Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Boosted Canadian Natl Ry Co (CNI) Holding by $46.38 Million as Share Price Rose

December 7, 2017 - By Stephen Andrade

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 $366.96M, up from 3.05M 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 $10.63 billion US Long portfolio, decreased its stake in Alphabet Inc Cap Stk by 5,400 shares to 51,900 shares, valued at $47.16 million in 2017Q2, according to the filing. It also reduced its holding in Biogen Inc (NASDAQ:BIIB) by 59,900 shares in the quarter, leaving it with 34,300 shares, and cut its stake in Procter And Gamble Co (NYSE:PG).

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Fool.ca which released: “Buy and Forget: Canadian National Railway Company” on August 18, 2017, also Benzinga.com with their article: “The Railroad Trade: The Transport Stock Most Likely To Stay On Track” published on November 14, 2017, Fool.ca published: “Canadian National Railway Company: Buy the Post-Earnings Decline Before Shares …” on October 29, 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: “Canadian National Railway Company: Is Today an Opportune Time to Buy the Dip?” with publication date: December 02, 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 firm earned “Buy” rating on Friday, September 29 by Cowen & Co. The company was initiated on Thursday, May 19 by CLSA. Citigroup maintained the shares of CNI in report on Wednesday, April 6 with “Neutral” rating. The firm has “Neutral” rating given on Tuesday, April 26 by Credit Suisse. Seaport Global initiated the stock with “Neutral” rating in Friday, October 28 report. The stock has “Buy” rating by Desjardins Securities on Wednesday, October 25. Canaccord Genuity downgraded Canadian National Railway Company (NYSE:CNI) on Tuesday, October 13 to “Hold” rating. Canaccord Genuity upgraded the stock to “Buy” rating in Tuesday, July 21 report. The firm has “Outperform” rating given on Wednesday, January 4 by Raymond James. As per Tuesday, April 26, the company rating was downgraded by IBC.

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