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As Magna International (MGA) Share Price Declined, Cardinal Capital Management Has Raised Stake; Blue Ridge Capital Upped Its Pioneer Nat Res Co (PXD) Holding by $44.72 Million

John Griffin increased its stake in Pioneer Nat Res Co (PXD) by 38.39% based on its latest 2017Q3 regulatory filing with the SEC. Blue Ridge Capital Llc bought 304,240 shares as the company’s stock declined 8.01% while stock markets rallied. The hedge fund run by John Griffin held 1.10 million shares of the oil & gas production company at the end of 2017Q3, valued at $161.80 million, up from 792,400 at the end of the previous reported quarter. Blue Ridge Capital Llc who had been investing in Pioneer Nat Res Co for a number of months, seems to be bullish on the $30.30B market cap company. The stock increased 0.28% or $0.49 during the last trading session, reaching $177.9. About 511,002 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 23, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Cardinal Capital Management Inc increased its stake in Magna International Inc. (MGA) by 2.44% based on its latest 2017Q3 regulatory filing with the SEC. Cardinal Capital Management Inc bought 24,076 shares as the company’s stock declined 0.57% while stock markets rallied. The institutional investor held 1.01M shares of the capital goods company at the end of 2017Q3, valued at $53.83M, up from 987,200 at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Magna International Inc. for a number of months, seems to be bullish on the $19.97B market cap company. The stock increased 0.29% or $0.16 during the last trading session, reaching $56.25. About 470,634 shares traded. Magna International Inc. (NYSE:MGA) has risen 15.97% since February 23, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

Among 14 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Magna International had 48 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Friday, January 19 by TD Securities. Citigroup upgraded the shares of MGA in report on Monday, January 25 to “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Sunday, October 29. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, August 28. The company was upgraded on Friday, January 12 by Wells Fargo. On Monday, October 16 the stock rating was downgraded by Goldman Sachs to “Sell”. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) on Wednesday, January 17 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $6000 target in Friday, July 21 report. On Monday, November 6 the stock rating was maintained by BMO Capital Markets with “Hold”. TD Securities maintained the stock with “Buy” rating in Monday, October 16 report.

Cardinal Capital Management Inc, which manages about $1.84 billion and $1.08 billion US Long portfolio, decreased its stake in Honeywell International Inc. (NYSE:HON) by 3,380 shares to 117,618 shares, valued at $16.67 million in 2017Q3, according to the filing. It also reduced its holding in Deere & Co. (NYSE:DE) by 5,155 shares in the quarter, leaving it with 96,041 shares, and cut its stake in Nextera Energy Inc. (NYSE:NEE).

Since September 11, 2017, it had 0 insider purchases, and 5 insider sales for $941,910 activity. Grillot Larry R. sold $31,870 worth of stock. DOVE TIMOTHY L had sold 1,000 shares worth $159,505 on Tuesday, December 12. Hopkins Frank E had sold 2,000 shares worth $320,000 on Monday, December 18. 880 shares were sold by Fairbrook Teresa A, worth $114,835 on Monday, September 11.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.07, from 1.1 in 2017Q2. It fall, as 78 investors sold PXD shares while 197 reduced holdings. 73 funds opened positions while 209 raised stakes. 151.85 million shares or 0.71% less from 152.94 million shares in 2017Q2 were reported. 1.03 million were reported by Fred Alger Inc. Washington Trust National Bank invested 0.49% in Pioneer Natural Resources Company (NYSE:PXD). Point72 Asset Mngmt LP owns 739,763 shares. Cibc Commercial Bank Usa stated it has 1,375 shares or 0.03% of all its holdings. Bancorporation Of Nova Scotia owns 29,507 shares. 10,979 are owned by Hap Trading. San Francisco Sentry Invest Group Inc (Ca), California-based fund reported 123 shares. Guggenheim Capital Lc holds 0.11% or 326,712 shares. Dekabank Deutsche Girozentrale has 54,168 shares for 0.06% of their portfolio. Cohen Steers Incorporated owns 104,279 shares. Glg Ltd Limited Liability Company owns 32,077 shares for 0.31% of their portfolio. Coe Capital Management Ltd holds 8,300 shares. Alyeska Invest Gru Limited Partnership reported 171,902 shares. Shell Asset Mgmt Communication holds 0.07% or 22,044 shares. Uss Mngmt Ltd accumulated 0.91% or 800,000 shares.

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