Calamos Advisors LLC Cuts Stock Position in CSX Co. (NASDAQ:CSX)

Calamos Advisors LLC reduced its position in CSX Co. (NASDAQ:CSX) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,573,189 shares of the transportation company’s stock after selling 213,772 shares during the period. Calamos Advisors LLC’s holdings in CSX were worth $50,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Avior Wealth Management LLC lifted its stake in CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after buying an additional 306 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after purchasing an additional 306 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of CSX by 0.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 309 shares in the last quarter. Finally, Associated Banc Corp raised its holdings in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus cut their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, January 10th. Royal Bank of Canada lowered their target price on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird reduced their price target on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Trading Down 1.1 %

Shares of CSX stock opened at $32.51 on Tuesday. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The firm’s 50 day moving average is $33.33 and its 200 day moving average is $33.90. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $62.69 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. Equities research analysts forecast that CSX Co. will post 1.88 earnings per share for the current fiscal year.

About CSX

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.