As Magna Intl (MGA) Market Value Declined, Omers Administration Has Upped Holding; Dt Investment Partners Has Lifted Its Leggett & Platt (LEG) Holding by $317,767

May 23, 2018 - By Adrian Mccoy

Magna International Inc. (NYSE:MGA) Logo

Omers Administration Corp increased its stake in Magna Intl Inc (MGA) by 49.67% based on its latest 2017Q4 regulatory filing with the SEC. Omers Administration Corp bought 39,528 shares as the company’s stock declined 4.65% with the market. The institutional investor held 119,107 shares of the capital goods company at the end of 2017Q4, valued at $6.77M, up from 79,579 at the end of the previous reported quarter. Omers Administration Corp who had been investing in Magna Intl Inc for a number of months, seems to be bullish on the $23.40 billion market cap company. The stock decreased 0.58% or $0.39 during the last trading session, reaching $66.29. About 903,759 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since May 23, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

Dt Investment Partners Llc increased its stake in Leggett & Platt Inc (LEG) by 23.17% based on its latest 2017Q4 regulatory filing with the SEC. Dt Investment Partners Llc bought 6,761 shares as the company’s stock declined 7.31% with the market. The institutional investor held 35,941 shares of the consumer durables company at the end of 2017Q4, valued at $1.72M, up from 29,180 at the end of the previous reported quarter. Dt Investment Partners Llc who had been investing in Leggett & Platt Inc for a number of months, seems to be bullish on the $5.50 billion market cap company. The stock decreased 1.55% or $0.66 during the last trading session, reaching $41.92. About 585,342 shares traded. Leggett & Platt, Incorporated (NYSE:LEG) has declined 12.44% since May 23, 2017 and is downtrending. It has underperformed by 23.99% the S&P500.

More important recent Leggett & Platt, Incorporated (NYSE:LEG) news were published by: Seekingalpha.com which released: “Leggett & Platt’s (LEG) CEO Karl Glassman on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018, also Investorplace.com published article titled: “4 Notable Dividend Increases From the Past Week — Including Lam Research Corproation”, Globenewswire.com published: “Analysis: Positioning to Benefit within USA Compression Partners, LP, Kadmon, Repligen, Independent Bank, Leggett …” on May 01, 2018. More interesting news about Leggett & Platt, Incorporated (NYSE:LEG) was released by: Seekingalpha.com and their article: “Expected Dividend Increases In May 2018” with publication date: May 01, 2018.

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.08, from 1.12 in 2017Q3. It improved, as 34 investors sold LEG shares while 128 reduced holdings. 58 funds opened positions while 137 raised stakes. 94.38 million shares or 6.18% more from 88.88 million shares in 2017Q3 were reported. Polar Asset Mgmt Prtn holds 393,800 shares. First Quadrant LP Ca reported 242 shares stake. First Manhattan Co, a New York-based fund reported 73,355 shares. Crawford Invest Counsel stated it has 5,270 shares or 0.01% of all its holdings. Millennium Mngmt Ltd Liability Com reported 607,097 shares or 0.04% of all its holdings. Geode Capital Mngmt Ltd Llc holds 0.03% or 1.58 million shares in its portfolio. 11,600 are owned by Leavell Inv Mgmt Inc. Private Advisor Grp Ltd Liability Company holds 0.01% in Leggett & Platt, Incorporated (NYSE:LEG) or 5,926 shares. Comerica Savings Bank stated it has 81,876 shares. Stone Ridge Asset Management Ltd Liability Corp holds 0.05% or 14,910 shares. Massachusetts-based Rampart Invest Management Llc has invested 0.03% in Leggett & Platt, Incorporated (NYSE:LEG). Northstar Invest Advsrs Lc owns 4,295 shares for 0.04% of their portfolio. Hamilton Point Investment Advsrs Limited Liability Company holds 0.78% in Leggett & Platt, Incorporated (NYSE:LEG) or 31,057 shares. Livingston Gp Asset Management (Operating As Southport Management) accumulated 14,450 shares. Silvercrest Asset Mngmt Group Ltd Llc stated it has 5,540 shares.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Leggett & Platt had 22 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “” rating by Raymond James given on Monday, August 31. The stock of Leggett & Platt, Incorporated (NYSE:LEG) earned “Long-Term Buy” rating by Hilliard Lyons on Monday, July 24. Hilliard Lyons downgraded the shares of LEG in report on Friday, July 29 to “Underperform” rating. The firm has “Overweight” rating given on Monday, June 5 by Piper Jaffray. The firm earned “Buy” rating on Friday, September 22 by Suntrust Robinson. The firm has “Buy” rating given on Wednesday, October 11 by Piper Jaffray. Raymond James upgraded the shares of LEG in report on Wednesday, February 1 to “Strong Buy” rating. The company was maintained on Friday, April 27 by Credit Suisse. The firm earned “Buy” rating on Friday, September 22 by SunTrust. The stock of Leggett & Platt, Incorporated (NYSE:LEG) has “Overweight” rating given on Friday, September 11 by JP Morgan.

Since December 12, 2017, it had 0 insider purchases, and 5 sales for $1.67 million activity. $11,620 worth of stock was sold by TRENT TAMMY M on Tuesday, December 12. GLASSMAN KARL G sold $474,100 worth of stock or 10,000 shares. $265,074 worth of Leggett & Platt, Incorporated (NYSE:LEG) was sold by ENLOE ROBERT TED III. The insider DeSonier David M sold $452,750.

Omers Administration Corp, which manages about $9.78 billion US Long portfolio, decreased its stake in Cbre Group Inc (NYSE:CBG) by 606,544 shares to 4.36 million shares, valued at $188.77 million in 2017Q4, according to the filing. It also reduced its holding in Lyondellbasell Industries N (NYSE:LYB) by 21,600 shares in the quarter, leaving it with 12,400 shares, and cut its stake in General Mtrs Co (NYSE:GM).

More notable recent Magna International Inc. (NYSE:MGA) news were published by: Globenewswire.com which released: “Magna Wins LiDAR Business With BMW Group” on April 26, 2018, also Fool.ca with their article: “Sorting Out the Winners and Losers From Higher Gasoline Prices” published on May 20, 2018, Seekingalpha.com published: “Magna International: Full Speed Ahead” on May 13, 2018. More interesting news about Magna International Inc. (NYSE:MGA) were released by: Globenewswire.com and their article: “Magna Announces 2018 Annual Meeting Results” published on May 10, 2018 as well as Streetinsider.com‘s news article titled: “Evercore ISI Starts Magna Int’l (MGA) at Outperform” with publication date: May 14, 2018.

Among 16 analysts covering Magna International (NYSE:MGA), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Magna International had 60 analyst reports since August 6, 2015 according to SRatingsIntel. Macquarie Research upgraded Magna International Inc. (NYSE:MGA) on Monday, February 27 to “Outperform” rating. RBC Capital Markets maintained the shares of MGA in report on Friday, November 6 with “Outperform” rating. The stock of Magna International Inc. (NYSE:MGA) has “Buy” rating given on Sunday, October 29 by RBC Capital Markets. The company was maintained on Thursday, September 14 by BMO Capital Markets. On Friday, January 13 the stock rating was downgraded by TD Securities to “Hold”. The firm has “Buy” rating given on Friday, May 12 by TD Securities. The company was upgraded on Friday, January 12 by Wells Fargo. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 10. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, June 28. The stock of Magna International Inc. (NYSE:MGA) earned “Hold” rating by BMO Capital Markets on Tuesday, August 1.

Leggett & Platt, Incorporated (NYSE:LEG) Institutional Positions Chart

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