Edgepoint Investment Group Has Trimmed Its Holding in Csx Corp. (CSX) as Share Value Declined; Hsbc Holdings Plc Decreased Bank N S Halifax (BNS) Position by $5.73 Million as Stock Price Declined

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Edgepoint Investment Group Inc decreased its stake in Csx Corp. (CSX) by 4.26% based on its latest 2018Q3 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 433,253 shares as the company’s stock declined 8.10% with the market. The institutional investor held 9.73 million shares of the railroads company at the end of 2018Q3, valued at $720.46 million, down from 10.16 million at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Csx Corp. for a number of months, seems to be less bullish one the $55.90 billion market cap company. The stock increased 0.76% or $0.5 during the last trading session, reaching $66.2. About 4.35 million shares traded. CSX Corporation (NYSE:CSX) has risen 21.62% since February 2, 2018 and is uptrending. It has outperformed by 21.62% the S&P500. Some Historical CSX News: 30/05/2018 – CSX Corp Names James Schwichtenberg Chief Safety Officer; 15/05/2018 – CSX CFO CONCLUDES WEBCAST PRESENTATION; 18/04/2018 – CSX CORP CSX.O : CREDIT SUISSE RAISES TARGET PRICE TO $67 FROM $65; 05/03/2018 CSX Closes Above 50-Day Moving Average: Technicals; 18/04/2018 – Rail operator CSX tops profit estimates on cost-cutting boost; 15/05/2018 – TUDOR REDUCED JPM, ORCL, GIS, ROST, CSX IN 1Q: 13F; 17/04/2018 – CSX earnings jump with turnround efforts on track under new CEO; 16/03/2018 – More than 100 former employees sue CSX; 10/05/2018 – CSX CORP CSX.O : BAIRD RAISES TARGET PRICE TO $68 FROM $65; 09/05/2018 – CSX Presenting at Bank of America Conference May 15

Hsbc Holdings Plc decreased its stake in Bank N S Halifax (BNS) by 20.79% based on its latest 2018Q3 regulatory filing with the SEC. Hsbc Holdings Plc sold 97,108 shares as the company’s stock declined 5.88% with the market. The institutional investor held 369,965 shares of the major banks company at the end of 2018Q3, valued at $22.18 million, down from 467,073 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Bank N S Halifax for a number of months, seems to be less bullish one the $69.27B market cap company. The stock decreased 0.93% or $0.53 during the last trading session, reaching $56.41. About 626,934 shares traded. The Bank of Nova Scotia (NYSE:BNS) has declined 16.84% since February 2, 2018 and is downtrending. It has underperformed by 16.84% the S&P500. Some Historical BNS News: 12/04/2018 – SCOTIABANK ECONOMICS SEES CANADA REAL GDP GROWTH 2.2% IN 2018; 29/05/2018 – Scotiabank Extends Record Streak in International Banking; 10/04/2018 – SCOTIABANK SAYS MARKET NEEDS TIME TO ABSORB MORTGAGE CHANGES; 10/04/2018 – SCOTIABANK CEO PORTER SAYS NAFTA PRODUCED BENEFIT FOR 3 NATIONS; 14/05/2018 – Moody’s Upgrades Auto Abs Issued By Bank Of Nova Scotia; 08/05/2018 – BANK OF NOVA SCOTIA RAISES FIXED MORTGAGE RATES EFFECTIVE TODAY; 10/04/2018 – SCOTIABANK SAYS U.K. DISLOCATION WOULD NOT BE MATERIAL TO BANK; 10/04/2018 – SCOTIABANK CEO SAYS REMAINS OPTMISTIC THAT NAFTA AGREEMENT WILL BE REACHED IN THE NEAR FUTURE; 21/03/2018 – SCOTIABANK CEO OPTIMISTIC OF NAFTA DEAL BY APRIL OR MAY; 10/04/2018 – SCOTIABANK HAS BEEN `ADVOCATE’ OF CANADA MORTGAGE RULE CHANGES

Among 11 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. The Bank Of Nova Scotia had 24 analyst reports since August 4, 2015 according to SRatingsIntel. Dundee Securities initiated the stock with “Buy” rating in Wednesday, September 21 report. Canaccord Genuity maintained the shares of BNS in report on Tuesday, August 29 with “Buy” rating. The stock of The Bank of Nova Scotia (NYSE:BNS) earned “Hold” rating by Canaccord Genuity on Wednesday, August 29. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 31. The company was upgraded on Tuesday, May 23 by Barclays Capital. RBC Capital Markets maintained it with “Outperform” rating and $72 target in Wednesday, December 2 report. The stock of The Bank of Nova Scotia (NYSE:BNS) has “Buy” rating given on Tuesday, November 27 by IBC. As per Thursday, June 9, the company rating was downgraded by Macquarie Research. RBC Capital Markets maintained The Bank of Nova Scotia (NYSE:BNS) on Wednesday, August 31 with “Outperform” rating. The rating was maintained by Canaccord Genuity on Friday, August 28 with “Buy”.

More notable recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Seekingalpha.com which released: “Bank Of Nova Scotia Is Banking On Latin America – Seeking Alpha” on November 29, 2018, also Fool.ca with their article: “Which Is the Better Buy, CIBC (TSX:CM) or Scotiabank (TSX:BNS)? – The Motley Fool Canada” published on January 18, 2019, Fool.ca published: “Better Dividend Stock: Bank of Nova Scotia (TSX:BNS) or Bank of Montreal (TSX:BMO)? – The Motley Fool Canada” on December 14, 2018. More interesting news about The Bank of Nova Scotia (NYSE:BNS) were released by: Fool.ca and their article: “These 2 Banks Have Hit a Remarkable Buy Point – The Motley Fool Canada” published on January 08, 2019 as well as Seekingalpha.com‘s news article titled: “Why Scotiabank May Not Be As Great As You Think – Seeking Alpha” with publication date: December 17, 2018.

Hsbc Holdings Plc, which manages about $62.16 billion US Long portfolio, upped its stake in Micron Technology Inc (Put) (NASDAQ:MU) by 351,600 shares to 457,100 shares, valued at $20.68 million in 2018Q3, according to the filing. It also increased its holding in Cdk Global Inc (NASDAQ:CDK) by 82,563 shares in the quarter, for a total of 145,392 shares, and has risen its stake in Ishares Inc (EPP).

Analysts await The Bank of Nova Scotia (NYSE:BNS) to report earnings on February, 26. They expect $1.41 EPS, up 2.92% or $0.04 from last year’s $1.37 per share. BNS’s profit will be $1.73 billion for 10.00 P/E if the $1.41 EPS becomes a reality. After $1.35 actual EPS reported by The Bank of Nova Scotia for the previous quarter, Wall Street now forecasts 4.44% EPS growth.

Edgepoint Investment Group Inc, which manages about $8.81 billion US Long portfolio, upped its stake in Middleby Corp (NASDAQ:MIDD) by 117,114 shares to 5.12 million shares, valued at $662.61 million in 2018Q3, according to the filing. It also increased its holding in Wabco Hldgs Inc (NYSE:WBC) by 490,778 shares in the quarter, for a total of 3.98 million shares, and has risen its stake in Pricesmart Inc (NASDAQ:PSMT).

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Nasdaq.com which released: “After-Hours Earnings Report for January 16, 2019 : CSX, KMI, AA, HWC, FUL, EGBN, PLXS – Nasdaq” on January 16, 2019, also Nasdaq.com with their article: “CSX (CSX) Earnings Expected to Grow: Should You Buy? – Nasdaq” published on January 09, 2019, Nasdaq.com published: “Is CSX (CSX) Outperforming Other Transportation Stocks This Year? – Nasdaq” on January 07, 2019. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Nasdaq.com and their article: “CSX (CSX) Gains But Lags Market: What You Should Know – Nasdaq” published on January 30, 2019 as well as Bizjournals.com‘s news article titled: “CSX sale of 373 miles of track falls through – Jacksonville Business Journal” with publication date: January 22, 2019.

Since January 23, 2019, it had 0 buys, and 2 selling transactions for $304.58 million activity.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 20 have Buy rating, 2 Sell and 9 Hold. Therefore 65% are positive. CSX Corporation had 137 analyst reports since August 13, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of CSX in report on Monday, October 5 with “Market Perform” rating. Scotia Capital maintained it with “Hold” rating and $6500 target in Wednesday, April 18 report. Deutsche Bank maintained CSX Corporation (NASDAQ:CSX) on Friday, June 8 with “Buy” rating. Deutsche Bank maintained CSX Corporation (NASDAQ:CSX) on Monday, December 3 with “Buy” rating. Raymond James upgraded CSX Corporation (NASDAQ:CSX) on Friday, April 21 to “Outperform” rating. As per Wednesday, January 13, the company rating was maintained by UBS. On Friday, February 10 the stock rating was upgraded by Avondale to “Market Outperform”. On Wednesday, July 18 the stock rating was upgraded by Loop Capital to “Buy”. Morgan Stanley maintained CSX Corporation (NASDAQ:CSX) rating on Friday, March 2. Morgan Stanley has “Underweight” rating and $47 target. The firm earned “Outperform” rating on Friday, January 27 by RBC Capital Markets.

Investors sentiment increased to 0.98 in 2018 Q3. Its up 0.11, from 0.87 in 2018Q2. It increased, as 32 investors sold CSX shares while 327 reduced holdings. 133 funds opened positions while 219 raised stakes. 567.17 million shares or 1.60% less from 576.38 million shares in 2018Q2 were reported. Virginia Retirement Et Al holds 153,600 shares. Jacobs & Ca holds 1.82% of its portfolio in CSX Corporation (NASDAQ:CSX) for 145,632 shares. Dorsey Wright And Associate stated it has 53,485 shares. Morgan Stanley holds 8.80M shares. The Florida-based Hyman Charles D has invested 2.4% in CSX Corporation (NASDAQ:CSX). First Hawaiian National Bank reported 6,992 shares. Guggenheim Ltd Liability reported 0.19% stake. Smithfield Tru Co holds 0.01% in CSX Corporation (NASDAQ:CSX) or 1,515 shares. Hudson Valley Adv reported 30,269 shares or 0.52% of all its holdings. Evergreen Cap Mgmt Ltd Llc holds 2,980 shares or 0.02% of its portfolio. Braun Stacey Incorporated has 1.12% invested in CSX Corporation (NASDAQ:CSX). Dana Inv Advsrs owns 26,583 shares. Spectrum Asset Mngmt Incorporated (Nb Ca) owns 5,600 shares or 0.25% of their US portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 0.35% invested in CSX Corporation (NASDAQ:CSX) for 79,860 shares. Los Angeles Capital Management Equity Rech Inc holds 0.11% in CSX Corporation (NASDAQ:CSX) or 275,141 shares.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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