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Hedge fund ExodusPoint boosted its CSX stake by 47.4%, despite the company missing earnings targets.
Hedge fund ExodusPoint Capital Management increased its stake in CSX Corporation by 47.4%, acquiring additional shares valued at $36 million.
CSX, a rail-based freight transportation company, reported quarterly earnings of $0.42 per share, falling short of analysts' expectations of $0.44.
Despite this, CSX maintains a "Moderate Buy" rating with an average target price of $36.20.
Institutional investors own 73.57% of CSX shares.
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El fondo de cobertura ExodusPoint incrementó su participación en CSX en un 47,4%, a pesar de que la compañía perdió los objetivos de ganancias.