Graham Capital Management L.P. Has $689,000 Holdings in Canadian National Railway (NYSE:CNI)

Graham Capital Management L.P. decreased its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 65.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,785 shares of the transportation company's stock after selling 12,588 shares during the quarter. Graham Capital Management L.P.'s holdings in Canadian National Railway were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC grew its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

NYSE:CNI traded down $0.05 during mid-day trading on Friday, reaching $108.08. The stock had a trading volume of 1,208,567 shares, compared to its average volume of 1,312,275. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $129.18. The stock has a market capitalization of $67.93 billion, a PE ratio of 21.11, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock has a 50-day simple moving average of $98.79 and a two-hundred day simple moving average of $102.51.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the company posted $1.72 EPS. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CNI shares. Jefferies Financial Group dropped their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Barclays dropped their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Bank of America increased their price objective on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday. Citigroup cut their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Stephens upped their price target on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.