Metro-goldwyn-mayer Inc (NYSE:MGM) Quarterly Sentiment Report

August 25, 2018 - By Mark Babin

MGM Resorts International (NYSE:MGM) Logo

Sentiment for Metro-goldwyn-mayer Inc (NYSE:MGM)

Metro-goldwyn-mayer Inc (NYSE:MGM) institutional sentiment decreased to 0.89 in Q1 2018. Its down -0.06, from 0.95 in 2017Q4. The ratio dived, as 178 funds increased or started new positions, while 201 sold and reduced equity positions in Metro-goldwyn-mayer Inc. The funds in our partner’s database now own: 443.98 million shares, down from 450.52 million shares in 2017Q4. Also, the number of funds holding Metro-goldwyn-mayer Inc in their top 10 positions was flat from 14 to 14 for the same number . Sold All: 54 Reduced: 147 Increased: 121 New Position: 57.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company has market cap of $15.33 billion. The firm operates through two divisions, Domestic Resorts and MGM China. It has a 8.72 P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

The stock decreased 0.18% or $0.05 during the last trading session, reaching $28.5. About 4.47 million shares traded. MGM Resorts International (NYSE:MGM) has declined 0.47% since August 25, 2017 and is downtrending. It has underperformed by 13.04% the S&P500.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on November, 14. They expect $0.21 EPS, down 36.36 % or $0.12 from last year’s $0.33 per share. MGM’s profit will be $112.96M for 33.93 P/E if the $0.21 EPS becomes a reality. After $0.26 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -19.23 % negative EPS growth.

Yost Capital Management L.L.C. holds 31.72% of its portfolio in MGM Resorts International for 1.25 million shares. Nicholas Investment Partners Lp owns 3.27 million shares or 8.19% of their US portfolio. Moreover, Land & Buildings Investment Management Llc has 7.79% invested in the company for 1.14 million shares. The California-based Beach Point Capital Management Lp has invested 7.3% in the stock. Canyon Capital Advisors Llc, a California-based fund reported 19.33 million shares.

Since January 1, 0001, it had 1 buy, and 8 selling transactions for $3.77 million activity.

MGM Resorts International (NYSE:MGM) Ratings Coverage

Ratings analysis reveals 50% of MGM Resorts Intl’s analysts are positive. Out of 10 Wall Street analysts rating MGM Resorts Intl, 5 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $31 while the high is $4300. The stock’s average target of $36.63 is 28.53% above today’s ($28.5) share price. MGM was included in 15 notes of analysts from March 14, 2018. As per Tuesday, June 26, the company rating was maintained by Morgan Stanley. The stock has “Hold” rating by Stifel Nicolaus on Friday, August 3. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 13. The company was maintained on Friday, July 20 by Morgan Stanley. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, March 27. Jefferies maintained the stock with “Buy” rating in Monday, May 7 report. The firm has “Buy” rating given on Monday, July 9 by Nomura. The firm has “Overweight” rating given on Monday, August 6 by Barclays Capital. Morgan Stanley maintained it with “Overweight” rating and $38 target in Friday, April 27 report. The stock has “Positive” rating by Susquehanna on Monday, April 23.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Fool.com which released: “MGM Resorts Sees NBA Partnership as a Path to Sports Betting Dominance” on August 04, 2018, also Seekingalpha.com with their article: “MGM: Could Its New Online Sports Betting Deal With Boyd Presage A Merger?” published on July 30, 2018, Seekingalpha.com published: “MGM Resorts to lower stake in MGM Growth Properties” on August 14, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Fool.com and their article: “MGM Resorts Wants to Dominate Sports Betting” published on August 13, 2018 as well as Seekingalpha.com‘s news article titled: “Bye, Bye Bookie – MGM Resorts International” with publication date: July 31, 2018.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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