Sep 17 2017 by Johnny Bowman
More notable recent MGM Resorts International (NYSE:MGM) news were published by: Masslive.com which released: "MGM Resorts announces National Harbor casino real estate deal, stock buyback" on September 05, 2017, also Prnewswire.com with their article: "MGM Resorts International Announces Stock Purchase Agreement With Tracinda ..." published on September 12, 2017, Nasdaq.com published: "MGM Resorts International (MGM) Ex-Dividend Date Scheduled for September 08, 2017" on September 07, 2017.
Thomas Lenox Kempner increased its stake in Mgm Resorts International (MGM) by 225% based on its latest 2016Q4 regulatory filing with the SEC. This repurchase authorization allows the company to purchase up to 5.3% of its stock through open market purchases. GMT Capital Corp now owns 3,490,000 shares of the company's stock valued at $95,626,000 after purchasing an additional 1,647,200 shares during the last quarter. (NYSE:RICE) traded up 2.98% in the last session while performance was up 28.71% in the last five days. MGM Resorts International (NYSE:MGM) has risen 45.28% since September 14, 2016 and is uptrending. It has underperformed by 8.83% the S&P500.The move comes after 7 months positive chart setup for the $157.84M company. Bank of America Corporation reiterated a "buy" rating and issued a $40.00 price objective (up from $38.00) on shares of MGM Resorts International in a research report on Friday, September 8th. Therefore 100% are positive. Regenxbio had 4 analyst reports since October 12, 2015 according to SRatingsIntel.
On September 11 the company was set at "Hold" by Deutsche Bank which is down from the previous "Buy" rating.
MGM Resorts International (MGM) traded down 0.44% during mid-day trading on Friday, hitting $31.92. Telsey Advisory Group maintained the shares of MGM in report on Friday, June 17 with "Outperform" rating. Cigna Investments Inc. New purchased a new position in shares of MGM Resorts International in the 2nd quarter worth $206,000. The stock of MGM Resorts International (NYSE:MGM) has "Buy" rating given on Tuesday, November 8 by Stifel Nicolaus. As per Tuesday, November 8, the company rating was maintained by Telsey Advisory Group. The stock of MGM Resorts International (NYSE:MGM) earned "Buy" rating by Stifel Nicolaus on Thursday, June 9. The company was maintained on Tuesday, January 17 by Telsey Advisory Group. The firm has "Overweight" rating given on Monday, October 12 by Piper Jaffray. Metropolitan Life Insur New York has invested 0% in MGM Resorts International (NYSE:MGM). In the latest earnings report the EPS was $1.69 and is projected to be $1.29 for the current year with 575,192,000 shares now outstanding. After $0.31 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth.
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Investors sentiment increased to 1.41 in Q4 2016. Its down 0.22, from 1.23 in 2016Q3. GLG LLC now owns 28,150 shares of the company's stock valued at $637,000 after buying an additional 472 shares during the last quarter. 93 funds opened positions while 121 raised stakes. However yesterday the stock remained in between $32.18 and $33.30. Moore Cap Mngmt Ltd Partnership reported 0.09% of its portfolio in MGM Resorts International (NYSE:MGM). It also upped Gilead Sciences Inc (NASDAQ:GILD) stake by 371,969 shares and now owns 711,420 shares. About 4.45M shares traded. The shares were sold at an average price of $34.12, for a total transaction of $1,034,450.16. Bnp Paribas Arbitrage Sa stated it has 34,025 shares or 0% of all its holdings.
Bridger Management Llc increased Post Hldgs Inc (NYSE:POST) stake by 59,481 shares to 1.07 million valued at $86.18M in 2016Q4. 10,000 were reported by Polaris Greystone Fincl Grp Llc. Citigroup maintained MGM Resorts International (NYSE:MGM) on Wednesday, April 13 with "Buy" rating. Tower Rech Cap Limited (Trc) owns 403 shares or 0% of their USA portfolio. Sei Investments holds 363,147 shares or 0.11% of its portfolio. Wall Street Assoc has invested 0.24% in MGM Resorts International (NYSE:MGM). Primecap Management Company Ca reported 703,600 shares. Cibc Asset holds 20,974 shares or 0% of its portfolio.
Since March 14, 2017, it had 0 buys, and 9 selling transactions for $3.33 million activity. BIBLE WILLIAM A also sold $181,743 worth of MGM Resorts International (NYSE:MGM) shares. $105,568 worth of stock was sold by GAY MARY CHRISTINE on Tuesday, March 14. The original version of this news story can be read at https://weekherald.com/2017/09/17/eagle-asset-management-inc-has-45-51-million-position-in-mgm-resorts-international-mgm.html. McManus John had sold 10,000 shares worth $312,773. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. They expect this year's earnings to fall -2.46% year-over-year to $1.19, followed by 22.69% growth in the next year to $1.46. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.80, which implies that analysts are generally bullish in their outlook for MGM over the next year.
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