Genesee & Wyoming Inc (NYSE:GWR) Short Interest Up 108.5% in August

Genesee & Wyoming Inc (NYSE:GWR) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,528,500 shares, an increase of 108.5% from the July 31st total of 1,212,600 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 998,400 shares, the days-to-cover ratio is currently 2.5 days.

GWR stock traded up $0.01 during trading on Friday, hitting $110.61. 8,764 shares of the company’s stock were exchanged, compared to its average volume of 572,556. The business has a 50-day moving average price of $110.17 and a two-hundred day moving average price of $96.86. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 28.73 and a beta of 1.35. Genesee & Wyoming has a 52-week low of $68.27 and a 52-week high of $110.99. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62.

Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Wednesday, August 7th. The transportation company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). The business had revenue of $571.48 million for the quarter, compared to analysts’ expectations of $594.19 million. Genesee & Wyoming had a return on equity of 6.41% and a net margin of 9.33%. On average, equities research analysts anticipate that Genesee & Wyoming will post 4.34 earnings per share for the current fiscal year.



GWR has been the subject of a number of analyst reports. Credit Suisse Group raised Genesee & Wyoming from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $112.00 in a research report on Monday, July 1st. Stifel Nicolaus cut Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research note on Monday, July 1st. Zacks Investment Research cut Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 target price for the company. in a research note on Tuesday, July 2nd. Stephens set a $112.00 target price on Genesee & Wyoming and gave the stock a “hold” rating in a research note on Monday, July 1st. Finally, Cowen restated an “outperform” rating and set a $112.00 target price (up previously from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Genesee & Wyoming currently has an average rating of “Hold” and an average price target of $102.81.

In other news, insider John C. Hellmann sold 23,469 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $2,581,590.00. Following the completion of the transaction, the insider now directly owns 445,316 shares of the company’s stock, valued at $48,984,760. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.72% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in Genesee & Wyoming by 1.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the transportation company’s stock valued at $980,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Genesee & Wyoming by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,410 shares of the transportation company’s stock valued at $1,041,000 after buying an additional 110 shares during the last quarter. United Services Automobile Association lifted its stake in Genesee & Wyoming by 1.8% in the second quarter. United Services Automobile Association now owns 10,679 shares of the transportation company’s stock valued at $1,068,000 after buying an additional 188 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Genesee & Wyoming by 0.3% in the second quarter. Retirement Systems of Alabama now owns 73,511 shares of the transportation company’s stock valued at $7,351,000 after buying an additional 237 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in Genesee & Wyoming by 482.0% in the second quarter. Advisory Services Network LLC now owns 291 shares of the transportation company’s stock valued at $29,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Genesee & Wyoming Company Profile

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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