Short Interest in Genesee & Wyoming Inc (NYSE:GWR) Expands By 12.2%

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Genesee & Wyoming Inc (NYSE:GWR) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,320,000 shares, a growth of 12.2% from the September 30th total of 2,960,000 shares. Approximately 6.0% of the company’s stock are short sold. Based on an average daily trading volume, of 613,100 shares, the short-interest ratio is currently 5.4 days.

In other Genesee & Wyoming news, insider John C. Hellmann sold 23,469 shares of Genesee & Wyoming stock in a transaction on Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $2,581,590.00. Following the completion of the sale, the insider now owns 445,316 shares of the company’s stock, valued at approximately $48,984,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.72% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Genesee & Wyoming by 33.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,834 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 460 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Genesee & Wyoming by 39.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 638,012 shares of the transportation company’s stock valued at $63,801,000 after purchasing an additional 181,580 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Genesee & Wyoming by 63.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,700 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 2,600 shares in the last quarter. SG Americas Securities LLC raised its holdings in Genesee & Wyoming by 319.1% in the 2nd quarter. SG Americas Securities LLC now owns 18,220 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 13,873 shares during the period. Finally, BBVA USA Bancshares Inc. raised its holdings in Genesee & Wyoming by 27.4% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 7,295 shares of the transportation company’s stock worth $806,000 after acquiring an additional 1,568 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

Separately, ValuEngine downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Genesee & Wyoming currently has a consensus rating of “Hold” and a consensus target price of $102.81.

Shares of Genesee & Wyoming stock traded up $0.04 during midday trading on Friday, reaching $111.41. 365,602 shares of the company’s stock traded hands, compared to its average volume of 460,593. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 28.94 and a beta of 1.34. The company’s 50 day simple moving average is $110.94 and its 200 day simple moving average is $104.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.99 and a current ratio of 1.10. Genesee & Wyoming has a 52 week low of $68.27 and a 52 week high of $111.55.

About Genesee & Wyoming

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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