On Jun 27, 2018 MGM Resorts (NYSE:MGM) Was Downgraded From Buy.

June 27, 2018 - By Ira Colvard

MGM Resorts International (NYSE:MGM) Corporate Logo

Big Money Sentiment decreased to 0.89 in Q1 2018. It has change of 0.06, from 2017Q4’s 0.95. The ratio dived due to MGM Resorts International positioning: 54 sold and 147 reduced. 57 funds took positions and 121 increased positions. Investors holded 450.52 million in 2017Q4 but now own 443.98 million shares or 1.45% less.

Envestnet Asset Mngmt holds 13,285 shs or 0% of its capital. Ssi Inv Management, California-based fund reported 6,225 shs. Crystal Rock Management, a Illinois-based fund reported 93,515 shs. Ent Corporation holds 35 shs or 0% of its capital. Moors Cabot Inc accumulated 5,900 shs. Korea Corporation invested 0.06% of its capital in MGM Resorts International (NYSE:MGM). Teachers Retirement System Of The State Of Kentucky owns 57,200 shs or 0.02% of their US capital. Advantus Mgmt Inc has 0.05% invested in MGM Resorts International (NYSE:MGM). Regions Financial owns 995 shs or 0% of their US capital. 454,291 are held by Td Asset Mngmt. Wright Investors Ser Inc holds 0.11% in MGM Resorts International (NYSE:MGM) or 8,948 shs. Consolidated Inv Gru Limited Liability Corp holds 2.8% of its capital in MGM Resorts International (NYSE:MGM) for 165,273 shs. Millennium Lc reported 2.12 million shs stake. The New York-based Wellington Shields Cap Management Llc has invested 0.23% in MGM Resorts International (NYSE:MGM). Walleye Trading Lc owns 0.05% invested in MGM Resorts International (NYSE:MGM) for 243,334 shs.

MGM Resorts International registered $5.42 million net activity with 1 buying transaction and 9 insider sales since February 22, 2018. On Monday, March 12 HERMAN ALEXIS had sold 4,350 shs worth $159,351. 12,536 shs valued at $434,632 were sold by TAYLOR DANIEL J on Thursday, February 22. $49,045 worth of MGM Resorts International (NYSE:MGM) shs were sold by GAY MARY CHRISTINE. Shares for $2.18M were sold by HORNBUCKLE WILLIAM. $35,500 worth of MGM Resorts International (NYSE:MGM) was bought by GROUNDS WILLIAM WARWICK on Wednesday, March 14. On Friday, February 23 $1.26M worth of stock was sold by D’ARRIGO DANIEL.

Goldman Cut MGM Resorts (NYSE:MGM)’s Rating to Neutral.

On 26 June Goldman changed the $16.23 billion MC company’s rating. stock analysts has downgraded it to Neutral from Buy.

MGM Resorts International (NYSE:MGM) Ratings Coverage

A total of 10 analysts rate MGM Resorts Intl (NYSE:MGM) as follows: 6 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NYSE:MGM) has 15 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Monday, May 7 Jefferies maintained MGM Resorts International (NYSE:MGM) with “Buy” rating. The company rating was maintained by Susquehanna on Thursday, February 15. On Friday, February 23 the stock of MGM Resorts International (NYSE:MGM) earned “Overweight” rating by Barclays Capital. On Tuesday, March 27 the stock has “Overweight” rating by Morgan Stanley. The stock rating was downgraded by Goldman Sachs to “Hold” on Monday, June 25. On Friday, April 27 the rating was maintained by Morgan Stanley with “Overweight”. On Tuesday, March 13 the firm has “Hold” rating by Deutsche Bank given. In Wednesday, February 21 report Stifel Nicolaus maintained it with “Hold” rating and $37.0 target. In Thursday, January 25 report Nomura maintained the stock with “Buy” rating. On Monday, April 23 the firm has “Positive” rating given by Susquehanna.

MGM is reaching $29.15 during the last trading session, after decreased 0.41%.MGM Resorts International has volume of 8.58 million shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. The stock underperformed the S&P 500 by 13.04%.

Investors wait MGM Resorts International (NYSE:MGM)’s quarterly earnings on July, 26., RTT reports. Analysts forecast 12.90 % diference or $0.27 from the $0.31 EPS from 2017. If the current earnings per share of $0.27 is accurate, MGM’s profit could hit $150.33M. Wall Street sees -20.59 % negative EPS growth as of July, 26.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The company has $16.23 billion market cap. The firm operates through two divisions, Domestic Resorts and MGM China.8.6 is the P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

For more MGM Resorts International (NYSE:MGM) news released briefly go to: Fool.com, Schaeffersresearch.com, Fool.com, Seekingalpha.com or Benzinga.com. The titles are as follows: “Where MGM Resorts Makes Its Money” released on June 25, 2018, “Dow Futures Edge Higher; GE Set to Soar” on June 26, 2018, “Wynn Resorts’ New CEO Faces Test With $2.5 Billion Boston Project” with a publish date: June 20, 2018, “Has MGM Lost Its Way… Again?” and the last “Benzinga’s Top Upgrades, Downgrades For June 26, 2018” with publication date: June 26, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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