CUE Financial Group Increases Stake in Canadian National …
CUE Financial Group boosted its stake in Canadian National Railway (NYSE:CNI) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The hedge fund owned 16,524 shares of the company s stock after buying an additional 140 shares during the period. CUE Financial Group s holdings in Canadian National Railway were worth $923,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CNI. Indiana Trust & Investment Management Company increased its position in shares of Canadian National Railway by 12.7% in the fourth quarter. Indiana Trust & Investment Management Company now owns 4,258 shares of the company s stock valued at $293,000 after buying an additional 480 shares during the last quarter. Quantitative Systematic Strategies acquired a new stake in Canadian National Railway during the fourth quarter valued at approximately $318,000. Fulton Bank boosted its stake in Canadian National Railway by 12.7% in the fourth quarter. Fulton Bank now owns 7,109 shares of the company s stock valued at $398,000 after buying an additional 800 shares during the period. Lawson Kroeker Investment Management boosted its stake in Canadian National Railway by 0.7% in the fourth quarter. Lawson Kroeker Investment Management now owns 66,300 shares of the company s stock valued at $3,705,000 after buying an additional 450 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft boosted its stake in Canadian National Railway by 0.6% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 205,900 shares of the company s stock valued at $11,541,000 after buying an additional 1,300 shares during the period. Shares of Canadian National Railway (NYSE:CNI) traded up 3.18% during trading on Tuesday, hitting $50.69. The company s stock had a trading volume of 1,120,464 shares. The company has a market capitalization of $40.11 billion and a P/E ratio of 17.02. Canadian National Railway has a 1-year low of $46.23 and a 1-year high of $71.11. The firm s 50 day moving average is $53.37 and its 200-day moving average is $57.57. Several analysts have commented on CNI shares. Scotiabank restated a sector outperform rating and issued a $85.50 price target on shares of Canadian National Railway in a report on Wednesday, September 30th. Citigroup Inc. lowered their price target on Canadian National Railway from $65.00 to $60.00 and set a neutral rating for the company in a report on Friday, October 2nd. Cowen and Company restated an outperform rating and issued a $67.00 price target (down previously from $68.00) on shares of Canadian National Railway in a report on Monday, October 5th. Barclays restated a hold rating and issued a $55.00 price target (down previously from $59.00) on shares of Canadian National Railway in a report on Monday, October 5th. Finally, Credit Suisse lifted their price target on Canadian National Railway from $61.00 to $63.00 in a report on Thursday, October 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $72.22.
Canadian National Railway Company (NYSE:CNI) is engaged in the rail and related transportation business. CN s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company s network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans and Mobile (Alabama), and the metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to all points in North America.
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