Magna Intl (MGA) Holding Maintained by Eventide Asset Management Llc; Adirondack Research & Management Stake in Tri Pointe Group (TPH) Has Decreased as Share Price Rose

August 12, 2018 - By Robert Shackelford

Magna International Inc. (NYSE:MGA) Logo

Adirondack Research & Management Inc decreased its stake in Tri Pointe Group Inc (TPH) by 21.29% based on its latest 2018Q1 regulatory filing with the SEC. Adirondack Research & Management Inc sold 59,405 shares as the company’s stock rose 6.51% while stock markets declined. The institutional investor held 219,637 shares of the capital goods company at the end of 2018Q1, valued at $3.61 million, down from 279,042 at the end of the previous reported quarter. Adirondack Research & Management Inc who had been investing in Tri Pointe Group Inc for a number of months, seems to be less bullish one the $2.17 billion market cap company. The stock decreased 1.18% or $0.17 during the last trading session, reaching $14.25. About 3.25M shares traded or 103.44% up from the average. TRI Pointe Group, Inc. (NYSE:TPH) has risen 40.61% since August 12, 2017 and is uptrending. It has outperformed by 28.04% the S&P500. Some Historical TPH News: 06/03/2018 TRI Pointe Homes Northern California Honored with Six 2018 Eliant Homebuyers’ Choice Awards; 29/03/2018 – TRI Pointe Homes Colorado Names Darren DuPree as New President; 09/05/2018 – Winchester Homes Announces Birchwood at Brambleton Grand Opening; 08/03/2018 – TRI Pointe Homes Southern California Honored with Eight 2018 Eliant Homebuyers’ Choice Awards; 25/04/2018 – TRI POINTE 1Q REV. $583.4M, EST. $552.3M; 26/04/2018 – Winchester Homes Hosting Grand Opening for West Grove in Fairfax on May 5; 25/04/2018 – TRI POINTE 1Q EPS 28C; 25/04/2018 – TRI Pointe Group 1Q Net $42.9M; 09/03/2018 – Detailed Research: Economic Perspectives on US Ecology, MDC Partners, British American Tobacco p.l.c, TRI Pointe Group, Cresud

Eventide Asset Management Llc increased its stake in Magna Intl Inc (MGA) by 1.39% based on its latest 2018Q1 regulatory filing with the SEC. Eventide Asset Management Llc bought 8,500 shares as the company’s stock rose 12.18% while stock markets declined. The institutional investor held 618,500 shares of the capital goods company at the end of 2018Q1, valued at $34.85M, up from 610,000 at the end of the previous reported quarter. Eventide Asset Management Llc who had been investing in Magna Intl Inc for a number of months, seems to be bullish on the $18.87 billion 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: 02/04/2018 – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market; 10/05/2018 – MAGNA CEO EXPECTS MORE CONSOLIDATION AMONG AUTO SUPPLIERS; 10/05/2018 – Magna International 1Q Adj EPS $1.84; 10/05/2018 – Magna International Raises 2018 View To Net $2.4B-Net $2.6B; 15/03/2018 – Magna to supply Lyft with kits to make self-driving autos; 14/03/2018 – Auto parts maker Magna invests $200 million in Lyft; 14/05/2018 – MAGNA INTERNATIONAL INC MGA.N : SUSQUENHANNA RAISES TARGET PRICE TO $69 FROM $57; 14/03/2018 – Magna invests $200m in Lyft in latest autonomous driving alliance; 02/04/2018 – MAGNA INTERNATIONAL INC – DEAL SIGNED WITH GUANGZHOU AUTOMOBILE GROUP CO., LTD. SUBSIDIARY; 10/05/2018 – MAGNA CFO: CAPITAL SPENDING EXPECTED TO FALL OVER NEXT 2 YEARS

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 stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Friday, July 21. The rating was maintained by Deutsche Bank on Friday, August 14 with “Buy”. Macquarie Research upgraded Magna International Inc. (NYSE:MGA) on Monday, February 27 to “Outperform” rating. The rating was maintained by JP Morgan on Monday, June 4 with “Overweight”. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Sunday, September 17. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 6. The firm has “Buy” rating by TD Securities given on Monday, October 16. The firm has “Buy” rating given on Tuesday, May 22 by Citigroup. Susquehanna maintained Magna International Inc. (NYSE:MGA) rating on Wednesday, March 14. Susquehanna has “Hold” rating and $57.0 target. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, June 22 report.

Eventide Asset Management Llc, which manages about $1.15B and $2.14 billion US Long portfolio, decreased its stake in Twilio Inc by 248,000 shares to 327,000 shares, valued at $12.49M in 2018Q1, according to the filing. It also reduced its holding in Eiger Biopharmaceuticals Inc by 62,000 shares in the quarter, leaving it with 63,000 shares, and cut its stake in Steel Dynamics Inc (NASDAQ:STLD).

More important recent Magna International Inc. (NYSE:MGA) news were published by: Benzinga.com which released: “Earnings Scheduled For August 8, 2018” on August 08, 2018, also Globenewswire.com published article titled: “Magna Wins Three Innovation Awards From SPE Europe”, Benzinga.com published: “Jim Cramer Weighs In On Arch Coal, AbbVie And More” on August 10, 2018. More interesting news about Magna International Inc. (NYSE:MGA) was released by: Globenewswire.com and their article: “Second Quarter 2018 Results Conference Call” with publication date: July 18, 2018.

Since April 27, 2018, it had 0 buys, and 5 selling transactions for $3.83 million activity. The insider BAUER DOUGLAS F. sold $99,400. The insider KEELER GLENN J. sold $188,723.

Analysts await TRI Pointe Group, Inc. (NYSE:TPH) to report earnings on October, 24. They expect $0.39 earnings per share, down 18.75% or $0.09 from last year’s $0.48 per share. TPH’s profit will be $59.31M for 9.13 P/E if the $0.39 EPS becomes a reality. After $0.42 actual earnings per share reported by TRI Pointe Group, Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Adirondack Research & Management Inc, which manages about $287.86M and $249.38 million US Long portfolio, upped its stake in Gray Television Inc (NYSE:GTN) by 156,230 shares to 338,030 shares, valued at $4.29 million in 2018Q1, according to the filing. It also increased its holding in Tetra Technologies Inc Del (NYSE:TTI) by 108,865 shares in the quarter, for a total of 665,215 shares, and has risen its stake in Sanmina Corporation (NASDAQ:SANM).

Among 11 analysts covering TRI Pointe Homes (NYSE:TPH), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. TRI Pointe Homes had 30 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 5 by Barclays Capital. The stock of TRI Pointe Group, Inc. (NYSE:TPH) has “Buy” rating given on Monday, July 30 by FBR Capital. The rating was maintained by Deutsche Bank on Friday, March 18 with “Buy”. The firm has “Hold” rating given on Thursday, October 26 by BTIG Research. The rating was maintained by FBR Capital on Thursday, April 28 with “Outperform”. The firm has “Buy” rating given on Wednesday, February 21 by FBR Capital. Zacks upgraded TRI Pointe Group, Inc. (NYSE:TPH) on Wednesday, August 12 to “Hold” rating. Deutsche Bank downgraded the stock to “Hold” rating in Monday, February 27 report. The rating was initiated by Barclays Capital on Friday, January 6 with “Overweight”. The firm has “Outperform” rating given on Tuesday, September 20 by Wedbush.

TRI Pointe Group, Inc. (NYSE:TPH) Institutional Positions Chart

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