November 16, 2016 - By Clifton Ray · 0 Comments
MPG Office Trust Inc (NYSE:MPG) institutional sentiment increased to 2.15 in Q2 2016. Its up 0.97, from 1.18 in 2016Q1. The ratio increased, as 43 investment professionals started new and increased positions, while 20 cut down and sold stakes in MPG Office Trust Inc. The investment professionals in our partner’s database now own: 11.09 million shares, down from 12.89 million shares in 2016Q1. Also, the number of investment professionals holding MPG Office Trust Inc in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 5 Reduced: 15 Increased: 34 New Position: 9.
Metaldyne Performance Group Inc. provides components for use in engine, transmission and driveline and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The company has a market cap of $1.34 billion. The Firm produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers (OEMs) and Tier I suppliers. It has a 13.84 P/E ratio. The Firm operates through three divisions: HHI, Metaldyne and Grede.
About 379,844 shares traded hands. Metaldyne Performance Group Inc (NYSE:MPG) has risen 21.05% since April 14, 2016 and is uptrending. It has outperformed by 16.37% the S&P500.
According to Zacks Investment Research, “Metaldyne Performance Group Inc. is a provider of engineered components for the global light, commercial and industrial vehicle markets. The Company’s metal-forming manufacturing technologies and processes include aluminum die casting, forging, iron casting and powder metal forming as well as advanced machining and assembly. It operates primarily in the United States, Europe and internationally. Metaldyne Performance Group Inc. is headquartered in Plymouth, Michigan.”
Malaga Cove Capital Llc holds 3.79% of its portfolio in Metaldyne Performance Group Inc for 272,639 shares. Levin Capital Strategies L.P. owns 3.16 million shares or 0.78% of their US portfolio. Moreover, Aristotle Capital Boston Llc has 0.69% invested in the company for 224,618 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 0.62% in the stock. Anchorage Capital Group L.L.C., a New York-based fund reported 1.37 million shares.#img1#
Ratings analysis reveals 13% of MPG Office Trust’s analysts are positive. Out of 8 Wall Street analysts rating MPG Office Trust, 1 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $13 while the high is $26. The stock’s average target of $19.75 is -1.74% below today’s ($20.1) share price. MPG was included in 10 notes of analysts from October 14, 2015. Barclays Capital downgraded the shares of MPG in a report on Wednesday, November 11 to “Equal-Weight” rating. The stock of Metaldyne Performance Group Inc (NYSE:MPG) earned “Neutral” rating by Robert W. Baird on Wednesday, January 27. The firm earned “Sector Perform” rating on Wednesday, June 29 by RBC Capital Markets. The company was downgraded on Monday, November 9 by Nomura. Barclays Capital maintained it with “Equal Weight” rating and $13 target price in Monday, January 25 report. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Outperform”. The firm has “Neutral” rating given on Wednesday, October 14 by Goldman Sachs. Bank of America downgraded the shares of MPG in a report on Tuesday, June 21 to “Neutral” rating. As per Wednesday, November 4, the company rating was downgraded by Deutsche Bank.
Metaldyne Performance Group Inc., incorporated on June 9, 2014, provides components for use in engine, transmission and driveline (Powertrain) and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The Firm produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers (OEMs) and Tier I suppliers. The Firm operates through three divisions: HHI, Metaldyne and Grede. The Company’s HHI segment makes metal components for the North American light vehicle market. The Company’s Metaldyne segment makes metal Powertrain products for the global light vehicle markets. The Company’s Grede segment makes cast, machined and assembled components for the light, commercial and industrial (agriculture, construction, mining, rail, wind energy and oil field) vehicle and equipment end-markets.
More notable recent Metaldyne Performance Group Inc (NYSE:MPG) news were published by: Nasdaq.com which released: “Metaldyne Performance Group Inc. (MPG) Ex-Dividend Date Scheduled for November …” on November 15, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Gildan Activewear, Metaldyne Performance Group and PACCAR” published on November 14, 2016, Wsj.com published: “American Axle Reaches Deal for Metaldyne” on November 03, 2016. More interesting news about Metaldyne Performance Group Inc (NYSE:MPG) were released by: Prnewswire.com and their article: “Metaldyne Performance Group Inc. Acquisition May Not Be in the Best Interests …” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of Metaldyne Performance Group Inc.” with publication date: November 03, 2016.
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By Clifton Ray