Venator Capital Management Ltd. buys $4,485,519 stake in Magna International (USA) (MGA)

Magna International (USA) (MGA) : Venator Capital Management Ltd. scooped up 8,100 additional shares in Magna International (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 110,617 shares of Magna International (USA) which is valued at $4,485,519.Magna International (USA) makes up approximately 3.83% of Venator Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Squarepoint Ops sold out all of its stake in MGA during the most recent quarter. The investment firm sold 5,800 shares of MGA which is valued $235,190.Guardian Capital Advisors Lp reduced its stake in MGA by selling 472 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 22,468 shares of MGA which is valued at $911,077. Magna International (USA) makes up approx 0.16% of Guardian Capital Advisors Lp’s portfolio.Btc Capital Management boosted its stake in MGA in the latest quarter, The investment management firm added 1,132 additional shares and now holds a total of 6,259 shares of Magna International (USA) which is valued at $237,717. Magna International (USA) makes up approx 0.05% of Btc Capital Management’s portfolio.Msi Financial Services Inc boosted its stake in MGA in the latest quarter, The investment management firm added 2,574 additional shares and now holds a total of 6,030 shares of Magna International (USA) which is valued at $237,703. Magna International (USA) makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Shell Asset Management Co boosted its stake in MGA in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 68,751 shares of Magna International (USA) which is valued at $2,710,164. Magna International (USA) makes up approx 0.06% of Shell Asset Management Co’s portfolio.

Magna International (USA) opened for trading at $41.33 and hit $41.69 on the upside on Wednesday, eventually ending the session at $41.56, with a gain of 0.61% or 0.25 points. The heightened volatility saw the trading volume jump to 1,361,606 shares. Company has a market cap of $16,487 M.

On the company’s financial health, Magna International (USA) reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $1.34. The company had revenue of $9443.00 million for the quarter, compared to analysts expectations of $9204.19 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on Magna International (USA). Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $52 .

Magna International Inc. (Magna) is an automotive supplier with approximately 313 manufacturing operations and over 84 product development engineering and sales centers in approximately 28 countries. Its product capabilities include producing body chassis interior exterior seating powertrain electronic vision closure and roof systems and modules as well as vehicle engineering and contract manufacturing. Its customers include General Motors Fiat-Chrysler Ford BMW Daimler and Volkswagen. Its offers programs which include Ford Transit; MINI Countryman; Ford F-Series and F-Series Super Duty; QOROS 3; Ford Mustang; BMW X6; Mercedes-Benz M-Class; BMW X4 and Porsche Panamera. The Company operates in North America Europe and Asia.

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