Magna International (USA) (MGA) : Augustine Asset Management Inc scooped up 1,875 additional shares in Magna International (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 87,700 shares of Magna International (USA) which is valued at $3,245,777.Magna International (USA) makes up approximately 2.52% of Augustine Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in MGA by selling 1,238 shares or 23.36% in the most recent quarter. The Hedge Fund company now holds 4,062 shares of MGA which is valued at $150,335.Raymond James Trust N.a. boosted its stake in MGA in the latest quarter, The investment management firm added 19,096 additional shares and now holds a total of 73,993 shares of Magna International (USA) which is valued at $2,590,495. Magna International (USA) makes up approx 0.22% of Raymond James Trust N.a.’s portfolio.
Magna International (USA) closed down -0.21 points or -0.56% at $37.48 with 15,36,040 shares getting traded on Friday. Post opening the session at $37.77, the shares hit an intraday low of $37.41 and an intraday high of $38.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Magna International (USA) reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.19. The company had revenue of $8900.00 million for the quarter, compared to analysts expectations of $8644.99 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
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.