Ngam Advisors L.P. increased its stake in shares of Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,028 shares of the company’s stock after buying an additional 6,693 shares during the period. Ngam Advisors L.P.’s holdings in Canadian Pacific Railway were worth $7,334,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CP. Squarepoint Ops LLC bought a new stake in Canadian Pacific Railway during the first quarter valued at $624,000. First Republic Investment Management Inc. increased its stake in Canadian Pacific Railway by 70.6% in the first quarter. First Republic Investment Management Inc. now owns 13,844 shares of the company’s stock valued at $1,838,000 after buying an additional 5,731 shares in the last quarter. Barnett & Company Inc. bought a new stake in Canadian Pacific Railway during the first quarter valued at $186,000. Park National Corp OH increased its stake in Canadian Pacific Railway by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock valued at $214,000 after buying an additional 50 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Canadian Pacific Railway by 78.3% in the second quarter. Gateway Investment Advisers LLC now owns 57,598 shares of the company’s stock valued at $7,418,000 after buying an additional 25,287 shares in the last quarter. 68.67% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

Canadian Pacific Railway Ltd. (NYSE:CP) traded up 2.47% during mid-day trading on Wednesday, hitting $152.70. 711,777 shares of the stock were exchanged. Canadian Pacific Railway Ltd. has a one year low of $97.09 and a one year high of $157.34. The company has a market cap of $22.33 billion, a P/E ratio of 20.43 and a beta of 1.08. The company has a 50-day moving average price of $146.59 and a 200-day moving average price of $142.68.

Canadian Pacific Railway (NYSE:CP) last announced its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by $0.06. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.26 billion. Canadian Pacific Railway had a return on equity of 30.92% and a net margin of 24.33%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 EPS. Analysts forecast that Canadian Pacific Railway Ltd. will post $7.80 earnings per share for the current fiscal year.

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CP has been the topic of several research reports. Seaport Global Securities initiated coverage on shares of Canadian Pacific Railway in a report on Monday, October 24th. They set a “buy” rating and a $165.00 price objective on the stock. Vertical Research initiated coverage on shares of Canadian Pacific Railway in a report on Tuesday, October 11th. They set a “buy” rating on the stock. Scotiabank reissued an “outperform” rating and set a $220.00 price objective (up from $210.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. TD Securities reissued a “hold” rating and set a $205.00 price objective on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $220.00 price objective (up from $215.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the stock. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus target price of $182.15.

In other news, VP Peter John Edwards sold 15,300 shares of Canadian Pacific Railway stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $149.60, for a total transaction of $2,288,880.00. Following the completion of the sale, the vice president now directly owns 16,333 shares in the company, valued at $2,443,416.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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