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No. 2 Ohio State takes control in the 2nd half and runs over No. 5 Indiana 38-15Caprock Group LLC reduced its stake in shares of Canadian National Railway ( NYSE:CNI – Free Report ) (TSE:CNR) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,111 shares of the transportation company’s stock after selling 307 shares during the quarter. Caprock Group LLC’s holdings in Canadian National Railway were worth $482,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of Canadian National Railway by 6.5% during the 3rd quarter. Natixis Advisors LLC now owns 214,182 shares of the transportation company’s stock worth $25,091,000 after buying an additional 13,149 shares in the last quarter. Coastline Trust Co bought a new stake in Canadian National Railway during the third quarter worth approximately $34,000. First Long Island Investors LLC bought a new position in Canadian National Railway during the 3rd quarter valued at $15,019,000. Nicola Wealth Management LTD. increased its position in shares of Canadian National Railway by 44.5% during the 3rd quarter. Nicola Wealth Management LTD. now owns 192,500 shares of the transportation company’s stock valued at $22,551,000 after purchasing an additional 59,300 shares during the period. Finally, ROI Financial Advisors LLC raised its stake in shares of Canadian National Railway by 5.6% in the 3rd quarter. ROI Financial Advisors LLC now owns 16,306 shares of the transportation company’s stock worth $1,910,000 after buying an additional 865 shares in the last quarter. Institutional investors own 80.74% of the company’s stock. Analyst Upgrades and Downgrades Several research analysts recently weighed in on CNI shares. Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their target price for the company from $129.00 to $122.00 in a research note on Friday, October 4th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Finally, Stephens reissued an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average target price of $125.48. Canadian National Railway Stock Performance CNI stock opened at $111.24 on Friday. The stock has a market cap of $70.06 billion, a P/E ratio of 17.83, a P/E/G ratio of 2.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a 50 day simple moving average of $113.14 and a 200 day simple moving average of $117.23. Canadian National Railway has a 52 week low of $105.28 and a 52 week high of $134.02. Canadian National Railway ( NYSE:CNI – Get Free Report ) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company posted $1.26 EPS. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that Canadian National Railway will post 5.49 earnings per share for the current fiscal year. Canadian National Railway Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is currently 39.26%. About Canadian National Railway ( Free Report ) Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. See Also Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway ( NYSE:CNI – Free Report ) (TSE:CNR). 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The suspect in the killing of UnitedHealthcare’s chief executive struggled with deputies and shouted on Tuesday while arriving for a court appearance in Pennsylvania, a day after he was arrested at a McDonald’s and charged with murder. Luigi Nicholas Mangione, 26, emerged from a patrol car, spun toward reporters and shouted something partly unintelligible, yelling “insult to the intelligence of the American people” while deputies pushed him inside. Mangione is contesting his extradition back to New York. He was denied bail at the brief hearing. He has 14 days to challenge the bail decision. Prosecutors, meanwhile, have a month to seek a governor’s warrant out of New York. Mangione, wearing an orange jumpsuit, mostly stared straight ahead during the hearing, occasionally consulting papers, rocking in his chair, or looking back at the gallery. At one point, he began to speak to respond to the court discussion, but was told to be quiet by his lawyer. Thomas Dickey, his defence lawyer, questioned whether the second-degree murder charge filed in New York might be eligible for bail under Pennsylvania law, but prosecutors raised concerns about both public safety and Mangione being a potential flight risk, and the judge denied it. Prosecutors on Tuesday were beginning to take steps to take Mangione back to New York to face a murder charge while new details emerged about his life and how he was captured. The Ivy League graduate from a prominent Maryland family was charged with murder hours after he was arrested in the killing of Brian Thompson, 50, who led the United States’ largest medical insurance company. Mr Dickey had declined to comment before the hearing at the Blair County Courthouse in Hollidaysburg. Mangione is being held without bail in Pennsylvania on charges of possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors have charged him with five counts, including murder, criminal possession of a weapon and criminal possession of a forged instrument. Mangione was likely motivated by his anger with what he called “parasitic” health insurance companies and a disdain for corporate greed, a law enforcement bulletin obtained by The Associated Press said. He wrote that the US has the most expensive health care system in the world and that profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, based on a review of his hand-written notes and social media posts. Mangione called “Unabomber” Ted Kaczynski a “political revolutionary” and may have found inspiration from the man who carried out a series of bombings while railing against modern society and technology, according to the police bulletin. Mangione was arrested in Altoona, Pennsylvania — about 230 miles (370km) west of New York City — after a McDonald’s customer recognised him and notified an employee, authorities said. Officers found him sitting at a back table, wearing a blue medical mask and looking at a laptop, according to a Pennsylvania police criminal complaint. He initially gave them a fake ID, but when an officer asked Mangione whether he had been to New York recently, he “became quiet and started to shake”, the complaint says. When he pulled his mask down at officers’ request, “we knew that was our guy,” Officer Tyler Frye said. Images of Mangione released on Tuesday by Pennsylvania State Police showed him pulling down his mask in the corner of the McDonald’s while holding what appeared to be hash browns and wearing a winter jacket and beanie. In another photo from a holding cell, he stood unsmiling with rumpled hair. New York Police Commissioner Jessica Tisch said Mangione was carrying a gun like the one used to kill Mr Thompson and the same fake ID the gunman had used to check into a New York hostel, along with a passport and other fraudulent IDs. NYPD Chief of Detectives Joseph Kenny said Mangione also had a three-page, handwritten document that shows “some ill will toward corporate America”. A law enforcement official who was not authorised to discuss the investigation publicly and spoke to The Associated Press on condition of anonymity said the document included a line in which Mangione claimed to have acted alone. “To the Feds, I’ll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn’t working with anyone,” the document said, according to the official. It also had a line that said: “I do apologise for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Pennsylvania prosecutor Peter Weeks said in court that Mangione was found with a passport and 10,000 dollars (£7,839) in cash, 2,000 dollars of it in foreign currency. Mangione disputed the amount. Mr Thompson was killed on Wednesday as he walked alone to a Manhattan hotel for an investor conference. Police quickly came to see the shooting as a targeted attack by a gunman who appeared to wait for Mr Thompson, came up behind him and fired a 9mm pistol. Investigators have said “delay,” “deny” and “depose” were written on ammunition found near Mr Thompson’s body. The words mimic “delay, deny, defend,” a phrase used to criticise the insurance industry. From surveillance video, New York investigators determined the gunman quickly fled fled the city, likely by bus. A grandson of a wealthy, self-made real estate developer and philanthropist, Mangione is a cousin of a current Maryland state legislator. After his elite Baltimore prep school, he went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesperson said. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media late Monday by his cousin, Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” From January to June 2022, Luigi Mangione lived at Surfbreak, a “co-living” space at the edge of Waikiki in Honolulu. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder RJ Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Mr Ryan said. “There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Mr Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, from surfing to romance, Ryan said. “He went surfing with RJ once but it didn’t work out because of his back,” Mr Ryan said, but noted that Mangione and Mr Martin often went together to a rock-climbing gym. Mangione left Surfbreak to get surgery on the mainland, Mr Ryan said, then later returned to Honolulu and rented an apartment. Mr Martin stopped hearing from Mangione six months to a year ago.
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Want to support the DutchNews podcast and keep up our stocks of stroopwafels and orange tompouces? Click here to become a Patreon backer The government is running out of time to make its education budget add up as opposition parties form a “monster alliance” against its spending cuts. Sandra Palmen, who blew open the childcare benefits scandal, is put in charge of compensating the thousands of victims. Two Dutch members of a gang who smuggled cocaine in crates of onions are given eye-watering jail sentences in the UK. Drivers are warned they could lose their insurance cover if they use their phones behind the wheel. And the debate about wolves takes another sharp turn. Ophef of the week: Elderly housing residents frothing over strong alcohol ban News Coalition will drop fine for late students to save education budget D66 pulls out of education cuts talks, blaming lack of progress Former civil servant made minister for childcare compensation scheme Dutch drug gang members given hefty sentences in UK for trafficking Texting at the wheel could cause bankruptcy after insurers change terms Dutch provinces shoot down their own wolf management plan Sport Dutch Grand Prix to be axed after 2026, organisers cite high costs PSV open up gap as Saibari and Til strike twice against Utrecht Ajax draw 2-2 at home to Utrecht to hold on to second place
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