As Macerich Company (MAC) Shares Declined, Sasco Capital Has Decreased Position; Canadian Natl Ry Co (CNI) Share Value Declined While Heronetta Management LP Trimmed by $2.46 Million Its Holding

May 24, 2018 - By Kurt Siggers

Canadian National Railway Company (NYSE:CNI) Logo

Heronetta Management Lp decreased its stake in Canadian Natl Ry Co (CNI) by 31.08% based on its latest 2017Q4 regulatory filing with the SEC. Heronetta Management Lp sold 23,900 shares as the company’s stock declined 12.30% with the market. The institutional investor held 53,000 shares of the railroads company at the end of 2017Q4, valued at $5.49M, down from 76,900 at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Canadian Natl Ry Co for a number of months, seems to be less bullish one the $61.81 billion market cap company. The stock decreased 0.11% or $0.09 during the last trading session, reaching $84.05. About 88,899 shares traded. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since May 24, 2017 and is downtrending. It has underperformed by 12.89% the S&P500.

Sasco Capital Inc decreased its stake in Macerich Company (MAC) by 1.63% based on its latest 2017Q4 regulatory filing with the SEC. Sasco Capital Inc sold 12,820 shares as the company’s stock declined 14.88% with the market. The institutional investor held 774,530 shares of the real estate investment trusts company at the end of 2017Q4, valued at $50.87M, down from 787,350 at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Macerich Company for a number of months, seems to be less bullish one the $8.40 billion market cap company. The stock increased 0.22% or $0.12 during the last trading session, reaching $55.53. About 26,542 shares traded. Macerich Company (NYSE:MAC) has declined 12.03% since May 24, 2017 and is downtrending. It has underperformed by 23.58% the S&P500.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on July, 24. They expect $1.02 earnings per share, up 2.00% or $0.02 from last year’s $1 per share. CNI’s profit will be $750.05 million for 20.60 P/E if the $1.02 EPS becomes a reality. After $0.79 actual earnings per share reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts 29.11% EPS growth.

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Globenewswire.com which released: “CN current to grain car order demand in Western Canada” on May 02, 2018, also Benzinga.com with their article: “Goldman Sachs Upgrades CSX, Downgrades Canadian National In Second Look At Rail Stocks” published on May 14, 2018, Globenewswire.com published: “ADVISORY: JJ Ruest, CN interim president and chief executive officer, to address the Bernstein Strategic Decisions …” on May 23, 2018. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Seekingalpha.com and their article: “Canadian National Railway (CNI) Investor Presentation – Slideshow” published on April 25, 2018 as well as Bizjournals.com‘s news article titled: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” with publication date: May 21, 2018.

Among 27 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 2 Sell and 15 Hold. Therefore 37% are positive. Canadian National Railway had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 5 by Stifel Nicolaus. The stock has “Buy” rating by Cowen & Co on Tuesday, April 24. Goldman Sachs downgraded it to “Hold” rating and $10200 target in Monday, May 14 report. Cowen & Co maintained the shares of CNI in report on Friday, August 18 with “Buy” rating. Macquarie Research downgraded the stock to “Neutral” rating in Thursday, May 17 report. Cowen & Co maintained Canadian National Railway Company (NYSE:CNI) rating on Friday, September 22. Cowen & Co has “Buy” rating and $83.0 target. The company was initiated on Thursday, May 19 by CLSA. The rating was maintained by Credit Suisse on Wednesday, January 24 with “Neutral”. The stock of Canadian National Railway Company (NYSE:CNI) has “Outperform” rating given on Monday, October 5 by Cowen & Co. Cowen & Co maintained it with “Buy” rating and $8300 target in Monday, July 17 report.

Analysts await Macerich Company (NYSE:MAC) to report earnings on August, 1. They expect $0.96 EPS, down 2.04% or $0.02 from last year’s $0.98 per share. MAC’s profit will be $145.29M for 14.46 P/E if the $0.96 EPS becomes a reality. After $0.82 actual EPS reported by Macerich Company for the previous quarter, Wall Street now forecasts 17.07% EPS growth.

Among 24 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. The Macerich Company had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, January 23 by Jefferies. As per Wednesday, February 7, the company rating was maintained by Boenning & Scattergood. The firm has “Buy” rating given on Thursday, September 17 by Zacks. BTIG Research initiated it with “Buy” rating and $97 target in Thursday, August 25 report. On Tuesday, September 26 the stock rating was upgraded by J.P. Morgan to “Buy”. Deutsche Bank maintained the shares of MAC in report on Monday, March 21 with “Hold” rating. The company was maintained on Monday, September 25 by Jefferies. RBC Capital Markets downgraded the shares of MAC in report on Wednesday, January 3 to “Sector Perform” rating. Evercore downgraded Macerich Company (NYSE:MAC) on Monday, December 11 to “Underperform” rating. Mizuho upgraded it to “Buy” rating and $84 target in Monday, November 7 report.

More news for Macerich Company (NYSE:MAC) were recently published by: Seekingalpha.com, which released: “Macerich: Takeover Target?” on May 21, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights BlackRock Capital Investment, Tootsie Roll Industries, Catalyst Biosciences …” and published on May 23, 2018 is yet another important article.

Sasco Capital Inc, which manages about $6.25B and $2.73B US Long portfolio, upped its stake in Arconic Inc by 353,078 shares to 2.85 million shares, valued at $77.65 million in 2017Q4, according to the filing. It also increased its holding in Conagra Brands Inc. (NYSE:CAG) by 34,220 shares in the quarter, for a total of 3.10 million shares, and has risen its stake in Dowdupont Inc.

Macerich Company (NYSE:MAC) Institutional Positions Chart

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