MagneGas (MNGA) Reaches $0.47 52-Week Low; Managed Asset Portfolios Increased Its Campbell Soup Co (CPB) Stake

May 27, 2018 - By Peter Erickson

MagneGas Corporation (NASDAQ:MNGA) Logo

The stock of MagneGas Corporation (NASDAQ:MNGA) hit a new 52-week low and has $0.44 target or 6.00% below today’s $0.47 share price. The 6 months bearish chart indicates high risk for the $7.31 million company. The 1-year low was reported on May, 27 by Barchart.com. If the $0.44 price target is reached, the company will be worth $438,780 less. The stock decreased 11.83% or $0.0624 during the last trading session, reaching $0.4651. About 646,925 shares traded. MagneGas Corporation (NASDAQ:MNGA) has declined 98.55% since May 27, 2017 and is downtrending. It has underperformed by 110.10% the S&P500.

Managed Asset Portfolios Llc increased Campbell Soup Co (CPB) stake by 4.94% reported in 2017Q4 SEC filing. Managed Asset Portfolios Llc acquired 13,001 shares as Campbell Soup Co (CPB)’s stock declined 12.47%. The Managed Asset Portfolios Llc holds 276,240 shares with $13.29 million value, up from 263,239 last quarter. Campbell Soup Co now has $10.40 billion valuation. The stock increased 0.76% or $0.26 during the last trading session, reaching $34.6. About 4.96M shares traded or 33.29% up from the average. Campbell Soup Company (NYSE:CPB) has declined 25.74% since May 27, 2017 and is downtrending. It has underperformed by 37.29% the S&P500.

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.08, from 0.98 in 2017Q3. It increased, as 51 investors sold CPB shares while 148 reduced holdings. 66 funds opened positions while 144 raised stakes. 147.14 million shares or 7.00% more from 137.50 million shares in 2017Q3 were reported. Fmr Lc accumulated 5.01 million shares. Ubs Asset Mngmt Americas owns 1.02 million shares or 0.04% of their US portfolio. Comerica National Bank owns 46,911 shares for 0.01% of their portfolio. Amundi Pioneer Asset Mngmt Inc invested 0.02% of its portfolio in Campbell Soup Company (NYSE:CPB). Tarbox Family Office holds 0% of its portfolio in Campbell Soup Company (NYSE:CPB) for 24 shares. Thompson Siegel & Walmsley Limited Liability Company, Virginia-based fund reported 350 shares. Pacad Inv invested in 0.08% or 7,200 shares. Wisconsin-based Northwestern Mutual Wealth has invested 0% in Campbell Soup Company (NYSE:CPB). Dumont Blake Advsr Ltd Limited Liability Company invested 0.11% of its portfolio in Campbell Soup Company (NYSE:CPB). Alliancebernstein Lp has invested 0.01% in Campbell Soup Company (NYSE:CPB). 16.56 million were reported by Vanguard Group Inc Inc. Boyar Asset Management owns 26,850 shares for 0.92% of their portfolio. Cibc Asset Mngmt holds 33,023 shares or 0.01% of its portfolio. The Germany-based Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.07% in Campbell Soup Company (NYSE:CPB). Parallax Volatility Advisers Ltd Partnership holds 0% or 5,752 shares in its portfolio.

Among 17 analysts covering Campbell Soup (NYSE:CPB), 2 have Buy rating, 8 Sell and 7 Hold. Therefore 12% are positive. Campbell Soup had 64 analyst reports since July 23, 2015 according to SRatingsIntel. On Wednesday, November 23 the stock rating was maintained by Credit Suisse with “Underperform”. As per Tuesday, March 21, the company rating was downgraded by Bernstein. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, September 4. As per Tuesday, January 19, the company rating was upgraded by JP Morgan. The rating was maintained by Piper Jaffray with “Hold” on Thursday, August 31. The rating was maintained by Credit Suisse with “Underperform” on Friday, September 1. The rating was maintained by Credit Suisse on Thursday, May 25 with “Sell”. The company was maintained on Friday, September 2 by UBS. The company was maintained on Tuesday, February 21 by Stifel Nicolaus. On Wednesday, October 11 the stock rating was maintained by Piper Jaffray with “Hold”.

Since December 20, 2017, it had 1 buying transaction, and 1 sale for $112,624 activity. On Wednesday, December 20 the insider Carolan Edward sold $312,975. The insider Mignini Luca bought 4,400 shares worth $200,351.

More notable recent Campbell Soup Company (NYSE:CPB) news were published by: Seekingalpha.com which released: “Campbell Soup: Mmm Mmm Capitulation” on May 24, 2018, also Seekingalpha.com with their article: “Campbell Soup: Attractive Risk/Reward Setup” published on May 21, 2018, Seekingalpha.com published: “No Soup For You, Campbell Investors!” on May 21, 2018. More interesting news about Campbell Soup Company (NYSE:CPB) were released by: Seekingalpha.com and their article: “Campbell Soup: Avoid” published on May 18, 2018 as well as 247Wallst.com‘s news article titled: “6 Most Important Things in Business Today” with publication date: May 21, 2018.

Among 2 analysts covering MagneGas (NASDAQ:MNGA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. MagneGas had 3 analyst reports since April 13, 2016 according to SRatingsIntel. The stock has “Buy” rating by H.C. Wainwright on Wednesday, April 4. On Wednesday, April 13 the stock rating was initiated by Rodman & Renshaw with “Buy”.

MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of liquid and liquid waste in the United States and internationally. The company has market cap of $7.31 million. The firm produces gas bottled in cylinders and distributes to the metalworking market as an alternative to acetylene. It currently has negative earnings. It offers MagneGas2, a hydrogen based fuel for metal cutting; and MagneTote, a metal cutting torch system primarily used in the firefighting industry.

Campbell Soup Company (NYSE:CPB) Institutional Positions Chart

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