Published: Fri, December 08, 2017
Finance | By Loren Pratt

Nationwide Fund Advisors Sells 272634 Shares of MGM Resorts International (MGM)

Nationwide Fund Advisors Sells 272634 Shares of MGM Resorts International (MGM)

Principal Financial Group Inc sold 1.10M shares as Mgm Resorts International (MGM)'s stock rose 17.48%. The hedge fund run by Doug Silverman held 7.50 million shares of the hotels and resorts company at the end of 2017Q2, valued at $234.68 million, down from 8.75M at the end of the previous reported quarter. MGM Resorts International's dividend payout ratio (DPR) is now 43.14%. The stock added 2.08% beyond one week and climbed 8.57% during previous one month session.

MGM Resorts International (MGM) shows its Return on Assets (ROA) value of 2.1 percent, while the Return on Equity (ROE) value is 9.3 percent and Return on Investment (ROI) value stands at 10.7 percent. ZAYO's SI was 13.30M shares in December as released by FINRA. The NASDAQ-listed company saw a recent bid of $5.60 on volume of 21.13 million shares. The stock increased 1.05% or $0.64 during the last trading session, reaching $61.61. About 1.30M shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since December 6, 2016 and is uptrending. It has underperformed by 23.07% the S&P500. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. In the past 13-year record, this ratio went down as low as 0.3 and as high as 1.15. 120 funds opened positions while 451 raised stakes. The shares were sold at an average price of $32.56, for a total value of $2,005,696.00. Frontfour Cap Gru Incorporated Limited Co holds 321,120 shares or 2% of its portfolio. Peak6 Limited Partnership owns 499,104 shares. (NYSE:ZAYO) or 16,700 shares. Evercore Wealth Management Ltd Liability Corporation accumulated 0% or 3,325 shares. (NYSE:ZAYO) for 238,702 shares. (NYSE:ZAYO). Navellier And Assoc invested in 14,261 shares. Wells Fargo & Mn owns 1,000 shares. Penn Capital Com reported 67,855 shares. Bw Gestao De Investimentos Ltda reported 0.54% in Zayo Group Holdings, Inc. Extended Stay Amer Inc (NYSE:STAY) was raised too.

Among 15 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 62% are positive.

MGM has been the topic of a number of research analyst reports. The stock has an average rating of "Buy" and an average target price of $36.50. On Wednesday, November 1 the stock rating was maintained by JP Morgan with "Overweight". Insiders sold 445,479 shares of company stock worth $15,018,634 over the last quarter. The firm earned "Hold" rating on Monday, July 17 by Deutsche Bank. Toronto Dominion Bank now owns 5,644 shares of the company's stock worth $177,000 after buying an additional 624 shares in the last quarter. The company was maintained on Friday, April 28 by Stifel Nicolaus. The rating was upgraded by Piper Jaffray on Monday, August 24 to "Underweight". The firm earned "Buy" rating on Friday, November 27 by Goldman Sachs. The company was maintained on Tuesday, September 20 by Citigroup.

Since June 12, 2017, it had 0 insider buys, and 1 insider sale for $1.60 million activity.

Currently, 0.20% of Sirius XM Holdings Inc.

Several other institutional investors have also sold shares of the company. The firm operates in six divisions: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation, Allstream, and Other.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. The Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies.

The investor is now holding $72.99 million shares due in part to a decrease of 3.48 million new shares in their portfolio. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%.

The most recent non open market insider trade was completed by BIBLE WILLIAM A on 11/22/2017, and was a disposition of 3,872 shares with a final price of $33.24. Tracking most recent quarter period, Price to book (P/B) ration is at 3.09 and Price to cash per share ration is at 9.54. 299,636 are held by Aviva Public Ltd. Highline Mngmt L P, New York-based fund reported 2.70 million shares. Citadel Advsr Limited Liability has 19,212 shares for 0% of their portfolio. Fjarde Ap has 139,205 shares for 0.09% of their portfolio. Pension accumulated 495,123 shares or 0.1% of the stock. Tfs Capital Limited invested 0.16% in MGM Resorts International (NYSE:MGM). 13,550 are held by Daiwa Securities Inc. Aqr Management Lc holds 930,739 shares or 0.04% of its portfolio. Principal Financial reported 57,765 shares or 0% of all its holdings. Stifel Nicolaus cut MGM Resorts International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $38.00 to $33.00 in a report on Wednesday, October 18th. Pub Employees Retirement Systems Of Ohio invested 0.08% of its portfolio in MGM Resorts International (NYSE:MGM).

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