Pentwater Capital Management Adds $63M in Norfolk Southern Corporation ($NSC)
Key Points
- Pentwater Capital Management changed its Norfolk Southern Corporation ($NSC) stake by 6.66% last quarter, boosting to 3,220,000 shares worth $1.01 billion.
- Wall Street's consensus rating on $NSC is Hold and an average price target of $365.28.
- $NSC last traded around $314.59.
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Pentwater Capital Management increased its position in Norfolk Southern Corporation ($NSC) by 6.66% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,220,000 shares of Norfolk Southern Corporation after buying 201,000 shares during the quarter. Pentwater Capital Management's holdings in Norfolk Southern Corporation were worth $1.01 billion as of its most recent filing.
Norfolk Southern Corporation Stock Down 9.8%
Shares of Norfolk Southern Corporation ($NSC) traded around $314.59 on Saturday, down 9.8% for the day.
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About Norfolk Southern Corporation
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals, including sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and operates an intermodal network. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.
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