Traders See Bullish Options Activity CSX Corporation

 Traders See Bullish Options Activity CSX Corporation

In today’s session CSX Corporation (CSX) registered an unusually high (504) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CSX increase. With 504 contracts traded and 15564 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSX161216C00032000 closed last at: $3.25 or 9.4% up. About 646,148 shares traded hands. CSX Corporation (NASDAQ:CSX) has risen 25.39% since April 26, 2016 and is uptrending. It has outperformed by 20.13% the S&P500.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on January, 10. They expect $0.47 EPS, down 2.08% or $0.01 from last year’s $0.48 per share. CSX’s profit will be $433.76 million for 18.49 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Out of 6 analysts covering CSX Corp (NASDAQ:CSX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $33 is the highest target while $25.0 is the lowest. The $27.90 average target is -19.74% below today’s ($34.76) stock price. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. On Tuesday, February 23 the stock rating was upgraded by Bank of America to “Buy”. Cowen & Co maintained it with “Market Perform” rating and $25.0 target price in Thursday, January 14 report. The firm earned “Outperform” rating on Thursday, January 14 by RBC Capital Markets. The firm has “Buy” rating by Argus Research given on Tuesday, January 19.

According to Zacks Investment Research, “CSX Corporation’s unique combination of rail, container-shipping, intermodal and logistics services provides global reach that’s second to none. The company’s goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.01, from 0.95 in 2016Q1. The ratio fall, as 53 funds sold all CSX Corporation shares owned while 275 reduced positions. 64 funds bought stakes while 246 increased positions. They now own 639.14 million shares or 2.82% less from 657.68 million shares in 2016Q1.
Marshall Wace Llp holds 2.97M shares or 0.65% of its portfolio. Cubist Systematic Strategies Lc last reported 0.07% of its portfolio in the stock. Camelot Portfolios Ltd Co owns 41,920 shares or 0.64% of their US portfolio. The Virginia-based Thompson Siegel Walmsley Limited Com has invested 0% in CSX Corporation (NASDAQ:CSX). Communication Of Vermont reported 23,710 shares or 0.08% of all its holdings. Delta Asset Limited Liability Co Tn has 0% invested in the company for 800 shares. Ghp Investment Advsrs holds 0.39% of its portfolio in CSX Corporation (NASDAQ:CSX) for 70,008 shares. Sg Americas Ltd Liability has 66,063 shares for 0.01% of their US portfolio. Moreover, Patten has 0% invested in CSX Corporation (NASDAQ:CSX) for 1,150 shares. Fukoku Mutual Life Ins accumulated 5,420 shares or 0.03% of the stock. Nbt Savings Bank N A accumulated 7,915 shares or 0.04% of the stock. Loring Wolcott And Coolidge Fiduciary Llp Ma has invested 0% of its portfolio in CSX Corporation (NASDAQ:CSX). Shelton Cap Management holds 0.16% of its portfolio in CSX Corporation (NASDAQ:CSX) for 69,042 shares. Teacher Retirement Sys Of Texas reported 628,739 shares or 0.11% of all its holdings. Lenox Wealth Inc has invested 0.03% of its portfolio in CSX Corporation (NASDAQ:CSX).

Insider Transactions: Since September 26, 2016, the stock had 0 insider buys, and 4 sales for $10.80 million net activity. WARD MICHAEL J also sold $9.29 million worth of CSX Corporation (NASDAQ:CSX) shares. GOODEN CLARENCE W sold $499,999 worth of stock or 16,129 shares.

CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $32.08 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 19.35 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.

CSX Company Profile

CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.

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