On Jun 27, 2018 Morgan Stanley Maintains Stock Overweight Rating on MGM Resorts Intl (NYSE:MGM) and $39 Target.

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 dropped due to MGM Resorts International positioning: 54 sold and 147 reduced. 57 funds took stakes and 121 increased stakes. Investors holded 450.52 million in 2017Q4 but now own 443.98 million shares or 1.45% less.

Sumitomo Mitsui Asset Mgmt owns 0.02% invested in MGM Resorts International (NYSE:MGM) for 33,653 shs. Pension Serv has invested 0.09% in MGM Resorts International (NYSE:MGM). Price T Rowe Assoc Inc Md has invested 0.16% in MGM Resorts International (NYSE:MGM). Walleye Trading Limited Company owns 243,334 shs. Nicholas Invest Prns Lp reported 3.27 million shs or 8.19% of all its holdings. Norinchukin Fincl Bank The has invested 0.03% in MGM Resorts International (NYSE:MGM). Liberty Mutual Gru Asset owns 20,632 shs. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems has invested 0.02% of its capital in MGM Resorts International (NYSE:MGM). Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in MGM Resorts International (NYSE:MGM) for 99,200 shs. 1.52 million are held by Bridger Management Llc. Bartlett & Co Limited Liability reported 725 shs or 0% of all its holdings. Bridgecreek Investment Mgmt Limited Co has 0.05% invested in MGM Resorts International (NYSE:MGM). Senator Gru L P holds 3.00 million shs or 1.25% of its capital. Utd Serv Automobile Association accumulated 1.95M shs. Counselors Inc reported 50,846 shs.

MGM Resorts International had 9 selling transactions and 1 buying transaction since February 22, 2018. This’s net activity of $5.42 million. On Thursday, February 22 Shares for $434,632 were sold by TAYLOR DANIEL J. On Monday, March 12 SANDERS COREY IAN also sold $848,588 worth of MGM Resorts International (NYSE:MGM). 1,585 shs were sold by GAY MARY CHRISTINE, worth $49,045. D’ARRIGO DANIEL sold 36,366 shs worth $1.26 million. $2.18 million worth of MGM Resorts International (NYSE:MGM) was sold by HORNBUCKLE WILLIAM. On Tuesday, March 6 $215,773 worth of stock was sold by BIBLE WILLIAM A.

Reiterated MGM Resorts Intl (NYSE:MGM) Rating.

On 26 June an analyst report was sent to investors and clients on MGM Resorts Intl (NYSE:MGM) of its Overweight Rating kept by research professionals at Morgan Stanley. The MC company was given $39 TP that suggests 34.07 % upside potential from the last price.

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) rating. Jefferies has “Buy” rating and $4300 target. On Friday, April 27 the company was maintained by Morgan Stanley. On Tuesday, March 13 the stock has “Hold” rating by Deutsche Bank. On Monday, June 25 the firm has “Hold” rating by Goldman Sachs given. On Thursday, January 25 the stock has “Buy” rating by Nomura. On Tuesday, March 27 Morgan Stanley maintained MGM Resorts International (NYSE:MGM) rating. Morgan Stanley has “Overweight” rating and $41 target. In Thursday, February 15 report Susquehanna maintained the stock with “Hold” rating. On Wednesday, February 21 Bank of America maintained MGM Resorts International (NYSE:MGM) rating. Bank of America has “Buy” rating and $39 target. The stock rating was maintained by Barclays Capital with “Overweight” on Friday, February 23. On Wednesday, February 21 the firm has “Hold” rating by Stifel Nicolaus given.

Ticker’s shares touched $29.09 during the last trading session after 0.24% change.MGM Resorts International has volume of 2.26 million shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. MGM underperformed the S&P 500 by 13.04%.

MGM Resorts International (NYSE:MGM) is expected to publish earnings on July, 26., Zacks reports. This year’s EPS analyst estimate is expected to be $0.27. That is 12.90 % down compareed to $0.31 EPS for last year. In case of $0.27 EPS MGM’s profit could hit $150.33 million. -20.59 % negative EPS growth is what analysts predict. $0.34 EPS was published for last quarter.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The company has $16.20 billion market cap. The firm operates through two divisions, Domestic Resorts and MGM China.The P/E ratio is 8.59. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

For more MGM Resorts International (NYSE:MGM) news announced recently go to: 247Wallst.com, Prnewswire.com, Fool.com, Seekingalpha.com or Schaeffersresearch.com. The titles are as follows: “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” announced on June 26, 2018, “MGM Resorts’ UNIVERSAL LOVE Album Wins 5 Lions at Cannes Creativity Festival” on June 25, 2018, “Sports Betting Legalization Gets MGM Resorts to Reconsider Expansion” with a publish date: June 07, 2018, “Has MGM Lost Its Way… Again?” and the last “Dow Futures Edge Higher; GE Set to Soar” with publication date: June 26, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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