299,550 activity.

Connors Investor Services Inc increased its stake in Csx (CSX) by 1125.95% based on its latest 2018Q1 regulatory filing with the SEC. Connors Investor Services Inc bought 154,255 shares as the company’s stock rose 15.07% while stock markets declined. The institutional investor held 167,955 shares of the railroads company at the end of 2018Q1, valued at $9.36 million, up from 13,700 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Csx for a number of months, seems to be bullish on the $56.64 billion market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $64.71. About 4.82M shares traded. CSX Corporation (NYSE:CSX) has risen 20.25% since July 14, 2017 and is uptrending. It has outperformed by 7.68% the S&P500.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Bizjournals.com which released: “CSX adds to executive team” on July 10, 2018, also Forbes.com with their article: “What To Watch For In CSX Corporation’s Q2?” published on July 13, 2018, Bizjournals.com published: “Federal investigators review CSX, Amtrak collision” on July 10, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Bizjournals.com and their article: “Atlanta Beltline officials seek to acquire a new two-mile segment in Westside” published on July 11, 2018 as well as Bizjournals.com‘s news article titled: “Brightline hires CSX exec as Orlando-to-Tampa high-speed rail plans heat up” with publication date: July 12, 2018.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Among 15 analysts covering CSX Corp (NYSE:CSX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. CSX Corp has $79 highest and $47 lowest target. $66.73’s average target is 3.12% above currents $64.71 stock price. CSX Corp had 27 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, June 25 with “Buy”. UBS maintained CSX Corporation (NASDAQ:CSX) rating on Wednesday, January 17. UBS has “Buy” rating and $72.0 target. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, April 18. As per Friday, March 2, the company rating was maintained by UBS. The stock of CSX Corporation (NASDAQ:CSX) earned “Buy” rating by RBC Capital Markets on Wednesday, April 18. The firm earned “Buy” rating on Wednesday, January 17 by Robert W. Baird. The rating was upgraded by Goldman Sachs on Monday, May 14 to “Hold”. Susquehanna maintained CSX Corporation (NASDAQ:CSX) on Friday, March 2 with “Buy” rating. As per Friday, March 2, the company rating was maintained by Morgan Stanley. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, April 18 report.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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