Kornitzer Capital Management Inc. KS reduced its stake in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 14.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 12,658 shares of the transportation company’s stock after selling 2,087 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Genesee & Wyoming were worth $866,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GWR. Glen Harbor Capital Management LLC boosted its position in shares of Genesee & Wyoming by 15.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,332 shares of the transportation company’s stock valued at $158,000 after buying an additional 308 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Genesee & Wyoming by 1.3% in the first quarter. Nationwide Fund Advisors now owns 371,301 shares of the transportation company’s stock valued at $25,196,000 after buying an additional 4,905 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Genesee & Wyoming by 0.4% in the first quarter. Retirement Systems of Alabama now owns 79,139 shares of the transportation company’s stock valued at $5,370,000 after buying an additional 281 shares during the last quarter. Hermes Investment Management Ltd. boosted its position in shares of Genesee & Wyoming by 2.8% in the first quarter. Hermes Investment Management Ltd. now owns 403,320 shares of the transportation company’s stock valued at $27,369,000 after buying an additional 11,010 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its position in shares of Genesee & Wyoming by 13.4% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 13,160 shares of the transportation company’s stock valued at $893,000 after buying an additional 1,550 shares during the last quarter. 95.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Genesee & Wyoming, Inc. (NYSE:GWR) opened at 67.09 on Tuesday. The stock’s 50 day moving average is $67.28 and its 200 day moving average is $68.71. Genesee & Wyoming, Inc. has a 52 week low of $61.44 and a 52 week high of $80.73. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 29.40 and a beta of 1.71.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The firm had revenue of $540.43 million during the quarter, compared to analysts’ expectations of $539.59 million. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Genesee & Wyoming, Inc. will post $3.00 EPS for the current year.

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Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, July 17th. Cowen and Company reiterated a “buy” rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Morgan Stanley reiterated an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Genesee & Wyoming in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $75.67.

In related news, Director Albert J. Neupaver acquired 1,560 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $64.77 per share, with a total value of $101,041.20. Following the completion of the acquisition, the director now directly owns 5,910 shares of the company’s stock, valued at $382,790.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher F. Liucci sold 1,677 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $64.48, for a total transaction of $108,132.96. Following the sale, the insider now directly owns 23,258 shares of the company’s stock, valued at $1,499,675.84. The disclosure for this sale can be found here. Insiders have sold 8,407 shares of company stock valued at $554,349 over the last three months. 3.80% of the stock is owned by corporate insiders.

Genesee & Wyoming Company Profile

Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.

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

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