Magna International Inc. (MGA) Shares Sold by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC lowered its holdings in shares of Magna International Inc. (NYSE:MGA) (TSE:MG) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,520 shares of the company’s stock after selling 2,775 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Magna International were worth $2,749,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Magna International by 17.2% during the 2nd quarter. Advisory Services Network LLC now owns 4,257 shares of the company’s stock valued at $197,000 after purchasing an additional 625 shares during the last quarter. Westwood Management Corp IL bought a new position in shares of Magna International during the 3rd quarter valued at $214,000. Segall Bryant & Hamill LLC bought a new position in shares of Magna International during the 3rd quarter valued at $214,000. Laurel Wealth Advisors Inc. grew its holdings in shares of Magna International by 5.1% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 5,361 shares of the company’s stock valued at $248,000 after purchasing an additional 261 shares during the last quarter. Finally, Financial Counselors Inc. bought a new position in shares of Magna International during the 3rd quarter valued at $258,000. 59.48% of the stock is currently owned by institutional investors.

Shares of Magna International Inc. (MGA) traded down $1.19 on Monday, reaching $58.28. 1,336,300 shares of the company’s stock traded hands, compared to its average volume of 1,426,661. The stock has a market cap of $20,800.00, a PE ratio of 10.39, a P/E/G ratio of 0.92 and a beta of 1.50. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 0.28. Magna International Inc. has a fifty-two week low of $39.50 and a fifty-two week high of $59.99.

Magna International (NYSE:MGA) (TSE:MG) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.05. The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.26 billion. Magna International had a net margin of 5.63% and a return on equity of 19.46%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. analysts predict that Magna International Inc. will post 5.97 earnings per share for the current fiscal year.

Several equities analysts recently commented on MGA shares. KeyCorp increased their target price on shares of Magna International from $55.00 to $59.00 and gave the company a “buy” rating in a report on Friday, October 13th. Goldman Sachs Group lowered shares of Magna International from a “neutral” rating to a “sell” rating and reduced their target price for the company from $45.00 to $41.00 in a report on Monday, October 16th. TD Securities reaffirmed a “buy” rating and set a $56.00 target price on shares of Magna International in a report on Tuesday, October 17th. Bank of America raised shares of Magna International from an “underperform” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, October 18th. Finally, ValuEngine raised shares of Magna International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $61.54.

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Magna International Company Profile

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

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Institutional Ownership by Quarter for Magna International (NYSE:MGA)

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