MGM Resorts International (MGM) Shares Bought by Prudential Financial Inc

Paterniano Del Favero
Agosto 4, 2017

Barrington Research maintained it with "Outperform" rating and $86 target in Friday, November 6 report. The fund owned 34,161 shares of the company's stock after buying an additional 5,200 shares during the period.

While looking at the Stock's Performance, MGM Resorts International now shows a Weekly Performance of -5.58%, where Monthly Performance is 4.65%, Quarterly performance is 2.8%, 6 Months performance is 11.97% and yearly performance percentage is 34.37%.

Several other hedge funds have also modified their holdings of MGM. 4,523,123 shares of the company were exchanged. GMT Capital Corp boosted its stake in shares of MGM Resorts International by 89.4% in the first quarter. GMT Capital Corp now owns 3,490,000 shares of the company's stock valued at $95,626,000 after buying an additional 1,647,200 shares in the last quarter. MUFG Americas Holdings Corp purchased a new position in MGM Resorts International during the first quarter worth about $198,000. Pacer Advisors Inc. now owns 9,269 shares of the company's stock worth $254,000 after buying an additional 302 shares during the period. K.J. Harrison & Partners Inc bought a new position in shares of MGM Resorts International during the first quarter worth about $274,000. Creative Planning now owns 112,600 shares of the company's stock worth $3,085,000 after buying an additional 12,893 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in MGM Resorts International by 7.4% in the first quarter. The number of shares now owned by investors are 579.08 mln.

Shares of MGM Resorts International (NYSE MGM) traded down 1.31% during midday trading on Thursday, hitting $31.56. For the quarter, shares have been noted at 2.80%. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 18.92 and a beta of 1.48. The firm's 50-day moving average price is $32.62 and its 200-day moving average price is $29.81.

Joshua Friedman decreased its stake in Mgm Resorts International (MGM) by 15.22% based on its latest 2016Q4 regulatory filing with the SEC. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Prnewswire.com and their article: "MGM Resorts International Announces Second Quarter 2017 Earnings Release Date" published on July 11, 2017 as well as Bizjournals.com's news article titled: "MGM Resorts eyes in-house sale of National Harbor casino in short order" with publication date: July 28, 2017. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. For the next 5 years, MGM Resorts International is expecting Growth of 7.9% per annum, whereas in the past 5 years the growth was 62.82% per annum. The business's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Nationwide Fund Advisors boosted its position in shares of MGM Resorts International by 1.2% in the first quarter. Shareholders of record on Monday, September 11th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date will be Wednesday the 7th of June 2017. Credit Suisse Ag stated it has 0.03% of its portfolio in MGM Resorts International (NYSE:MGM). If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright laws. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/08/03/cambiar-investors-llc-has-42-68-million-stake-in-mgm-resorts-international-mgm.html. These analysts have also projected a Low Estimate of $0.25/share and a High Estimate of $0.44/share. TheStreet upgraded shares of MGM Resorts International from a "c+" rating to a "b" rating in a research note on Friday, April 28th. Finally, Stifel Nicolaus increased their price objective on shares of MGM Resorts International from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, April 28th. Finally, CLSA reissued an "outperform" rating on shares of MGM Resorts International in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average price target of $34.59.

In other news, EVP John Mcmanus sold 10,000 shares of the company's stock in a transaction on Friday, May 19th. The stock was sold at an average price of $31.28, for a total value of $312,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Corey Ian Sanders sold 21,441 shares of the firm's stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $33.05, for a total value of $1,892,740.45. Following the completion of the sale, the chief operating officer now owns 210,558 shares in the company, valued at $6,653,632.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,501 shares of company stock worth $3,321,878.

MGM Resorts International is a holding company.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE