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Analyst's Indicator Review for MGM Resorts International (MGM), Rice Energy Inc. (RICE)

17 September 2017

MGM Resorts International (NYSE:MGM) has risen 45.28% since September 15, 2016 and is uptrending. It has outperformed by 9.47% the S&P500. MGM Resorts International has a 52-week low of $18.74 and a 52-week high of $30.62. Vanguard Group Inc. now owns 41,200,270 shares of the company's stock valued at $1,289,156,000 after acquiring an additional 1,354,902 shares in the last quarter. Closing price generally refers to the last price at which a stock trades during a regular trading session.

MGM Resorts International (NYSE:MGM) trade at $32.59 by eased down -0.49% in most recent trading session with share volume of 6.34 Million. It has outperformed by 28.58% the S&P500.

The company intends to purchase the shares using borrowings under its senior credit facility, which it expects to repay with the proceeds from the consummation of the recently reported transaction to sell the real estate assets associated with the MGM National Harbor casino resort. Therefore 100% are positive. The company now has a consensus rating of "Buy" and an average target price of $35.12. In order to determine directional movement, the 50-day and 200-day moving averages for JD.com, Inc. MGM Resorts had 43 analyst reports since August 5, 2015 according to SRatingsIntel. Deutsche Bank AG restated a "buy" rating and issued a $36.00 target price (up previously from $34.00) on shares of MGM Resorts International in a research note on Sunday, July 30th. The consensus rating is 2.6, suggesting the market has given up on the stock.

A number of research firms have weighed in on MGM. The value of the company's investment in MGM Resorts International went from $56,056,000 to $65,051,000 a change of $8,995,000 quarter to quarter. BidaskClub raised shares of MGM Resorts International from a "buy" rating to a "strong-buy" rating in a report on Tuesday, July 25th. This ratio is internally not steady, since the market value of equity is divided by the total revenues of the firm. The rating was maintained by JP Morgan with "Overweight" on Tuesday, October 13. As per Tuesday, August 1, the company rating was downgraded by UBS. Telsey Advisory Group maintained the shares of MGM in report on Friday, June 17 with "Outperform" rating. MGM's profit would be $194.71 million giving it 23.47 P/E if the $0.34 EPS is correct. After $0.31 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth. This dividend represents a yield of $1.34. Capital Research Global Investors now owns 32,282,000 shares of the company's stock valued at $1,010,104,000 after acquiring an additional 600,000 shares in the last quarter. 93 funds opened positions while 121 raised stakes. The share price is now down -1.60% for the past three months. The percentage of shares being held by the company management was 0.6% while institutional stake was 94.4%. Gamco Invsts Inc Et Al invested 0.02% of its portfolio in MGM Resorts International (NYSE:MGM). Earnest Limited has 259 shares. Finally, Canada Pension Plan Investment Board increased its position in MGM Resorts International by 30.0% during the first quarter. Point72 Asset Mgmt Ltd Partnership holds 0.48% or 2.39M shares in its portfolio. MGM Resorts International earned a daily sentiment score of 0.05 on Accern's scale. Nomura Asset Mgmt Comm Ltd holds 59,070 shares or 0.03% of its portfolio. The firm has "Positive" rating given on Monday, June 20 by Susquehanna.

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Since May 1, 2017, it had 0 insider buys, and 9 insider sales for $3.33 million activity. SANDERS COREY IAN had sold 21,441 shares worth $677,570 on Monday, May 15. On Wednesday, May 3 the insider Mckinney-James Rose sold $27,236. 11,913 shares were sold by Mandekic Anthony Leo, worth $370,375 on Monday, May 1. The insider BIBLE WILLIAM A sold $181,743. Another trade for 10,000 shares valued at $312,773 was sold by McManus John. $105,568 worth of stock was sold by GAY MARY CHRISTINE on Tuesday, March 14. Its up 0.43, from 0.98 in 2016Q3.

On 09/14/2017 close, Rice Energy Inc. Parkside Comml Bank & Tru invested in 372 shares. Howe And Rusling has 0% invested in CarMax, Inc (NYSE:KMX) for 124 shares. Alberta - Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation has invested 0% in Coherent, Inc. Gam Ag reported 27,026 shares. State Of New Jersey Common Pension Fund D reported 0.07% stake. Utd Capital Fincl Advisers Lc stated it has 90,264 shares or 0.06% of all its holdings. Columbia Prns L L C Invest Management stated it has 0.16% of its portfolio in CarMax, Inc (NYSE:KMX). Signature Est Inv Advsr Ltd has 13,390 shares. Oppenheimer & Communication accumulated 1.68% or 894,409 shares. Washington Trust Bancorp holds 44 shares. 42,755 are held by Hightower Advisors Ltd Liability Company.

MGM Resorts International now has a P/E ratio of 18.98 and market cap is 18.44B. The Firm is a retailer of used vehicles. It operates through two divisions: Specialty Lasers and Systems and Commercial Lasers and Components (CLC).

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