Marianas Fund Management adds Canadian Pacific Railway Limited (USA) (CP) to its portfolio

Canadian Pacific Railway Limited (USA) (CP) : Marianas Fund Management added new position in Canadian Pacific Railway Limited (USA) during the most recent quarter end. The investment management firm now holds 85,600 shares of Canadian Pacific Railway Limited (USA) which is valued at $12,626,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Canadian Pacific Railway Limited (USA) makes up approximately 2.53% of Marianas Fund Management’s portfolio.

Other Hedge Funds, Including , Echo Street Capital Management reduced its stake in CP by selling 4,111 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 88,783 shares of CP which is valued at $13,095,493. Canadian Pacific Railway Limited (USA) makes up approx 0.53% of Echo Street Capital Management’s portfolio.Renaissance Technologies reduced its stake in CP by selling 45,700 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 371,500 shares of CP which is valued at $54,796,250. Canadian Pacific Railway Limited (USA) makes up approx 0.10% of Renaissance Technologies’s portfolio.Agf Investments boosted its stake in CP in the latest quarter, The investment management firm added 3,901 additional shares and now holds a total of 8,336 shares of Canadian Pacific Railway Limited (USA) which is valued at $1,227,726. Canadian Pacific Railway Limited (USA) makes up approx 0.01% of Agf Investments’s portfolio.

Canadian Pacific Railway Limited (USA) opened for trading at $153.2407 and hit $154.93 on the upside on Thursday, eventually ending the session at $153.89, with a gain of 0.51% or 0.78 points. The heightened volatility saw the trading volume jump to 6,35,482 shares. Company has a market cap of $22,741 M.

On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $2.01. The company had revenue of $1450.00 million for the quarter, compared to analysts expectations of $1461.65 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.45 EPS.

Investors should note that on Jul 11, 2016, Canadian Pacific Railway Limited (USA) announced a cash dividend of $0.5000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 24, 2016.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 216 from a previous price target of $203 .Canadian Pacific Railway Limited (USA) was Downgraded by Buckingham Research to ” Neutral” on Jul 21, 2016. Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 168 from a previous price target of $166 .

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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