Moon Capital Management LLC maintained its position in Norfolk Souther Corporation (NYSE:NSC) during the third quarter, Holdings Channel reports. The fund owned 3,551 shares of the railroad operator’s stock at the end of the third quarter. Moon Capital Management LLC’s holdings in Norfolk Souther Corporation were worth $345,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in Norfolk Souther Corporation by 69.8% in the second quarter. FMR LLC now owns 3,901,583 shares of the railroad operator’s stock worth $332,142,000 after buying an additional 1,603,911 shares during the period. Bank of New York Mellon Corp raised its position in Norfolk Souther Corporation by 35.5% in the second quarter. Bank of New York Mellon Corp now owns 3,628,950 shares of the railroad operator’s stock worth $308,932,000 after buying an additional 951,665 shares during the period. American Century Companies Inc. raised its position in Norfolk Souther Corporation by 69.9% in the second quarter. American Century Companies Inc. now owns 1,672,364 shares of the railroad operator’s stock worth $142,368,000 after buying an additional 687,976 shares during the period. Standard Life Investments LTD purchased a new position in Norfolk Souther Corporation during the third quarter worth approximately $63,284,000. Finally, Bank of Montreal Can purchased a new position in Norfolk Souther Corporation during the second quarter worth approximately $37,178,000. Hedge funds and other institutional investors own 67.83% of the company’s stock.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

Norfolk Souther Corporation (NYSE:NSC) traded up 0.52% during mid-day trading on Friday, reaching $111.59. 1,702,774 shares of the company’s stock traded hands. The company has a 50 day moving average price of $108.37 and a 200-day moving average price of $96.62. The stock has a market cap of $32.58 billion, a P/E ratio of 20.66 and a beta of 1.19. Norfolk Souther Corporation has a 12 month low of $64.51 and a 12 month high of $112.99.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings data on Wednesday, October 26th. The railroad operator reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The company earned $2.52 billion during the quarter, compared to analyst estimates of $2.25 billion. Norfolk Souther Corporation had a net margin of 16.27% and a return on equity of 13.15%. Norfolk Souther Corporation’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. On average, analysts anticipate that Norfolk Souther Corporation will post $5.58 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Norfolk Souther Corporation (NSC) Stake Held by Moon Capital Management LLC” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this story can be viewed at http://www.watchlistnews.com/norfolk-souther-corporation-nsc-stake-held-by-moon-capital-management-llc/1060978.html.

A number of equities analysts have weighed in on NSC shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $96.00 target price on shares of Norfolk Souther Corporation in a research note on Wednesday, October 26th. Zacks Investment Research downgraded shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Bank of America raised shares of Norfolk Souther Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $97.00 to $110.00 in a research note on Tuesday, October 11th. Vertical Research started coverage on shares of Norfolk Souther Corporation in a research note on Tuesday, October 11th. They issued a “sell” rating for the company. Finally, Seaport Global Securities started coverage on shares of Norfolk Souther Corporation in a research note on Friday, October 28th. They issued a “buy” rating and a $101.00 target price for the company. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $93.48.

In other news, VP Thomas E. Hurlbut sold 469 shares of Norfolk Souther Corporation stock in a transaction on Friday, November 18th. The shares were sold at an average price of $103.77, for a total value of $48,668.13. Following the completion of the sale, the vice president now owns 7,041 shares in the company, valued at approximately $730,644.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James A. Hixon sold 35,247 shares of Norfolk Souther Corporation stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $96.10, for a total transaction of $3,387,236.70. Following the completion of the sale, the vice president now owns 142,647 shares of the company’s stock, valued at approximately $13,708,376.70. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

5 Day Chart for NYSE:NSC

Want to see what other hedge funds are holding NSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norfolk Souther Corporation (NYSE:NSC).

Receive News & Ratings for Norfolk Souther Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Souther Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.