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Paragon Wealth Strategies LLC owns $196,000 of CSX Co.

Paragon Wealth Strategies LLC owns $196,000 of CSX Co.

The most recent 13F filing with the Securities and Exchange Commission that the company submitted revealed that during the third quarter, Paragon Wealth Strategies LLC reduced its holdings in CSX Co. (NASDAQ: CSX). The corporation wound up with a total of 7,370 shares of that company’s stock after selling 4,414 of its shares of stock in the transportation firm throughout the period in question. The 18th largest investment held by Paragon Wealth Strategies LLC, CSX contributes approximately 0.2% of the company’s total assets and ranks as the firm’s 18th most valuable holding. The equity holdings in CSX, owned by Paragon Wealth Strategies LLC, had a value of $196,000 when the most recent fiscal quarter closed.

In recent months, several other significant investors have changed the quantity of CSX stock they hold in their portfolios. During the third quarter of 2018, the Teacher Retirement System of Texas increased the amount of CSX stock owned by 5.2%, bringing its total ownership percentage to 98.4%. After making an additional purchase of 47,395 shares during the period in question, the Teacher Retirement System of Texas now has a total of 964,913 shares of the transportation company’s stock, which are currently valued at $25,705,000. This brings the Teacher Retirement System of Texas’s total number of shares to 964,913. During the third quarter, Larson Financial Group LLC was able to amass 352.4% more CSX shares than in the previous quarter. As a result of the acquisition of 4,535 additional shares during the relevant period, Larson Financial Group LLC now has a total of 5,822 stock held by the transportation company. These shares are currently fetching on the market for $155,000. During the third quarter, Equitable Trust Company’s holdings of CSX stock saw a 2.2% increase in terms of the percentage they represent overall. Equitable Trust Company now has a total of 136,728 shares of the transportation company’s stock, which are currently valued at $3,643,000 after purchasing an additional 3,000 shares during the period in question. During the third quarter, Jones Financial Companies LLLP increased the amount of CSX stock owned by 3.7%. Jones Financial Companies Lllp now has 291,058 stock held by the transportation company, following the purchase of an additional 10,261 shares during the period in question. The current value of these shares, when traded on the market, is $7,754,000. During the third quarter, Rockefeller Capital Management L.P. increased the amount of CSX stock owned by 11.0%, making this the last and most important point. Rockefeller Capital Management L.P. now has a total of 528,232 shares of the transportation company’s stock, which are currently valued at $14,072,000 following a recent purchase of 52,221 shares during the most recent period. This brings the total number of shares owned by the firm to 528,232. Currently, 72.91% of the company’s shares are owned by hedge funds and other institutional investors.

There have been several analysts who, when asked their opinions on the stock, provided their perspectives. Susquehanna Investment Management decreased their price target for shares of CSX from $35.00 to $29.00 in a research report published on September 28th. In addition, they changed the stock’s rating from “positive” to “neutral,” reflecting their less optimistic outlook on its future. In a research report released on September 28th, Susquehanna Bancshares lowered their rating for CSX stock to “neutral” and lowered their price objective for the stock from $35.00 to $29.00. Both of these changes were made. Raymond James upgraded their rating for the stock from “market perform” to “outperform” and increased their price objective for CSX shares from $33.00 to $36.00 in research published on Wednesday. In a research report released on October 10th, Goldman Sachs Group lowered their “buy” rating and target price for CSX shares from $37.00 to $33.00. The report was about the company’s previous position on CSX shares. Wells Fargo & Company increased their price objective on CSX from $28.00 to $32.00 and rated the stock “equal weight” in a research note published on Wednesday, January 4th. One research analyst suggested buying the stock, eleven suggested buying the stock, and one suggested selling the stock. Eleven research analysts recommended buying the stock. One research analyst suggested selling the stock. According to the information made available by Bloomberg, the current recommendation for CSX is “Hold,” and analysts anticipate that the company’s stock will reach an average price of $34.60.

The closing price for CSX stock on Thursday, during the lunchtime session, was $31.61, down $0.62 from the previous day’s closing price. The total number of shares traded by the company was 201,348. This is significantly lower than the daily volume of 10,950,117 shares traded. During the past 12 months, the share price of CSX Company has ranged from a high of $38.63 to a low of $25.80. At the same time, the individual ratios range from 1.72 to 1.57, and the debt-to-equity ratio, the current ratio, and the quick ratio all equal 1.39. The share price is currently trading at $30.73, which is lower than its 50-day and 200-day moving averages of $31.67. The stock price has been trading lower for the past three months. The firm has a market capitalization of $66.46 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth of 1.77, and a beta value of 1.24. All of these metrics indicate that the company is considered to be relatively risky.

On October 20th, the most recent earnings report for CSX, which is publicly traded and can be found under the NASDAQ: CSX, was made available to the public. The transportation company earned $0.52 per share (EPS) for the quarter, which is $0.03 more than the consensus estimate by industry analysts, who anticipated earning $0.49 per share. In addition, this figure is $0.03 more than the consensus estimate made by analysts outside of the industry. In reality, the company brought in $3.90 billion in revenue during the quarter, which is significantly higher than the $3.75 billion in revenue that was anticipated it would bring in during the period. CSX had a return on equity of 30.32%, and the net margin for the company was 28.06%. When measured against the same period in the prior year, the company’s quarterly revenue increased by 18.5%. The company reported a profit of $0.43 per share for the same period in the prior year’s financial statements. Equity research specialists forecast that CSX Company will generate 1.9 cents in profits per share throughout this year.

The CSX Corporation and its various subsidiary companies provide customers with a wide range of services connected to freight shipment via rail. The company provides rail services, bulk commodity operations, intermodal container and trailer transportation, and other supplemental transportation services such as rail-to-truck transfers. In transporting coal, coke, and iron ore, it also transports chemicals, agricultural and food items, automobiles, minerals, forest products, fertilizers, metals, and equipment. These goods are transported to power plants, steel manufacturers, and industrial plants. In addition, deep-water port facilities can be utilized to transport coal.

Do you have an interest in learning more about the activities of the various hedge funds that hold positions in CSX? By going to the website HoldingsChannel.com, you will be able to check up on the most recent 13F filings and insider transactions for CSX Co.

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