MGM Resorts International (NYSE:MGM) Quarterly Sentiment Report

August 25, 2018 - By Palma Niemeyer

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Sentiment for MGM Resorts International (NYSE:MGM)

MGM Resorts International (NYSE:MGM) institutional sentiment decreased to 0.89 in Q1 2018. Its down -0.06, from 0.95 in 2017Q4. The ratio is negative, as 178 active investment managers increased or started new holdings, while 201 sold and decreased their positions in MGM Resorts International. The active investment managers in our partner’s database now possess: 443.98 million shares, down from 450.52 million shares in 2017Q4. Also, the number of active investment managers holding MGM Resorts International in their top 10 holdings 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 4.47M 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 insider buy, and 8 insider sales 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. The firm has “Hold” rating given on Friday, August 3 by Stifel Nicolaus. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) rating on Friday, July 20. Morgan Stanley has “Overweight” rating and $38 target. The firm has “Positive” rating given on Monday, April 23 by Susquehanna. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) on Tuesday, June 26 with “Overweight” rating. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) on Friday, August 3 with “Overweight” rating. The firm earned “Overweight” rating on Tuesday, March 27 by Morgan Stanley. Nomura maintained MGM Resorts International (NYSE:MGM) on Monday, July 9 with “Buy” rating. The stock of MGM Resorts International (NYSE:MGM) has “Overweight” rating given on Friday, April 27 by Morgan Stanley. Barclays Capital maintained MGM Resorts International (NYSE:MGM) on Monday, August 6 with “Overweight” rating. As per Tuesday, March 13, the company rating was maintained by Deutsche Bank.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Benzinga.com which released: “NBA, MGM Resorts Announce Breakthrough Sports Betting Partnership” on July 31, 2018, also Fool.com with their article: “Here’s Why MGM Resorts May Be the Best Casino Bet” published on August 08, 2018, Fool.com published: “MGM Resorts Wants to Dominate Sports Betting” on August 13, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Seekingalpha.com and their article: “MGM Resorts to lower stake in MGM Growth Properties” published on August 14, 2018 as well as Seekingalpha.com‘s news article titled: “Union Gaming maintains Buy rating on MGM Resorts” with publication date: August 07, 2018.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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