Published: Sun, January 14, 2018
Finance | By Loren Pratt

$2.51 Billion in Sales Expected for MGM Resorts International (MGM) This Quarter

$2.51 Billion in Sales Expected for MGM Resorts International (MGM) This Quarter

The institutional investor held 103,220 shares of the prepackaged software company at the end of 2017Q3, valued at $12.19 million, up from 98,966 at the end of the previous reported quarter. Capital Management Associates who had been investing in Mgm Resorts International for a number of months, seems to be less bullish one the $19.83B market cap company.

MGM Resorts International (MGM) traded down $0.08 during mid-day trading on Friday, reaching $35.03. About 54,405 shares traded.

MGM Resorts International (NYSE:MGM) market capitalization at present is $19.74B at the rate of $35.11 a share. It has outperformed by 28.58% the S&P500.

Assenagon Asset Management S.A. acquired a new stake in MGM Resorts International during the third quarter valued at approximately $87,164,000. The stock decreased 0.19% or $0.11 during the last trading session, reaching $58.84. About 453 shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 13, 2017 and is uptrending. It has underperformed by 25.03% the S&P500.

MGM Resorts International (NYSE:MGM) reported its EPS in the last quarter as $0.34/Share lagging the analyst estimate of $0.34/Share by a difference of $0. Therefore 63% are positive.

According to Zacks Investment Research, MGM Resorts International has a Consensus Recommendation of 1.77. Jefferies maintained the stock with "Buy" rating in Tuesday, March 15 report. The firm earned "Overweight" rating on Tuesday, October 13 by JP Morgan. MGM Resorts International (NYSE:MGM) has a 20-Day average volume of 6.45 Million. If we move further to the full year performance, we identified that MGM is promoting good health as stock gained with positive stir of 20.94%. As per Thursday, October 26, the company rating was maintained by Robert W. Baird. Canaccord Genuity maintained the shares of INTC in report on Monday, August 24 with "Buy" rating. The stock now has an average rating of Buy and an average price target of $36.79.

Investors sentiment increased to 1.53 in Q3 2017. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. It increased, as 43 investors sold MGM shares while 113 reduced holdings.


Hedge funds and other institutional investors have recently made changes to their positions in the business. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported. After having $0.33 EPS previously, MGM Resorts International's analysts see -78.79% EPS growth. The Illinois-based Crystal Rock Mgmt has invested 2.11% in MGM Resorts International (NYSE:MGM). State Of Tennessee Treasury Department invested 0.02% of its portfolio in MGM Resorts International (NYSE:MGM). Manufacturers Life Insur The accumulated 2,415 shares or 0% of the stock. The forecast of 4 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Cs Mckee LP stated it has 0.03% in MVC Capital, Inc. Schwab Charles Investment Management Inc. now owns 954,302 shares of the company's stock worth $29,861,000 after purchasing an additional 51,780 shares during the last quarter. Over the last three months, insiders have sold 96,877 shares of company stock valued at $3,187,002.

Bridger Management Llc, which manages about $3.11B and $1.67B US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 95,177 shares to 226,328 shares, valued at $38.67 million in 2017Q3, according to the filing. Modera Wealth Ltd Llc reported 0.05% in Abbott Laboratories (NYSE:ABT). 235,071 are owned by Hutchin Hill Lp.

Since July 31, 2017, it had 0 buys, and 11 sales for $18.81 million activity. $1.89M worth of stock was sold by MURREN JAMES on Monday, July 31. SANDERS COREY IAN also sold $553,133 worth of MGM Resorts International (NYSE:MGM) on Wednesday, September 6. On Thursday, September 7 the insider D'ARRIGO DANIEL sold $1.03 million. On Monday, July 31 RENDUCHINTALA VENKATA S M sold $496,438 worth of Intel Corporation (NASDAQ:INTC) or 13,996 shares. The shares were sold at an average price of $32.56, for a total value of $2,005,696.00.

Blair William & Company increased Anadarko Petroleum Corp (NYSE:APC) stake by 6,642 shares to 53,025 valued at $2.59M in 2017Q3.

Investors sentiment decreased to 1.19 in Q3 2017. Its the same as in 2017Q2. 5 funds opened positions while 14 raised stakes. Balyasny Asset Mgmt Ltd Llc stated it has 0.47% in Abbott Laboratories (NYSE:ABT). Tuttle Tactical Management Limited reported 21,651 shares stake. Navellier And, Nevada-based fund reported 155,535 shares. Shares for $9.73M were sold by Fussell Stephen R. Pinnacle Partners holds 1,608 shares. UBS initiated the shares of ABT in report on Tuesday, September 22 with "Neutral" rating. Tower Research Cap Ltd Liability Corporation (Trc) holds 0% of its portfolio in MGM Resorts International (NYSE:MGM) for 639 shares. Utd Cap Advisers Limited Company holds 0% or 11,401 shares. Cidel Asset Mngmt invested 1.08% of its portfolio in Johnson & Johnson (NYSE:JNJ). 69,250 are held by Horizon Kinetics Limited Liability Com. Gamco Invsts Incorporated Et Al has 581,500 shares for 0.12% of their portfolio. Exane Derivatives reported 0.21% stake. Huntington Bancorporation invested 1.28% of its portfolio in Johnson & Johnson (NYSE:JNJ). They expect $-0.44 EPS, down 57.14% or $0.16 from last year's $-0.28 per share. Deutsche Bank maintained MGM Resorts International (NYSE:MGM) on Friday, June 17 with "Buy" rating. Bank of America maintained it with "Buy" rating and $320.0 target in Tuesday, December 12 report.

ILLEGAL ACTIVITY WARNING: "MGM Resorts International (MGM) Receives Overweight Rating from JPMorgan Chase & Co." was originally published by Week Herald and is the sole property of of Week Herald. The company has market cap of $5.86 million. The stock of Abbott Laboratories (NYSE:ABT) earned "Hold" rating by BMO Capital Markets on Monday, July 10.

Like this: