Canadian Pacific Railway Limited (CP) Forms $180.04 Double Top; Mgic Investment (MTG) Sellers Decreased By 26.1% Their Shorts

Mgic Investment Corporation (NYSE:MTG) had a decrease of 26.1% in short interest. MTG’s SI was 3.22M shares in March as released by FINRA. Its down 26.1% from 4.35M shares previously. With 2.71 million avg volume, 1 days are for Mgic Investment Corporation (NYSE:MTG)’s short sellers to cover MTG’s short positions. The SI to Mgic Investment Corporation’s float is 0.88%. The stock decreased 9.36% or $1.38 during the last trading session, reaching $13.36. About 13.35 million shares traded or 367.98% up from the average. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since March 13, 2017 and is uptrending. It has outperformed by 43.42% the S&P500.

Canadian Pacific Railway Limited (CP) formed double top with $189.04 target or 5.00% above today’s $180.04 share price. Canadian Pacific Railway Limited (CP) has $26.15B valuation. The stock decreased 0.50% or $0.9 during the last trading session, reaching $180.04. About 187,895 shares traded. Canadian Pacific Railway Limited (NYSE:CP) has risen 21.39% since March 13, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.17, from 1.15 in 2017Q2. It increased, as 20 investors sold MGIC Investment Corporation shares while 89 reduced holdings. 37 funds opened positions while 88 raised stakes. 333.10 million shares or 3.73% more from 321.13 million shares in 2017Q2 were reported. Waddell And Reed Financial Inc owns 1.04 million shares for 0.03% of their portfolio. Aqr Cap Mngmt Ltd Liability Corp reported 3.31 million shares stake. Commonwealth Equity Services has 119,850 shares for 0.01% of their portfolio. Ameriprise Fin Inc has invested 0.04% in MGIC Investment Corporation (NYSE:MTG). Royal Bancshares Of Canada holds 0% or 70,718 shares in its portfolio. Group Inc One Trading L P holds 0.01% or 49,679 shares. Chickasaw has 0.01% invested in MGIC Investment Corporation (NYSE:MTG) for 21,500 shares. Moreover, Rhumbline Advisers has 0.01% invested in MGIC Investment Corporation (NYSE:MTG). First Mercantile Trust Company holds 0.13% or 55,663 shares in its portfolio. Massachusetts-based Eagleclaw Cap Managment Ltd Liability Corp has invested 0.32% in MGIC Investment Corporation (NYSE:MTG). Globeflex Cap L P reported 40,746 shares stake. Martingale Asset Mgmt L P reported 223,370 shares. Cibc Asset Management stated it has 12,795 shares or 0% of all its holdings. Commercial Bank Of New York Mellon owns 13.31M shares for 0.05% of their portfolio. Hillsdale Inc reported 0.24% in MGIC Investment Corporation (NYSE:MTG).

Among 13 analysts covering MGIC Investment Corp. (NYSE:MTG), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. MGIC Investment Corp. had 41 analyst reports since August 12, 2015 according to SRatingsIntel. FBR Capital maintained MGIC Investment Corporation (NYSE:MTG) rating on Friday, January 22. FBR Capital has “Mkt Perform” rating and $7 target. BTIG Research maintained the stock with “Buy” rating in Tuesday, November 14 report. The rating was upgraded by Keefe Bruyette & Woods on Monday, October 12 to “Outperform”. The stock has “Outperform” rating by FBR Capital on Wednesday, July 20. The stock of MGIC Investment Corporation (NYSE:MTG) has “Mkt Perform” rating given on Friday, October 16 by FBR Capital. The company was downgraded on Wednesday, April 20 by Compass Point. Compass Point upgraded the stock to “Buy” rating in Thursday, April 13 report. The company was maintained on Friday, October 20 by Bank of America. The rating was upgraded by FBR Capital to “Outperform” on Thursday, June 30. The stock of MGIC Investment Corporation (NYSE:MTG) has “Buy” rating given on Thursday, January 18 by RBC Capital Markets.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company has market cap of $4.96 billion. The firm offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It has a 14.12 P/E ratio. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements.

Among 28 analysts covering Canadian Pacific (NYSE:CP), 20 have Buy rating, 0 Sell and 8 Hold. Therefore 71% are positive. Canadian Pacific has $262.0 highest and $119 lowest target. $191.58’s average target is 6.41% above currents $180.04 stock price. Canadian Pacific had 71 analyst reports since September 30, 2015 according to SRatingsIntel. The rating was downgraded by Buckingham Research on Thursday, July 21 to “Neutral”. Argus Research maintained Canadian Pacific Railway Limited (NYSE:CP) on Thursday, October 19 with “Buy” rating. The company was upgraded on Tuesday, February 13 by Goldman Sachs. The rating was upgraded by J.P. Morgan to “Buy” on Thursday, October 12. The firm earned “Buy” rating on Friday, July 28 by Cowen & Co. The rating was downgraded by Canaccord Genuity on Wednesday, October 21 to “Hold”. The stock has “Outperform” rating by Cowen & Co on Wednesday, June 22. The firm has “Outperform” rating given on Wednesday, October 21 by Cowen & Co. The firm has “Hold” rating by Loop Capital given on Thursday, August 4. The stock of Canadian Pacific Railway Limited (NYSE:CP) has “Buy” rating given on Tuesday, July 11 by Stifel Nicolaus.