As Magna Intl (MGA) Stock Rose, Heathbridge Capital Management LTD Has Lowered Stake by $2.42 Million; Synchrony Finl (SYF) Market Value Declined While West Family Investments Has Lowered Its Position by $660,000

August 12, 2018 - By Carolyn Hewitt

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Heathbridge Capital Management Ltd decreased its stake in Magna Intl Inc (MGA) by 7.26% based on its latest 2018Q1 regulatory filing with the SEC. Heathbridge Capital Management Ltd sold 43,250 shares as the company’s stock rose 12.18% while stock markets declined. The institutional investor held 552,175 shares of the capital goods company at the end of 2018Q1, valued at $31.12 million, down from 595,425 at the end of the previous reported quarter. Heathbridge Capital Management Ltd who had been investing in Magna Intl Inc for a number of months, seems to be less bullish one the $18.41B market cap company. The stock decreased 1.52% or $0.82 during the last trading session, reaching $53.05. About 1.70M shares traded or 45.76% up from the average. Magna International Inc. (NYSE:MGA) has risen 43.85% since August 12, 2017 and is uptrending. It has outperformed by 31.28% the S&P500. Some Historical MGA News: 09/04/2018 – Mackenzie Canadian All Cap Balanced Exits Magna International; 10/05/2018 – Magna International Raises 2018 View To Sales $40.9B-$43.1B; 14/03/2018 – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale; 07/03/2018 Magna Launches New Composites Center of Excellence in Germany; 10/05/2018 – MAGNA CFO: ABOVE-MARKET GROWTH EXPECTED THROUGH 2020; 16/03/2018 – Top VC deals: Apple buys Texture, Magna backs Lyft, Snoop Dogg raises a $45 million fund; 10/05/2018 – MAGNA CEO: `CAUTIOUSLY OPTIMISTIC’ NAFTA DEAL WILL GET DONE; 11/05/2018 – MAGNA INTERNATIONAL INC MGA.N : CIBC RAISES TARGET PRICE TO $70 FROM $61; 17/05/2018 – Renesas and Magna Bring Advanced Safety Features to More Vehicle Segments and Consumers; 10/05/2018 – MAGNA INTERNATIONAL INC MGA.N : RBC RAISES TARGET PRICE TO $76 FROM $71

West Family Investments Inc decreased its stake in Synchrony Finl (SYF) by 15.34% based on its latest 2018Q1 regulatory filing with the SEC. West Family Investments Inc sold 20,000 shares as the company’s stock declined 4.76% with the market. The institutional investor held 110,362 shares of the consumer services company at the end of 2018Q1, valued at $3.70M, down from 130,362 at the end of the previous reported quarter. West Family Investments Inc who had been investing in Synchrony Finl for a number of months, seems to be less bullish one the $26.12B market cap company. The stock decreased 1.09% or $0.38 during the last trading session, reaching $34.35. About 7.07 million shares traded or 22.17% up from the average. Synchrony Financial (NYSE:SYF) has risen 30.77% since August 12, 2017 and is uptrending. It has outperformed by 18.20% the S&P500. Some Historical SYF News: 20/03/2018 – Moody’s Assigns Definitive Ratings To Synchrony’s 2018-1 Card Abs; 16/05/2018 – Synchrony Financial CEO Says Diversity Is Critical for Companies (Video); 31/05/2018 – KEANE: SYNCHRONY CONFIDENT IT CAN NAVIGATE RETAIL BANKRUPTCIES; 17/05/2018 – SYNCHRONY FINANCIAL SYF.N SETS QUARTERLY CASH DIVIDEND OF $0.21/SHR; 18/05/2018 – Fitch Expects to Rate Synchrony Bank’s Senior Unsecured Notes ‘BBB-‘; 12/03/2018 – Moody’s Assigns Provisional Ratings To Synchrony’s 2018-1 Card Abs; 21/04/2018 – DJ Synchrony Financial, Inst Holders, 1Q 2018 (SYF); 11/04/2018 – Crate and Barrel Partners with Synchrony to Offer Customers New Retail Financing Options; 17/05/2018 – SYNCHRONY FINL BOOSTS QTR DIV; 20/04/2018 – SYF 1Q PROVISION FOR LOAN LOSSES $1.36B, EST. $1.42B

More recent Magna International Inc. (NYSE:MGA) news were published by: Globenewswire.com which released: “Second Quarter 2018 Results Conference Call” on July 18, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For August 8, 2018” on August 08, 2018. Globenewswire.com‘s news article titled: “Magna Wins Three Innovation Awards From SPE Europe” with publication date: July 17, 2018 was also an interesting one.

Heathbridge Capital Management Ltd, which manages about $489.83M US Long portfolio, upped its stake in Transcanada Corp (NYSE:TRP) by 7,900 shares to 603,350 shares, valued at $24.86 million in 2018Q1, according to the filing.

Among 16 analysts covering Magna International (NYSE:MGA), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Magna International had 62 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Bank of America on Friday, March 16 with “Buy”. Citigroup maintained the shares of MGA in report on Thursday, August 9 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, August 1. The rating was maintained by RBC Capital Markets on Friday, January 6 with “Outperform”. The firm earned “Buy” rating on Friday, May 12 by TD Securities. The rating was downgraded by TD Securities to “Hold” on Friday, January 19. The rating was downgraded by Morgan Stanley on Monday, August 28 to “Equal-Weight”. Bank of America upgraded Magna International Inc. (NYSE:MGA) on Wednesday, October 18 to “Buy” rating. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Wednesday, January 17. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) on Thursday, January 14 with “Outperform” rating.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Seekingalpha.com which released: “Synchrony Financial’s Shares Offer Attractive Total Returns” on August 06, 2018, also Seekingalpha.com with their article: “Synchrony – Everything A Value Investor Could Want” published on August 04, 2018, Seekingalpha.com published: “Synchrony Financial: The Overhang That Is” on July 28, 2018. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Fool.com and their article: “Synchrony Financial Prepares for Life After Walmart” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “Synchrony: Value Even Without Walmart” with publication date: July 27, 2018.

West Family Investments Inc, which manages about $378.17 million US Long portfolio, upped its stake in Conocophillips (NYSE:COP) by 6,950 shares to 7,200 shares, valued at $427,000 in 2018Q1, according to the filing. It also increased its holding in Corporate Cap Tr Inc by 203,993 shares in the quarter, for a total of 564,487 shares, and has risen its stake in Fidus Invt Corp (NASDAQ:FDUS).

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on October, 19. They expect $0.78 earnings per share, up 11.43% or $0.08 from last year’s $0.7 per share. SYF’s profit will be $593.03M for 11.01 P/E if the $0.78 EPS becomes a reality. After $0.92 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -15.22% negative EPS growth.

Synchrony Financial (NYSE:SYF) Ratings Chart

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