Institutional Investors Lead Shift in Metro-goldwyn-mayer Inc (NYSE:MGM) Sentiment

August 25, 2018 - By Russell Jones

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 has dropped, as 178 hedge funds increased and opened new holdings, while 201 sold and decreased stakes in Metro-goldwyn-mayer Inc. The hedge funds in our partner’s database now have: 443.98 million shares, down from 450.52 million shares in 2017Q4. Also, the number of hedge funds holding Metro-goldwyn-mayer Inc 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 $112.96 million 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 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. Deutsche Bank maintained the shares of MGM in report on Friday, April 27 with “Hold” rating. The stock of MGM Resorts International (NYSE:MGM) has “Overweight” rating given on Friday, August 3 by Morgan Stanley. The stock of MGM Resorts International (NYSE:MGM) has “Hold” rating given on Monday, June 25 by Goldman Sachs. The firm earned “Overweight” rating on Friday, July 20 by Morgan Stanley. On Monday, July 9 the stock rating was maintained by Nomura with “Buy”. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, March 13 report. Jefferies maintained MGM Resorts International (NYSE:MGM) rating on Monday, May 7. Jefferies has “Buy” rating and $4300 target. Susquehanna upgraded MGM Resorts International (NYSE:MGM) on Monday, April 23 to “Positive” rating. The stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Stifel Nicolaus on Friday, August 3. The rating was maintained by Barclays Capital with “Overweight” on Monday, August 6.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Seekingalpha.com which released: “MGM Resorts to lower stake in MGM Growth Properties” on August 14, 2018, also Seekingalpha.com with their article: “Bye, Bye Bookie – MGM Resorts International” published on July 31, 2018, Fool.com published: “Here’s Why MGM Resorts May Be the Best Casino Bet” on August 08, 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: “MGM: Could Its New Online Sports Betting Deal With Boyd Presage A Merger?” with publication date: July 30, 2018.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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