Is there a Bearish outlook for MGM Resorts International (NYSE:MGM) this week?

July 13, 2018 - By Richard Doty

MGM Resorts International (NYSE:MGM) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.06, from 0.95 in 2017Q4. It fall, as 54 investors sold MGM Resorts International shares while 147 reduced holdings. 57 funds opened positions while 121 raised stakes. 443.98 million shares or 1.45% less from 450.52 million shares in 2017Q4 were reported.
Granahan Investment Mgmt Ma reported 0.06% stake. Financial Architects reported 0.01% in MGM Resorts International (NYSE:MGM). State Board Of Administration Of Florida Retirement holds 0.06% in MGM Resorts International (NYSE:MGM) or 676,171 shares. Glenmede Na holds 1,552 shares or 0% of its portfolio. Gamco Invsts Et Al reported 1.57 million shares. Cranbrook Wealth Mngmt Ltd Co stated it has 0.02% in MGM Resorts International (NYSE:MGM). Proshare Advsrs Ltd accumulated 148,741 shares or 0.03% of the stock. Korea Corporation reported 361,053 shares. Braun Stacey Assocs holds 1.12% in MGM Resorts International (NYSE:MGM) or 466,617 shares. Capital Fund Sa reported 0.01% stake. Senator Inv Group Ltd Partnership stated it has 3.00M shares or 1.25% of all its holdings. Fjarde Ap stated it has 0.07% of its portfolio in MGM Resorts International (NYSE:MGM). Duncker Streett And Com has invested 0% in MGM Resorts International (NYSE:MGM). The Wisconsin-based Northwestern Mutual Wealth Management Com has invested 0% in MGM Resorts International (NYSE:MGM). Two Sigma Ltd Limited Liability Company invested 0.01% in MGM Resorts International (NYSE:MGM).

Since February 22, 2018, it had 1 insider purchase, and 9 selling transactions for $5.42 million activity. On Tuesday, June 5 the insider GAY MARY CHRISTINE sold $49,045. 12,536 shares were sold by TAYLOR DANIEL J, worth $434,632. 6,260 shares valued at $215,773 were sold by BIBLE WILLIAM A on Tuesday, March 6. Another trade for 36,366 shares valued at $1.26 million was sold by D’ARRIGO DANIEL. HERMAN ALEXIS had sold 3,840 shares worth $121,551. The insider GROUNDS WILLIAM WARWICK bought 1,000 shares worth $35,500.

MGM Resorts International (NYSE:MGM) Ratings Coverage

Among 10 analysts covering MGM Resorts Intl (NYSE:MGM), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. MGM Resorts Intl had 16 analyst reports since January 19, 2018 according to SRatingsIntel. Barclays Capital maintained MGM Resorts International (NYSE:MGM) on Friday, February 23 with “Overweight” rating. The firm has “Overweight” rating given on Friday, April 27 by Morgan Stanley. The stock of MGM Resorts International (NYSE:MGM) has “Positive” rating given on Monday, April 23 by Susquehanna. On Tuesday, March 13 the stock rating was maintained by Deutsche Bank with “Hold”. Bank of America maintained the shares of MGM in report on Wednesday, February 21 with “Buy” rating. Susquehanna maintained it with “Hold” rating and $35.0 target in Thursday, February 15 report. The rating was maintained by Jefferies on Monday, May 7 with “Buy”. The firm has “Overweight” rating given on Tuesday, March 27 by Morgan Stanley. Deutsche Bank maintained the shares of MGM in report on Friday, April 27 with “Hold” rating. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, June 26. Below is a list of MGM Resorts International (NYSE:MGM) latest ratings and price target changes.

09/07/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $40 New Target: $39 Maintain
26/06/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $38 New Target: $39 Maintain
25/06/2018 Broker: Goldman Sachs Rating: Hold Downgrade
07/05/2018 Broker: Jefferies Rating: Buy New Target: $43.0000 Maintain
27/04/2018 Broker: Deutsche Bank Rating: Hold New Target: $37.0000 Maintain
27/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $41 New Target: $38 Maintain
23/04/2018 Broker: Susquehanna Old Rating: Neutral New Rating: Positive Upgrade
27/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $40 New Target: $41 Maintain
13/03/2018 Broker: Deutsche Bank Rating: Hold New Target: $39.0 Maintain
14/03/2018 Broker: Telsey Advisory Group Rating: Market Perform New Target: $39 Initiates Coverage On

The stock increased 1.48% or $0.45 during the last trading session, reaching $30.95. About 9.38 million shares traded. MGM Resorts International (NYSE:MGM) has declined 0.47% since July 13, 2017 and is downtrending. It has underperformed by 13.04% the S&P500.

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 $17.23 billion. The firm operates through two divisions, Domestic Resorts and MGM China. It has a 9.14 P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Seekingalpha.com which released: “First look at sports betting revenue in New Jersey” on July 12, 2018, also Seekingalpha.com with their article: “MGM Resorts: The House Always Wins” published on July 08, 2018, Fool.com published: “Where MGM Resorts Makes Its Money” on June 25, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Seekingalpha.com and their article: “Oakmark Fund: Second Quarter 2018” published on July 13, 2018 as well as Seekingalpha.com‘s news article titled: “MGM Growth Properties closes on Hard Rock Rocksino deal” with publication date: July 06, 2018.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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