“Big money” Positions
In 2018 Q4 MGM Resorts International (NYSE:MGM) big money sentiment decreased to 0.83, according to SEC.gov filings. So its down -0.20, from 2018Q3’s 1.03. 157 investment managers increased or opened new equity positions, while 189 sold and trimmed stakes in MGM Resorts International so the sentiment fall. These funds own 412.87 million shares, that’s up from 408.71 million shares in 2018Q3. Funds holding MGM Resorts International in top 10 decreased from 13 to 7 for a decrease of 6. 54 Investors Sold All; 135 Reduced Holdings; 105 increased stakes while 52 investment managers bought stakes.
Significant MGM Resorts International Investors
As of 2018 Q4 Beach Point Capital Management Lp has 12.76% invested in MGM Resorts International. MGM Resorts International’s shareholder Canyon Capital Advisors Llc owns 21.16 million shares as of 2018 Q4. Further, Land & Buildings Investment Management Llc reported 1.66 million shares in MGM Resorts International equivalent to 11.18% of its US long equity exposure. The New York-based fund Corvex Management Lp have invested about 7.6% of the fund’s stock portfolio in MGM Resorts International. The New York-based fund Waterfront Capital Partners Llc looks positive on MGM Resorts International, owning 1.38 million shares.
MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China.The company has $14.01 billion market cap. The firm operates through two divisions, Domestic Resorts and MGM China.The P/E ratio is 32.21. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
The stock decreased 3.01% or $0.81 during the last trading session, reaching $26.09.MGM Resorts International has volume of 5.68 million shares. Since March 24, 2018 MGM has declined 19.35% and is downtrending. MGM underperformed the S&P 500 by 23.72%.
On April, 25. Investors expect MGM Resorts International (NYSE:MGM) to reveal its quarterly earnings, as reported by RTT. earnings per share of $0.16 is 52.94 % down from 2018’s $0.34 EPS. MGM’s profit could be $85.91M if the current earnings per share of $0.16 is accurate. Wall Street now sees 14.29 % EPS growth despite MGM Resorts International last quarter’s EPS of $0.14.
Parkside Bancshares & reported 456 shs. Commonwealth Financial Bank Of Aus has invested 0.01% in MGM Resorts International (NYSE:MGM). 1.66 million were reported by Swiss State Bank. Athena Capital Advisors Lc accumulated 25 shs. Cranbrook Wealth Management Ltd Liability Co holds 0.01% or 1,100 shs. British Columbia Invest, British Columbia – Canada-based fund reported 201,783 shs. Gabelli Funds Llc stated it has 1.04M shs. Hightower Ltd Co has 0.01% invested in MGM Resorts International (NYSE:MGM) for 50,183 shs. Trexquant Investment Lp holds 0.14% or 95,568 shs in its capital. Walleye Trading Ltd Liability Company has invested 0.02% in MGM Resorts International (NYSE:MGM). Sun Life Inc invested 0.01% of its capital in MGM Resorts International (NYSE:MGM). Adage Cap Grp Ltd Liability Corporation stated it has 632,500 shs. Par Management Inc holds 0.24% or 600,000 shs in its capital. D E Shaw And holds 0.07% or 1.96 million shs. Bluemountain Management Ltd Liability has 0.01% invested in MGM Resorts International (NYSE:MGM).
MGM Resorts International had 2 selling transactions and 1 buy since November 2, 2018. This’s net activity of $3.46 million. $3.04M worth of MGM Resorts International (NYSE:MGM) was sold by BALDWIN ROBERT. On Thursday, March 7 GROUNDS WILLIAM WARWICK had bought 1,145 shs worth $30,075.
MGM Resorts International (NYSE:MGM) Ratings Coverage
In total 5 analysts cover MGM Resorts Intl (NYSE:MGM). “Buy” rating has 3, “Sell” are 0, while 2 are “Hold”. 60% are bullish. 8 are the (NYSE:MGM)’s analyst reports since February 14, 2019 according to StockzIntelligence Inc. On Wednesday, March 6 the rating was maintained by Morgan Stanley with “Overweight”. On Thursday, February 14 Morgan Stanley maintained the shares of MGM in report with “Overweight” rating. On Thursday, February 14 the firm earned “Buy” rating by Macquarie Research. On Wednesday, February 27 Deutsche Bank maintained the shares of MGM in report with “Hold” rating. The stock rating was maintained by Nomura with “Buy” on Thursday, February 14. On Wednesday, March 20 the firm has “Hold” rating by Credit Suisse given.
For more MGM Resorts International (NYSE:MGM) news published recently go to: Benzinga.com, Prnewswire.com, Seekingalpha.com, Benzinga.com or Seekingalpha.com. The titles are as follows: “Vegas Strip Revenue Down 4% In January (NYSE:LVS)(NYSE:MGM)(NASDAQ:CZR) – Benzinga” published on February 28, 2019, “MGM Resorts International Announces Extension Of Macau Gaming Sub-Concession To June 2022 – PRNewswire” on March 15, 2019, “MGM: One Too Many Ants At An Otherwise Nice Picnic – Seeking Alpha” with a publish date: March 14, 2019, “MGM Resorts International (NYSE:MGM) – MGM Resorts Q4 Earnings Preview – Benzinga” and the last “Nomura sees opportunities in Macau stocks – Seeking Alpha” with publication date: March 06, 2019.
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