As Magna Intl INC (MGA) Shares Declined, Shareholder Guardian Capital LP Increased Stake by $11.42 Million

Magna International Inc. (NYSE:MGA) Corporate Logo

In Magna Intl Inc (MGA) was rose the stake held by Guardian Capital Lp. The decrease is 22.75% according to 2018Q3 Securities and Exchange filling. 219,542 shares were bought by Guardian Capital Lp as the company’s stock declined 15.56% with the market. The capital goods company at the end of 2018Q3 was valued at $62.18M. It’s up from 965,092 at the end of the previous reported quarter. Now it had 1.18 million shares held by the institutional investor . $17.18 billion is Magna Intl Inc’s MC. Ticker’s shares touched $52.42 during the last trading session after 0.93% change.Magna International Inc. has volume of 810,033 shares. Since February 2, 2018 MGA has declined 20.05% and is downtrending. MGA underperformed by 20.05% the S&P 500.

Guardian Capital Lp decreased its stake in Cameco Corp (NYSE:CCJ) by 334,499 shares to 3.26 million shares, valued at $37.19M in 2018Q3, according to the filing. It manages about $5.96 billion US Long portfolio. Guardian Capital Lp has cut its stake in Cdn Imperial Bk Comm Toronto (NYSE:CM) and also reduced its holding in Dowdupont Inc by 181,428 shares in the quarter, for a total of 27,314 shares.

For more Magna International Inc. (NYSE:MGA) news posted briefly go to: Seekingalpha.com, Globenewswire.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Magna International: A Dividend Growth Powerhouse – Seeking Alpha” posted on July 09, 2018, “Magna Announces Outlook NYSE:MGA – GlobeNewswire” on January 15, 2019, “Stocks To Watch: Action From Detroit And ICR – Seeking Alpha” with a publish date: January 12, 2019, “Magna International: Full Speed Ahead – Seeking Alpha” and the last “Valuation Analysis On Magna International, Inc. – Seeking Alpha” with publication date: January 04, 2019.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Total analysts of 4 have positions in Magna International (NYSE:MGA) as follows: 2 rated it a “Buy”, 1 with “Sell” and 1 with “Hold”. The positive are 50%. Since August 9, 2018 according to StockzIntelligence Inc Magna International has 5 analyst reports. On Monday, August 13 the rating was maintained by Morgan Stanley with “Underweight”. On Thursday, August 9 the rating was maintained by Citigroup with “Buy”. On Thursday, January 10 the rating was upgraded by TD Securities to “Buy”. On Friday, October 12 Citigroup maintained Magna International Inc. (NYSE:MGA) with “Buy” rating.

Magna International Inc. (NYSE:MGA) Analyst Ratings Chart

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