Kornitzer Capital Management Inc. KS cut its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,775 shares of the transportation company’s stock after selling 215 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Genesee & Wyoming were worth $377,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its stake in Genesee & Wyoming by 1.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,410 shares of the transportation company’s stock worth $1,041,000 after buying an additional 110 shares during the period. Aperio Group LLC boosted its stake in Genesee & Wyoming by 7.5% during the second quarter. Aperio Group LLC now owns 34,866 shares of the transportation company’s stock worth $3,487,000 after buying an additional 2,424 shares during the period. KBC Group NV boosted its stake in Genesee & Wyoming by 488.6% during the second quarter. KBC Group NV now owns 25,038 shares of the transportation company’s stock worth $2,504,000 after buying an additional 20,784 shares during the period. Santori & Peters Inc. boosted its stake in Genesee & Wyoming by 17.0% during the second quarter. Santori & Peters Inc. now owns 7,657 shares of the transportation company’s stock worth $765,000 after buying an additional 1,113 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Genesee & Wyoming by 319.1% during the second quarter. SG Americas Securities LLC now owns 18,220 shares of the transportation company’s stock worth $1,822,000 after buying an additional 13,873 shares during the period. Institutional investors own 90.61% of the company’s stock.

GWR has been the topic of several research reports. Zacks Investment Research cut shares of Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 price target on the stock. in a research report on Tuesday, July 2nd. Bank of America cut shares of Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target on the stock. in a research report on Tuesday, April 30th. Stifel Nicolaus cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research report on Monday, July 1st. Cowen reissued an “outperform” rating and set a $112.00 price target (up previously from $96.00) on shares of Genesee & Wyoming in a research report on Tuesday, July 2nd. Finally, Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $102.81.

Shares of GWR opened at $110.08 on Friday. The stock has a market capitalization of $6.26 billion, a PE ratio of 28.59 and a beta of 1.33. Genesee & Wyoming Inc has a 1 year low of $68.27 and a 1 year high of $110.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.09. The company’s 50-day simple moving average is $109.00 and its 200-day simple moving average is $93.23.

About Genesee & Wyoming

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

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Institutional Ownership by Quarter for Genesee & Wyoming (NYSE:GWR)

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