Paloma Partners Management Company Has Lifted Magna International (MGA) Stake; Id Systems (IDSY) Has 0.47 Sentiment

April 17, 2018 - By Dolores Ford

Magna International Inc. (NYSE:MGA) Logo

Paloma Partners Management Company increased Magna International Inc (MGA) stake by 115.85% reported in 2017Q4 SEC filing. Paloma Partners Management Company acquired 23,553 shares as Magna International Inc (MGA)’s stock declined 4.65%. The Paloma Partners Management Company holds 43,884 shares with $2.49 million value, up from 20,331 last quarter. Magna International Inc now has $20.97B valuation. The stock decreased 0.23% or $0.14 during the last trading session, reaching $60.8. About 635,355 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since April 17, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

Id Systems Inc (IDSY) investors sentiment decreased to 0.47 in 2017 Q4. It’s down -2.10, from 2.57 in 2017Q3. The ratio turned negative, as 9 funds opened new or increased positions, while 19 sold and decreased their stock positions in Id Systems Inc. The funds in our database now hold: 5.65 million shares, down from 6.32 million shares in 2017Q3. Also, the number of funds holding Id Systems Inc in top ten positions decreased from 1 to 0 for a decrease of 1. Sold All: 8 Reduced: 11 Increased: 6 New Position: 3.

The stock increased 1.56% or $0.1 during the last trading session, reaching $6.53. About 7,267 shares traded. I.D. Systems, Inc. (IDSY) has risen 4.60% since April 17, 2017 and is uptrending. It has underperformed by 6.95% the S&P500.

Analysts await I.D. Systems, Inc. (NASDAQ:IDSY) to report earnings on May, 3. They expect $-0.08 earnings per share, up 42.86% or $0.06 from last year’s $-0.14 per share. After $-0.04 actual earnings per share reported by I.D. Systems, Inc. for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.

Cannell Capital Llc holds 3.43% of its portfolio in I.D. Systems, Inc. for 1.70 million shares. Archon Capital Management Llc owns 525,677 shares or 1.83% of their US portfolio. Moreover, Bard Associates Inc has 0.42% invested in the company for 125,980 shares. The Connecticut-based Ardsley Advisory Partners has invested 0.4% in the stock. Punch & Associates Investment Management Inc., a Minnesota-based fund reported 343,546 shares.

I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company has market cap of $113.88 million. The firm offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, rental vehicles, and transportation assets. It currently has negative earnings. It provides industrial and rental fleet asset management products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customerÂ’s computer network or to a remotely hosted server; server software, which manages data communications between the systemÂ’s database and wireless asset managers or on-asset hardware; and client software.

Since January 1, 0001, it had 0 insider purchases, and 2 sales for $686,000 activity.

Paloma Partners Management Company decreased Nxp Semiconductors Nv (NASDAQ:NXPI) stake by 66,223 shares to 37,577 valued at $4.40 million in 2017Q4. It also reduced Apple Inc (Call) (NASDAQ:AAPL) stake by 3,500 shares and now owns 24,500 shares. Mcdermott Intl Inc (NYSE:MDR) was reduced too.

Among 15 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 2 Sell and 4 Hold. Therefore 60% are positive. Magna International had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Wednesday, October 18 report. The stock of Magna International Inc. (NYSE:MGA) earned “Hold” rating by BMO Capital Markets on Thursday, September 14. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. The rating was maintained by BMO Capital Markets with “Hold” on Monday, November 6. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) rating on Thursday, February 22. RBC Capital Markets has “Buy” rating and $71.0 target. The stock of Magna International Inc. (NYSE:MGA) has “Buy” rating given on Wednesday, January 17 by RBC Capital Markets. TD Securities downgraded Magna International Inc. (NYSE:MGA) rating on Friday, January 19. TD Securities has “Hold” rating and $65.0 target. Goldman Sachs downgraded the shares of MGA in report on Monday, October 16 to “Sell” rating. The rating was maintained by Susquehanna on Wednesday, March 14 with “Hold”. As per Friday, November 6, the company rating was maintained by RBC Capital Markets.

I.D. Systems, Inc. (NASDAQ:IDSY) Institutional Positions Chart

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By1 Dolores Ford

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