Mgm Resorts International (MGM) Shares Rose While Nicholas Investment Partners LP Increased Stake

May 3, 2018 - By Joshua Cleveland

MGM Resorts International (NYSE:MGM) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.95. That’s change of 0.58, from 2017Q3’s 1.53. 60 investors sold all, 150 reduced holdings as MGM ratio worsened. 128 rose holdings while 71 funds took holdings. Funds hold 450.52 million shares thus 1.77% less from 2017Q3’s 458.66 million shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corp accumulated 218,300 shs or 0.06% of the stock. Pension Ser has 532,730 shs for 0.09% of their capital. Dubuque Bank And holds 1,730 shs or 0.01% of its capital. Palestra Cap Mngmt Lc stated it has 5% of its capital in MGM Resorts International (NYSE:MGM). The Quebec – Canada-based Public Sector Pension Inv Board has invested 0.02% in MGM Resorts International (NYSE:MGM). Employees Retirement System Of Texas reported 0.11% stake. Eminence Cap Ltd Partnership invested in 2.6% or 5.10M shs. Strs Ohio owns 24,229 shs for 0% of their capital. Soroban Capital Limited Partnership owns 22.30 million shs or 3.08% of their US capital. Korea Invest reported 271,152 shs. Sumitomo Mitsui Trust Inc holds 1.34 million shs. 1832 Asset Management LP invested 0.19% of its capital in MGM Resorts International (NYSE:MGM). Great West Life Assurance Communication Can invested 0.03% in MGM Resorts International (NYSE:MGM). 34,202 were reported by Cap Intl Ltd Ca. Hg Vora Cap Mngmt Ltd Company holds 1.75M shs or 6.13% of its capital.

MGM had 7 insider sales and 1 insider purchase since February 22, 2018. This’s net activity of $5.19 million. TAYLOR DANIEL J had sold 12,536 shs worth $434,632 on Thursday, February 22. On Friday, March 9 HORNBUCKLE WILLIAM sold $2.18M worth of MGM Resorts International (NYSE:MGM). HERMAN ALEXIS sold $159,351 worth of MGM Resorts International (NYSE:MGM) on Monday, March 12. On Friday, February 23 D’ARRIGO DANIEL also sold $1.26M worth of MGM Resorts International (NYSE:MGM). 6,260 shs were sold by BIBLE WILLIAM A, worth $215,773 on Tuesday, March 6. 23,134 MGM Resorts International (NYSE:MGM) shs with value of $848,588 were sold by SANDERS COREY IAN.

The stake In Mgm Resorts International (MGM) was increased held by Nicholas Investment Partners Lp. According to 2017Q4 SEC form the reduction is 22.74%. The company’s stock popped up 4.56% while Nicholas Investment Partners Lp bought 639,662 shares. The hotels and resorts company reported $115.27 million value for the 2017Q4. Now the institutional investor is holding 3.45M shares, compared to the 2.81 million from the previous quarter. For a total of 21,832 shares it reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 107,730 shares in the quarter, and has cut its stake in Puma Biotechnology Inc (NYSE:PBYI).

MGM Resorts International (NYSE:MGM) Ratings Coverage

A total of 10 analysts rate MGM Resorts (NYSE:MGM) as follows: 7 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 70% are bullish. The firm has $43 highest and $35.0 lowest target. The avg target $38.56 is 24.47% above the last ($30.98) price. (NYSE:MGM) has 14 ratings reports on 3 May 2018 according to StockzIntelligence. On Thursday, November 9 the rating was maintained by Roth Capital with “Buy”. On Tuesday, March 27 the firm has “Overweight” rating given by Morgan Stanley. On Friday, April 27 the rating was maintained by Deutsche Bank with “Hold”. The company rating was maintained by Barclays Capital on Friday, February 23. On Friday, April 27 the stock has “Overweight” rating by Morgan Stanley. On Tuesday, March 13 the company was maintained by Deutsche Bank. On Thursday, February 15 the stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Susquehanna. On Thursday, November 9 the stock has “Hold” rating by Stifel Nicolaus. On Wednesday, February 21 Bank of America maintained MGM Resorts International (NYSE:MGM) rating. Bank of America has “Buy” rating and $39 target. On Wednesday, February 21 Stifel Nicolaus maintained MGM Resorts International (NYSE:MGM) with “Hold” rating.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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