Cardinal Capital Management Has Boosted By $1.28 Million Its Magna International (MGA) Position; Alio Gold (NYSEAMERICAN:ALO) Shorts Up By 43.85%

Cardinal Capital Management Inc increased Magna International Inc. (MGA) stake by 2.44% reported in 2017Q3 SEC filing. Cardinal Capital Management Inc acquired 24,076 shares as Magna International Inc. (MGA)’s stock declined 0.57%. The Cardinal Capital Management Inc holds 1.01M shares with $53.83 million value, up from 987,200 last quarter. Magna International Inc. now has $18.89 billion valuation. The stock decreased 4.04% or $2.29 during the last trading session, reaching $54.42. About 1.73M shares traded or 69.03% up from the average. Magna International Inc. (NYSE:MGA) has risen 15.97% since February 5, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

Alio Gold Incorporated (NYSEAMERICAN:ALO) had an increase of 43.85% in short interest. ALO’s SI was 112,200 shares in February as released by FINRA. Its up 43.85% from 78,000 shares previously. With 160,000 avg volume, 1 days are for Alio Gold Incorporated (NYSEAMERICAN:ALO)’s short sellers to cover ALO’s short positions. The stock decreased 6.17% or $0.2 during the last trading session, reaching $3.04. About 183,434 shares traded or 1.10% up from the average. Alio Gold Inc. (NYSEAMERICAN:ALO) has 0.00% since February 5, 2017 and is . It has underperformed by 16.70% the S&P500.

Alio Gold Inc., through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. The company has market cap of $130.96 million. It primarily explores for gold deposits. It has a 5.37 P/E ratio. The firm holds a 100 % interest in the Ana Paula Property in Guerrero, Mexico.

Cardinal Capital Management Inc decreased Pnc Financial Services Group I (NYSE:PNC) stake by 4,165 shares to 117,586 valued at $15.85 million in 2017Q3. It also reduced Microsoft Corp. (NASDAQ:MSFT) stake by 16,021 shares and now owns 214,525 shares. Johnson & Johnson (NYSE:JNJ) was reduced too.

Among 14 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Magna International has $75 highest and $41.0 lowest target. $60.29’s average target is 10.79% above currents $54.42 stock price. Magna International had 48 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Friday, June 16. The firm earned “Buy” rating on Sunday, September 17 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, January 10 by RBC Capital Markets. TD Securities downgraded it to “Hold” rating and $65.0 target in Friday, January 19 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 6. On Friday, July 21 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, January 16, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Hold” rating on Thursday, September 14 by BMO Capital Markets. JP Morgan upgraded Magna International Inc. (NYSE:MGA) on Friday, November 6 to “Overweight” rating. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) rating on Friday, November 6. RBC Capital Markets has “Outperform” rating and $64 target.