Recent Analysts Ratings MGM Resorts International (MGM)

Lloyd Doyle
March 14, 2018

The hedge fund held 50,000 shares of the hotels and resorts company at the end of 2017Q3, valued at $1.63 million, down from 75,000 at the end of the previous reported quarter. Nem (Call) now has $20.40B valuation. The stock traded within a range of $36.56 and $36.91. Tracking most recent quarter period, Price to book (P/B) ration is at 2.74 and Price to cash per share ration is at 13.55. Shenandoah Telecommunications Company (NASDAQ:SHEN) has risen 6.74% since March 13, 2017 and is uptrending.

Gfs Advisors Llc decreased Astrazeneca Plc (AZN) stake by 25% reported in 2017Q3 SEC filing.

In other MGM Resorts International news, President William Hornbuckle sold 60,000 shares of the company's stock in a transaction dated Friday, March 9th.

Institutions own 83.16% of MGM Resorts International (MGM)'s shares. The stock decreased 0.41% or $0.15 during the last trading session, reaching $36.64. About 4.84 million shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since March 13, 2017 and is uptrending. It has outperformed by 2.75% the S&P500.

Investors sentiment increased to 1.53 in 2017 Q3. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. Also, insider Corey Ian Sanders sold 23,134 shares of the company's stock in a transaction dated Monday, March 12th. The fund acquired 6,314 shares of the company's stock, valued at approximately $212,000. Axiom Intl Invsts Ltd Liability Corporation De holds 1.41% or 1.92M shares. Renaissance Technology Ltd Liability Corporation holds 0.05% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN) for 1.06M shares. Kelly Lawrence W Associate Ca owns 0.13% invested in AT&T Inc. It dropped, as 8 investors sold Shenandoah Telecommunications Company shares while 34 reduced holdings. State Teachers Retirement System invested 0% in Acorda Therapeutics, Inc. Oakbrook Investments Limited Liability Corporation, Illinois-based fund reported 20,870 shares. 850 are held by Guardian Tru. (NYSE:T) for 541,338 shares. Commerzbank Aktiengesellschaft Fi invested in 147,225 shares or 0.06% of the stock. 59,810 were accumulated by Budros Ruhlin Roe Inc. Huber Limited Liability has invested 2.74% in Citigroup Inc. Pittenger Anderson holds 0% or 710 shares in its portfolio. Shares for $5,347 were sold by ORBAN PAUL W on Monday, October 2. Gabelli Funds Limited invested 0.05% in Shenandoah Telecommunications Company (NASDAQ:SHEN). (NYSE:T) for 55,963 shares. The company now has an average rating of "Buy" and an average price target of $37.94. Therefore 36% are positive. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, November 8 report. The stock of Fresh Del Monte Produce Inc. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Nasdaq.com and their article: "MGM Resorts International (MGM) Ex-Dividend Date Scheduled for March 08, 2018" published on March 07, 2018 as well as Reviewjournal.com's news article titled: "Caesars raises parking rates at Las Vegas Strip properties" with publication date: March 01, 2018. Deutsche Bank has "Buy" rating and $3400 target. The firm has "Buy" rating given on Friday, February 17 by Stifel Nicolaus. Sei invested 0.04% in MGM Resorts International (NYSE:MGM). Wunderlich maintained Fresh Del Monte Produce Inc. The firm has "Underperform" rating by FBR Capital given on Friday, November 11. The stock has "Buy" rating by Buckingham Research on Thursday, August 11. Goldman Sachs reinitiated AT&T Inc. The firm has "Market Perform" rating given on Thursday, August 27 by Raymond James. Shanda Payment Holdings Ltd who had been investing in Acorda Therapeutics Inc for a number of months, seems to be bullish on the $1.20B market cap company. 6,389 are owned by Pinnacle Advisory Group Inc Incorporated Inc. Herman Mil (NASDAQ:MLHR) was reduced too.


Investors sentiment decreased to 1.06 in Q3 2017. Its up 0.36, from 0.89 in 2017Q2. It improved, as 56 investors sold C shares while 400 reduced holdings.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported. Asset Management One invested in 712,424 shares. Toronto Dominion Retail Bank stated it has 7,267 shares. Highvista Strategies reported 0.76% stake. Palestra Mgmt Limited holds 4.22% or 2.09M shares in its portfolio. Panagora Asset Mngmt has invested 0% of its portfolio in MGM Resorts International (NYSE:MGM). 159,484 were reported by Jane Street Limited Liability Corp.

Westchester Capital Management Llc decreased Sealed Air Corporation New (Put) (SEE) stake by 21.31% reported in 2017Q3 SEC filing. Centurylink Investment holds 52,893 shares. Balyasny Asset Mngmt Ltd Co stated it has 0.01% of its portfolio in MGM Resorts International (NYSE:MGM). 94 were accumulated by Assetmark Inc. Perella Weinberg Ptnrs Lp has 164,228 shares. This is an increase from MGM Resorts International's previous quarterly dividend of $0.11.

Since September 11, 2017, it had 0 buys, and 3 insider sales for $1.92 million activity. On Friday, February 23 the insider D'ARRIGO DANIEL sold $1.26M. MGM Resorts International has been given an analysts' mean target of 40.38. TAYLOR DANIEL J sold $434,632 worth of stock. Nwi Mgmt LP holds 1.53 million shares or 4.78% of its portfolio. It also upped Cars.Com Inc. stake by 142,980 shares and now owns 593,920 shares.

Some buy side analysts are also providing their Analysis on MGM Resorts International, where 4 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 3 said it's a HOLD, and 0 analysts rated the stock as Sell. Therefore 78% are positive. The business's revenue was up 5.5% on a year-over-year basis. analysts forecast that MGM Resorts International will post 1.39 earnings per share for the current year. The firm has "Buy" rating given on Friday, December 16 by Goldman Sachs. Susquehanna downgraded the shares of MGM in report on Tuesday, October 3 to "Neutral" rating. The firm earned "Outperform" rating on Friday, June 17 by Telsey Advisory Group. The stock of MGM Resorts International (NYSE:MGM) earned "Buy" rating by Argus Research on Thursday, October 6. The rating was maintained by Barclays Capital with "Equal Weight" on Wednesday, January 13. The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, August 30. Bank of America boosted their price objective on MGM Resorts International from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. The rating was maintained by Bank of America with "Buy" on Wednesday, February 21.

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