Parsons Capital Management Has Decreased By $302,130 Its Csx (CSX) Position; Gray Television Has 1.53 Sentiment

January 14, 2018 - By Ellis Scott

Parsons Capital Management Inc decreased Csx Corp (CSX) stake by 7.36% reported in 2017Q3 SEC filing. Parsons Capital Management Inc sold 5,595 shares as Csx Corp (CSX)’s stock rose 3.79%. The Parsons Capital Management Inc holds 70,380 shares with $3.82M value, down from 75,975 last quarter. Csx Corp now has $52.95 billion valuation. The stock increased 0.95% or $0.56 during the last trading session, reaching $59.25. About 4.74 million shares traded. CSX Corporation (NYSE:CSX) has risen 97.18% since January 14, 2017 and is uptrending. It has outperformed by 80.48% the S&P500.

Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. The company has market cap of $1.48 billion. As of February 21, 2017, it owned and operated television stations in 54 television markets broadcasting approximately 200 program streams comprising 37 channels affiliated with the CBS Network, 29 channels affiliated with the NBC Network, 20 channels affiliated with the ABC Network, and 15 channels affiliated with the FOX Network. It has a 9.21 P/E ratio. The firm also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 20 have Buy rating, 3 Sell and 8 Hold. Therefore 65% are positive. CSX Corporation had 96 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, February 23, the company rating was downgraded by Morgan Stanley. The stock of CSX Corporation (NASDAQ:CSX) has “Sector Perform” rating given on Tuesday, March 15 by Scotia Capital. As per Monday, January 30, the company rating was maintained by Barclays Capital. The stock has “Outperform” rating by RBC Capital Markets on Friday, January 27. JP Morgan maintained CSX Corporation (NASDAQ:CSX) rating on Thursday, October 12. JP Morgan has “Overweight” rating and $62 target. The stock of CSX Corporation (NASDAQ:CSX) earned “Market Perform” rating by Cowen & Co on Friday, July 15. Stifel Nicolaus maintained the shares of CSX in report on Thursday, April 20 with “Hold” rating. The rating was upgraded by Bank of America on Monday, February 22 to “Buy”. Credit Suisse maintained it with “Outperform” rating and $60 target in Thursday, September 7 report. The firm has “Hold” rating by Deutsche Bank given on Friday, January 20.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on January, 16 after the close. They expect $0.56 EPS, up 14.29% or $0.07 from last year’s $0.49 per share. CSX’s profit will be $500.48 million for 26.45 P/E if the $0.56 EPS becomes a reality. After $0.51 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts 9.80% EPS growth.

Investors sentiment decreased to 0.66 in Q3 2017. Its down 0.17, from 0.83 in 2017Q2. It turned negative, as 56 investors sold CSX shares while 351 reduced holdings. 65 funds opened positions while 204 raised stakes. 612.12 million shares or 2.65% less from 628.79 million shares in 2017Q2 were reported. Metropolitan Life Insur owns 466,261 shares or 0.16% of their US portfolio. 118,200 were accumulated by Skylands Cap Ltd Limited Liability Company. Park Corp Oh has invested 0.15% in CSX Corporation (NASDAQ:CSX). First Manhattan Commerce holds 0.03% or 108,429 shares in its portfolio. Raymond James & Associate reported 339,616 shares. Moreover, Horan Capital Ltd Liability Corporation has 0.01% invested in CSX Corporation (NASDAQ:CSX). Nuveen Asset Mngmt Limited Liability Corp stated it has 479,820 shares. Capital One Association reported 0.14% in CSX Corporation (NASDAQ:CSX). The Ohio-based Carnegie Asset Management Ltd Liability Corp has invested 1.43% in CSX Corporation (NASDAQ:CSX). Salem Investment Counselors has 0.04% invested in CSX Corporation (NASDAQ:CSX). Williams Jones Associate Ltd owns 23,250 shares for 0.03% of their portfolio. Ingalls & Snyder Ltd Liability Co holds 0.01% of its portfolio in CSX Corporation (NASDAQ:CSX) for 4,377 shares. Affinity Investment Advsrs Limited Com has 0.05% invested in CSX Corporation (NASDAQ:CSX) for 8,000 shares. Wagner Bowman Corp reported 0.4% stake. Ferguson Wellman Management has invested 0.04% in CSX Corporation (NASDAQ:CSX).

The stock decreased 2.32% or $0.4 during the last trading session, reaching $16.85. About 814,649 shares traded. Gray Television, Inc. (GTN) has risen 15.17% since January 14, 2017 and is uptrending. It has underperformed by 1.53% the S&P500.

Whetstone Capital Advisors Llc holds 4.88% of its portfolio in Gray Television, Inc. for 681,618 shares. Act Ii Management Lp owns 215,415 shares or 2.37% of their US portfolio. Moreover, Darsana Capital Partners Lp has 2.18% invested in the company for 3.30 million shares. The Pennsylvania-based Penn Capital Management Co Inc has invested 1.65% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 555,900 shares.

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