MGM Resorts Intl (NYSE:MGM) Was Downgraded From Buy By Goldman Sachs.

June 27, 2018 - By Daniel Cummings

MGM Resorts International (NYSE:MGM) Corporate Logo

During 2018 Q1 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 dropped. 121 grew holdings while 57 funds bought holdings. Funds hold 443.98 million shares thus 1.45% less from 2017Q4’s 450.52 million shares.

Global X Mgmt Ltd Liability Corp reported 26,259 shs. Regentatlantic Cap Ltd Liability Co holds 41,100 shs or 0.12% of its capital. Selz Cap Ltd Liability Corporation reported 1.96% stake. Federated Invsts Pa, a Pennsylvania-based fund reported 432,418 shs. Kentucky Retirement owns 0.08% invested in MGM Resorts International (NYSE:MGM) for 26,602 shs. Gmt has invested 2.09% in MGM Resorts International (NYSE:MGM). Cibc Markets, a Ontario – Canada-based fund reported 24,806 shs. Asset Mngmt holds 30,001 shs. Calamos Wealth Management Ltd Limited Liability Company, Illinois-based fund reported 172,788 shs. Cubist Systematic Strategies Ltd Llc holds 0.03% of its capital in MGM Resorts International (NYSE:MGM) for 12,931 shs. Aviva Public Limited Company invested in 248,473 shs or 0.05% of the stock. Cranbrook Wealth Mngmt Limited Co invested in 0.02% or 1,100 shs. Moreover, Emerald Advisers Inc Pa has 0.09% invested in MGM Resorts International (NYSE:MGM). Creative Planning owns 0.01% invested in MGM Resorts International (NYSE:MGM) for 73,400 shs. Texas Permanent School Fund stated it has 0.06% of its capital in MGM Resorts International (NYSE:MGM).

MGM Resorts International registered $5.42 million net activity with 1 buy and 9 sales since February 22, 2018. 12,536 MGM Resorts International (NYSE:MGM) shs with value of $434,632 were sold by TAYLOR DANIEL J. Shares for $215,773 were sold by BIBLE WILLIAM A. HERMAN ALEXIS had sold 3,840 shs worth $121,551. On Tuesday, June 5 the insider GAY MARY CHRISTINE sold $49,045. On Friday, June 1 Shares for $179,330 were sold by Mckinney-James Rose. The insider SANDERS COREY IAN sold $848,588.

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

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

MGM Resorts International (NYSE:MGM) Ratings Coverage

Total analysts of 10 have positions in MGM Resorts Intl (NYSE:MGM) as follows: 6 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 60%. Since January 19, 2018 according to StockzIntelligence Inc MGM Resorts Intl has 15 analyst reports. In Monday, June 25 report Goldman Sachs downgraded the stock to “Hold” rating. The stock rating was maintained by Morgan Stanley with “Overweight” on Friday, April 27. On Thursday, February 15 the rating was maintained by Susquehanna with “Hold”. The company rating was maintained by Morgan Stanley on Tuesday, March 27. In Friday, February 23 report Barclays Capital maintained the stock with “Overweight” rating. On Monday, April 23 the firm has “Positive” rating given by Susquehanna. On Tuesday, March 13 Deutsche Bank maintained MGM Resorts International (NYSE:MGM) with “Hold” rating. On Monday, May 7 the firm has “Buy” rating by Jefferies given. On Wednesday, February 21 the company was maintained by Stifel Nicolaus. In Wednesday, February 21 report Bank of America maintained the stock with “Buy” rating.

MGM reached $29.035 during the last trading session after $0.125 change.MGM Resorts International has volume of 2.97M shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. MGM underperformed by 13.04% the S&P500.

MGM Resorts International (NYSE:MGM)’s earnings report is awaited on July, 26., Faxor reports. earnings per share of $0.27 is 12.90 % down from 2017’s $0.31 EPS. The profit will be $150.33 million for MGM if $0.27 earnings per share becomes true. Analysts at Wall Street see MGM Resorts International’s -20.59 % negative EPS growth compared to $0.34 earnings per share for previous quarter.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The firm is valued at $16.17 billion. The firm operates through two divisions, Domestic Resorts and MGM China.The P/E ratio is 8.57. 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: Seekingalpha.com, Fool.com, 247Wallst.com, Schaeffersresearch.com or Benzinga.com. The titles are as follows: “MGM Resorts plants a flag near NYC” released on May 30, 2018, “Sports Betting Legalization Gets MGM Resorts to Reconsider Expansion” on June 07, 2018, “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” with a publish date: June 26, 2018, “Dow Futures Edge Higher; GE Set to Soar” 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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