Investors Purchase High Volume of Call Options on CSX (NASDAQ:CSX)

CSX Co. (NASDAQ:CSX – Get Rating) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 8,390 call options on the company. This is an increase of 31% compared to the average volume of 6,408 call options.

Institutional Investors Weigh In On CSX

A number of institutional investors have recently made changes to their positions in CSX. WFA of San Diego LLC bought a new stake in shares of CSX in the 2nd quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in CSX during the 4th quarter worth $32,000. Webster Bank N. A. bought a new position in CSX during the 3rd quarter worth $40,000. Wagner Wealth Management LLC bought a new position in CSX during the 2nd quarter worth $41,000. Finally, Godsey & Gibb Inc. bought a new position in CSX during the 3rd quarter worth $43,000. 72.91% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of NASDAQ CSX traded down $1.16 during trading on Wednesday, reaching $30.70. The stock had a trading volume of 6,703,833 shares, compared to its average volume of 11,471,958. CSX has a one year low of $25.80 and a one year high of $38.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.57 and a current ratio of 1.72. The stock has a market cap of $64.54 billion, a PE ratio of 17.04, a P/E/G ratio of 1.76 and a beta of 1.24. The firm’s 50 day moving average price is $31.70 and its two-hundred day moving average price is $30.82.

Analyst Ratings Changes

A number of brokerages have issued reports on CSX. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. The Goldman Sachs Group reduced their price objective on CSX from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Wells Fargo & Company lifted their price objective on CSX from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 4th. Benchmark reduced their price objective on CSX to $32.00 in a research note on Thursday, October 13th. Finally, UBS Group lowered CSX from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $31.00 in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.38.

CSX Company Profile

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CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.