As Magna Intl INC (MGA) Stock Price Rose, Aviva Plc Has Upped Stake by $4.44 Million

Magna International Inc. (NYSE:MGA) Logo

Aviva Plc increased its stake in Magna Intl Inc (MGA) by 62.04% based on its latest 2018Q4 regulatory filing with the SEC. Aviva Plc bought 98,615 shares as the company’s stock rose 7.14% with the market. The institutional investor held 257,569 shares of the capital goods company at the end of 2018Q4, valued at $11.71 million, up from 158,954 at the end of the previous reported quarter. Aviva Plc who had been investing in Magna Intl Inc for a number of months, seems to be bullish on the $14.31B market cap company. The stock decreased 0.16% or $0.07 during the last trading session, reaching $44.52. About 1.17M shares traded. Magna International Inc. (NYSE:MGA) has declined 1.92% since May 17, 2018 and is downtrending. It has underperformed by 6.29% the S&P500.

Aviva Plc, which manages about $13.41 billion US Long portfolio, decreased its stake in Kraft Heinz Co by 70,187 shares to 395,545 shares, valued at $17.02M in 2018Q4, according to the filing. It also reduced its holding in Becton Dickinson & Co (NYSE:BDX) by 22,561 shares in the quarter, leaving it with 532,083 shares, and cut its stake in Bank New York Mellon Corp (NYSE:BK).

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Globenewswire.com which released: “Magna Posts 2018 Annual Report NYSE:MGA – GlobeNewswire” on March 29, 2019, also Fool.ca with their article: “You’ve Been Warned: 3 New Stocks That Bay Street Just Downgraded – The Motley Fool Canada” published on April 20, 2019, Globenewswire.com published: “Magna Announces 2019 Annual Meeting Results NYSE:MGA – GlobeNewswire” on May 09, 2019. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Globenewswire.com and their article: “Magna Continues to Expand in Morocco With New Mirrors Facility – GlobeNewswire” published on April 23, 2019 as well as Fool.ca‘s news article titled: “3 Oversold Stocks That Could Be Bargains Buys Today! – The Motley Fool Canada” with publication date: May 14, 2019.

Magna International Inc. (NYSE:MGA) Ratings Coverage

Among 8 analysts covering Magna International (NYSE:MGA), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Magna International had 17 analyst reports since December 11, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, February 22 with “Buy”. The rating was maintained by Citigroup on Wednesday, February 27 with “Buy”. BMO Capital Markets downgraded it to “Market Perform” rating and $55 target in Thursday, March 21 report. As per Sunday, February 24, the company rating was maintained by Barclays Capital. On Tuesday, February 26 the stock rating was maintained by Morgan Stanley with “Sell”. Bank of America maintained the shares of MGA in report on Monday, February 25 with “Buy” rating. Wells Fargo maintained the stock with “Outperform” rating in Monday, February 25 report. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by TD Securities on Thursday, January 10.

Magna International Inc. (NYSE:MGA) Ratings Chart

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