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Here are the top Institutional holders of Magna International Inc. (MGA) shares

Magna International Inc. (NYSE: MGA) is -11.04% lower on its value in year-to-date trading and has touched a low of $46.71 and a high of $65.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGA stock was last observed hovering at around $52.72 in the last trading session, with the day’s loss setting it -0.16%.

Currently trading at $52.56, the stock is -2.36% and -4.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -0.30% at the moment leaves the stock -5.68% off its SMA200. MGA registered -1.89% loss for a year compared to 6-month gain of -0.59%. The firm has a 50-day simple moving average (SMA 50) of $0.49 and a 200-day simple moving average (SMA200) of $5.89.

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The stock witnessed a -3.01% loss in the last 1 month and extending the period to 3 months gives it a -11.20%, and is -1.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.94% over the month.

Magna International Inc. (MGA) has around 179000 employees, a market worth around $15.10B and $42.80B in sales. Current P/E ratio is 12.42 and Fwd P/E is 7.08. Profit margin for the company is 2.83%. Distance from 52-week low is 12.52% and -19.47% from its 52-week high. The company has generated returns on investments over the last 12 months (6.98%).

Magna International Inc. quarterly earnings per share for the current quarter are estimated at $1.27 with sales reaching $11.01B over the same period.The EPS is expected to grow by 11.07% this year, but quarterly earnings will post 4.30% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.

696 institutions hold shares in Magna International Inc. (MGA), with institutional investors hold 79.35% of the company’s shares. The shares outstanding are 286.55M, and float is at 268.52M with Short Float at 3.18%. Institutions hold 74.51% of the Float.

The top institutional shareholder in the company is Royal Bank of Canada with over 15.86 million shares valued at $894.88 million. The investor’s holdings represent 5.54% of the MGA Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of America Corporation with 11.01 million shares valued at $621.14 million to account for 3.84% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.83 million shares representing 3.43% and valued at over $554.86 million, while Price (T.Rowe) Associates Inc holds 2.97% of the shares totaling 8.49 million with a market value of $479.45 million.

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