Norfolk Southern Corp (NSC) Market Valuation Declined While Wolverine Asset Management LLC Decreased Its Stake

January 22, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.04, from 0.87 in 2017Q2. It turned negative, 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. Mufg Americas reported 20,574 shares stake. 3,780 are held by Baker Ellis Asset. Federated Pa reported 0.09% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Dimensional Fund L P, Texas-based fund reported 3.52 million shares. Argent Tru Commerce accumulated 2,772 shares. Loomis Sayles & Ltd Partnership has invested 0.09% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Pinnacle Fincl Prns accumulated 4,793 shares. Conning Incorporated stated it has 0.03% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Legal And General Gru Public Limited Com accumulated 0.17% or 1.66M shares. State Of Alaska Department Of Revenue owns 10,335 shares for 0.07% of their portfolio. Counselors Of Maryland Limited Com holds 400 shares. Tocqueville Asset Mngmt LP holds 1,554 shares. 1St Source Commercial Bank holds 47,165 shares. Tnb Fincl invested in 0.1% or 4,656 shares. Baystate Wealth Mngmt Limited Co has invested 0.01% in Norfolk Southern Corporation (NYSE:NSC).

Since August 15, 2017, it had 0 buys, and 4 insider sales for $3.72 million activity. Shares for $35,640 were sold by Hurlbut Thomas E on Tuesday, August 29. On Tuesday, August 15 Squires James A sold $2.93 million worth of Norfolk Southern Corporation (NYSE:NSC) or 24,407 shares.

Wolverine Asset Management Llc decreased its stake in Norfolk Southern Corp (NSC) by 81.17% based on its latest 2017Q3 regulatory filing with the SEC. Wolverine Asset Management Llc sold 1.08 million shares as the company’s stock declined 7.75% while stock markets rallied. The hedge fund held 249,505 shares of the railroads company at the end of 2017Q3, valued at $32.99M, down from 1.32M at the end of the previous reported quarter. Wolverine Asset Management Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $43.19 billion market cap company. The stock decreased 0.31% or $0.47 during the last trading session, reaching $150.93. About 1.23M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since January 22, 2017 and is uptrending. It has outperformed by 17.62% the S&P500.

Wolverine Asset Management Llc, which manages about $6.60 billion and $9.03 billion US Long portfolio, upped its stake in Vaneck Vectors Etf Tr (Put) by 737,200 shares to 756,200 shares, valued at $17.36 million in 2017Q3, according to the filing. It also increased its holding in Cisco Sys Inc (Put) (NASDAQ:CSCO) by 101,500 shares in the quarter, for a total of 172,000 shares, and has risen its stake in Encore Cap Group Inc (Prn).

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on January, 24. They expect $1.55 earnings per share, up 9.15 % or $0.13 from last year’s $1.42 per share. NSC’s profit will be $443.53 million for 24.34 P/E if the $1.55 EPS becomes a reality. After $1.75 actual earnings per share reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts -11.43 % negative EPS growth.

More recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Usnews.com which released: “Norfolk Southern Pushing for ‘More Stable’ Rail Service in 2018: CEO” on January 18, 2018. Also Roanoke.com published the news titled: “Judge rejects Norfolk Southern’s legal bid to avoid Roanoke stormwater fee” on December 26, 2017. Seekingalpha.com‘s news article titled: “Norfolk Southern Screams Higher” with publication date: December 27, 2017 was also an interesting one.

Norfolk Southern Corporation (NYSE:NSC) Ratings Coverage

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 6 Sell and 17 Hold. Therefore 23% are positive. Norfolk Southern Corp. has $186.0 highest and $74 lowest target. $125.33’s average target is -16.96% below currents $150.93 stock price. Norfolk Southern Corp. had 87 analyst reports since July 28, 2015 according to SRatingsIntel. Argus Research maintained it with “Buy” rating and $150 target in Tuesday, October 31 report. BMO Capital Markets maintained the shares of NSC in report on Thursday, June 1 with “Hold” rating. Morgan Stanley maintained the shares of NSC in report on Monday, October 2 with “Underweight” rating. Morgan Stanley maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, October 26 with “Underweight” rating. CLSA downgraded the shares of NSC in report on Tuesday, January 10 to “Underperform” rating. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Buy” rating given on Tuesday, January 16 by Susquehanna. Barclays Capital maintained the shares of NSC in report on Monday, April 11 with “Equal-Weight” rating. The rating was upgraded by Scotia Capital to “Sector Outperform” on Friday, January 12. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 2. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Sell” rating by RBC Capital Markets on Wednesday, July 26.

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