Calamos Advisors LLC Trims Holdings in CSX Co. (NASDAQ:CSX)

Calamos Advisors LLC lowered its stake in shares of CSX Co. (NASDAQ:CSX) by 12.0% during the fourth quarter, Holdings Channel reports. The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Valley Wealth Managers Inc. boosted its stake in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX during the 3rd quarter valued at approximately $31,000. Addison Advisors LLC grew its holdings in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares during the last quarter. Fortitude Family Office LLC raised its position in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in CSX in the 4th quarter valued at approximately $41,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Down 1.1 %

NASDAQ:CSX opened at $32.51 on Tuesday. The stock’s 50-day moving average is $33.33 and its two-hundred day moving average is $33.90. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market cap 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 Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

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

Analysts Set New Price Targets

Several equities analysts recently commented on CSX shares. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $34.00 in a research note on Monday. TD Cowen lowered their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Stephens reaffirmed an “overweight” rating and issued a $38.00 price target on shares of CSX in a report on Friday, January 24th. Finally, Citigroup cut their target price on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Profile

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.