Goldman Sachs Downgraded MGM Resorts (MGM)’s Rating From Buy To Neutral.

June 27, 2018 - By Daniel Cummings

MGM Resorts International (NYSE:MGM) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.89. That’s change of 0.06, from 2017Q4’s 0.95. 54 investors sold all, 147 reduced holdings as MGM Resorts International ratio dived. 121 grew positions while 57 funds acquired positions. Funds hold 443.98 million shares thus 1.45% less from 2017Q4’s 450.52 million shares.

Frontfour Capital Gru Ltd Com reported 250,841 shs. Bamco New York accumulated 1.12M shs. The Missouri-based Financial Counselors Inc has invested 0.08% in MGM Resorts International (NYSE:MGM). Legal General Gru Public Limited Liability Com has invested 0.05% in MGM Resorts International (NYSE:MGM). Appleton Ma has invested 0.16% of its capital in MGM Resorts International (NYSE:MGM). Element Cap Mngmt Ltd Limited Liability Company has 0.01% invested in MGM Resorts International (NYSE:MGM). Synovus Financial Corp reported 2,908 shs. Moreover, Suntrust Banks Inc has 0% invested in MGM Resorts International (NYSE:MGM). Valinor Management Lp owns 5.20M shs. Kj Harrison And Ptnrs Inc reported 0.4% of its capital in MGM Resorts International (NYSE:MGM). Ironsides Asset Advsr Llc invested in 21,875 shs. Meiji Yasuda Asset Mgmt reported 0.02% of its capital in MGM Resorts International (NYSE:MGM). Proshare Advisors Ltd Llc has 148,741 shs for 0.03% of their capital. Brookfield Asset Management invested in 0.01% or 103,400 shs. Bridger Mngmt Limited Liability holds 1.52M shs or 3.24% of its capital.

MGM Resorts International had 9 sales and 1 buy since February 22, 2018. This’s net activity of $5.42 million. On Monday, April 30 the insider HERMAN ALEXIS sold $121,551. The insider TAYLOR DANIEL J sold 12,536 shs worth $434,632. On Tuesday, June 5 Shares for $49,045 were sold by GAY MARY CHRISTINE. HORNBUCKLE WILLIAM had sold 60,000 shs worth $2.18 million on Friday, March 9. On Monday, March 12 $848,588 worth of MGM Resorts International (NYSE:MGM) was sold by SANDERS COREY IAN. Another trade for 5,624 shs valued at $179,330 was made by Mckinney-James Rose on Friday, June 1.

Goldman Sachs Cut MGM Resorts (MGM)’s Stock Rating to Neutral.

Goldman Sachs cut MGM Resorts (MGM)‘s rating on 26 June. The cut was from Buy to Neutral.

The stock decreased 0.41% or $0.12 during the last trading session, hitting $29.15.MGM Resorts International has volume of 8.58M shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. MGM underperformed by 13.04% the S&P 500.

On July, 26 WallStreet anticipated MGM Resorts International (NYSE:MGM)’s earnings report, RTT reports. earnings per share of $0.27 is 12.90 % down from 2017’s $0.31 EPS. This could hit $150.33M profit for MGM assuming the current $0.27 earnings per share will become reality. Last quarter $0.34 earnings per share was reported. Analysts sees -20.59 % negative EPS growth this 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 $16.23 billion market cap. The firm operates through two divisions, Domestic Resorts and MGM China.The P/E ratio is 8.6. 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: Schaeffersresearch.com, Fool.com, Seekingalpha.com, 247Wallst.com or Fool.com. The titles are as follows: “Dow Futures Edge Higher; GE Set to Soar” announced on June 26, 2018, “Where MGM Resorts Makes Its Money” on June 25, 2018, “Has MGM Lost Its Way… Again?” with a publish date: May 31, 2018, “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” and the last “Sports Betting Legalization Gets MGM Resorts to Reconsider Expansion” with publication date: June 07, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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