Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Increases Holding in Canadian Natl Ry Co (CNI)

December 7, 2017 - By Peter Erickson

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp increased its stake in Canadian Natl Ry Co (CNI) by 14.5% based on its latest 2017Q2 regulatory filing with the SEC. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp bought 441,700 shares as the company’s stock rose 4.48% with the market. The institutional investor held 3.49M shares of the railroads company at the end of 2017Q2, valued at $366.96 million, up from 3.05 million at the end of the previous reported quarter. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp who had been investing in Canadian Natl Ry Co for a number of months, seems to be bullish on the $60.23 billion market cap company. The stock increased 0.70% or $0.56 during the last trading session, reaching $80.06. About 965,721 shares traded. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since December 7, 2016 and is uptrending. It has outperformed by 13.33% the S&P500.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp, which manages about $10.63B US Long portfolio, decreased its stake in Edwards Lifesciences Corp (NYSE:EW) by 50,000 shares to 111,000 shares, valued at $13.13 million in 2017Q2, according to the filing. It also reduced its holding in B2gold Corp (NYSEMKT:BTG) by 3.14M shares in the quarter, leaving it with 2.24M shares, and cut its stake in Carmax Inc (NYSE:KMX).

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Fool.ca which released: “RRSP Investors: Is Canadian National Railway Company a Top Pick?” on September 12, 2017, also Fool.ca with their article: “RRSP Investors: 5 Reasons to Own Canadian National Railway Company” published on November 09, 2017, Fool.ca published: “Canadian National Railway Company: Cancelled Energy East Pipeline an …” on October 11, 2017. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Fool.ca and their article: “Canadian National Railway Company’s Shares Could Soar After a Strong Q3” published on October 25, 2017 as well as Fool.ca‘s news article titled: “Buy and Forget: Canadian National Railway Company” with publication date: August 18, 2017.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

Among 25 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 2 Sell and 13 Hold. Therefore 40% are positive. Canadian National Railway had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by First Analysis to “Overweight” on Wednesday, January 27. The firm has “Hold” rating given on Tuesday, April 26 by TD Securities. On Tuesday, April 26 the stock rating was maintained by Credit Suisse with “Neutral”. Raymond James upgraded the stock to “Outperform” rating in Wednesday, September 9 report. On Tuesday, February 23 the stock rating was upgraded by Morgan Stanley to “Overweight”. Barclays Capital maintained it with “Equal-Weight” rating and $58 target in Tuesday, April 26 report. The firm has “Mkt Perform” rating by Raymond James given on Wednesday, January 27. Bank of America upgraded the stock to “Neutral” rating in Thursday, January 12 report. The firm earned “Buy” rating on Friday, September 22 by Cowen & Co. As per Tuesday, September 27, the company rating was initiated by Loop Capital.

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