Tudor Investment Corp ET AL reduced its position in Genesee & Wyoming, Inc. (NYSE:GWR) by 95.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,417 shares of the transportation company’s stock after selling 109,854 shares during the period. Tudor Investment Corp ET AL’s holdings in Genesee & Wyoming were worth $368,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in Genesee & Wyoming by 18.1% in the first quarter. Capstone Asset Management Co. now owns 4,833 shares of the transportation company’s stock worth $328,000 after buying an additional 740 shares in the last quarter. Jacobs & Co. CA increased its stake in Genesee & Wyoming by 28.5% in the first quarter. Jacobs & Co. CA now owns 24,342 shares of the transportation company’s stock worth $1,651,000 after buying an additional 5,405 shares in the last quarter. Creative Planning increased its stake in Genesee & Wyoming by 8.7% in the first quarter. Creative Planning now owns 2,262 shares of the transportation company’s stock worth $153,000 after buying an additional 181 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Genesee & Wyoming during the first quarter worth $5,033,000. Finally, Peregrine Capital Management LLC increased its stake in Genesee & Wyoming by 18.1% in the first quarter. Peregrine Capital Management LLC now owns 342,148 shares of the transportation company’s stock worth $22,927,000 after buying an additional 52,478 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Genesee & Wyoming, Inc. (GWR) opened at 65.17 on Friday. Genesee & Wyoming, Inc. has a 52 week low of $61.44 and a 52 week high of $80.73. The company has a market cap of $4.06 billion, a PE ratio of 27.65 and a beta of 1.73. The stock has a 50 day moving average of $67.30 and a 200 day moving average of $68.86.
Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.12. Genesee & Wyoming had a return on equity of 6.61% and a net margin of 6.89%. The business had revenue of $519.10 million for the quarter, compared to analyst estimates of $516.98 million. During the same period last year, the business posted $0.77 EPS. Genesee & Wyoming’s revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that Genesee & Wyoming, Inc. will post $3.00 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Tudor Investment Corp ET AL Has $368,000 Position in Genesee & Wyoming, Inc. (NYSE:GWR)” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/07/29/tudor-investment-corp-et-al-lowers-stake-in-genesee-wyoming-inc-nysegwr-updated.html.
Several brokerages recently commented on GWR. BidaskClub downgraded shares of Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a research report on Friday. Cowen and Company reissued a “buy” rating and set a $75.00 price objective on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Morgan Stanley reissued an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Genesee & Wyoming in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Genesee & Wyoming presently has an average rating of “Hold” and a consensus price target of $75.67.
In related news, EVP Matthew O. Walsh sold 4,042 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.63, for a total transaction of $269,318.46. Following the transaction, the executive vice president now owns 105,872 shares in the company, valued at approximately $7,054,251.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Allison M. Fergus sold 2,688 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $65.81, for a total value of $176,897.28. The disclosure for this sale can be found here. Insiders have sold a total of 8,407 shares of company stock worth $554,349 in the last 90 days. 3.80% of the stock is currently owned by company insiders.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
Receive News & Ratings for Genesee & Wyoming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesee & Wyoming Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
