3g Capital Partners Lp buys $72,755,348 stake in Canadian Pacific Railway Limited (USA) (CP)

Canadian Pacific Railway Limited (USA) (CP) : 3g Capital Partners Lp scooped up 434,054 additional shares in Canadian Pacific Railway Limited (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 509,884 shares of Canadian Pacific Railway Limited (USA) which is valued at $72,755,348.Canadian Pacific Railway Limited (USA) makes up approximately 6.19% of 3g Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Hansberger Growth Investors Lp reduced its stake in CP by selling 1,042 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 61,754 shares of CP which is valued at $8,811,678. Canadian Pacific Railway Limited (USA) makes up approx 6.94% of Hansberger Growth Investors Lp’s portfolio. Parkside Financial Bank Trust added CP to its portfolio by purchasing 64 company shares during the most recent quarter which is valued at $9,350.State Of Tennessee Treasury Department reduced its stake in CP by selling 25,706 shares or 12.77% in the most recent quarter. The Hedge Fund company now holds 175,577 shares of CP which is valued at $25,225,148. Canadian Pacific Railway Limited (USA) makes up approx 0.12% of State Of Tennessee Treasury Department’s portfolio.Kanaly Trust Co reduced its stake in CP by selling 979 shares or 25.12% in the most recent quarter. The Hedge Fund company now holds 2,918 shares of CP which is valued at $418,733. Canadian Pacific Railway Limited (USA) makes up approx 0.09% of Kanaly Trust Co’s portfolio.

Canadian Pacific Railway Limited (USA) closed down -0.62 points or -0.42% at $145.6 with 5,57,264 shares getting traded on Monday. Post opening the session at $145.69, the shares hit an intraday low of $145.09 and an intraday high of $146.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $2.79. The company had revenue of $1554.00 million for the quarter, compared to analysts expectations of $1608.60 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.69 EPS.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Seaport Global Securities Initiated Canadian Pacific Railway Limited (USA) on Oct 24, 2016 to “Buy”, Price Target of the shares are set at $165.Canadian Pacific Railway Limited (USA) was Downgraded by Raymond James to ” Outperform” on Oct 17, 2016.

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13700 miles serving the principal business centers of Canada from Montreal Quebec to Vancouver British Columbia (B.C.) and the United States Northeast and Midwest regions. The Company transports bulk commodities merchandise freight and intermodal traffic. Bulk commodities include Canadian grain U.S. grain coal potash and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts chemicals and plastics crude oil forest products and metals minerals and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train ship and truck and in domestic containers and trailers that can be moved by train and truck.

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