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Main » Capital Management Associates NY Lowers Holdings in MGM Resorts International (MGM)

Capital Management Associates NY Lowers Holdings in MGM Resorts International (MGM)

15 November 2017

Baker Avenue Asset Mgmt Limited Partnership holds 0.05% of its portfolio in MGM Resorts International (NYSE:MGM) for 12,705 shares. The stock decreased 0.03% or $0.01 on November 13, reaching $33.06. Its investment was valued at $18,099,000 an increase of $93,000 as of quarter end.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment.

Short traders are feeling a little more bearish on MGM Resorts International lately as indicated by the change in short interest. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.62% with $535.42 Million sitting short, betting on future declines. The value of the total investment in MGM Resorts International went from $11,139,000 to $11,306,000 increasing 1.5% since the last quarter. Looking at the stock's movement on the chart, MGM Resorts International recorded a 52-week high of $34.65. Concourse Capital Management, LLC bolstered its stake by buying 2,018 shares an increase of 0.7% as of 09/30/2017. About 326,416 shares traded or 98.14% up from the average. Price T Rowe Associate Inc Md has invested 0.2% of its portfolio in MGM Resorts International (NYSE:MGM). The firm has a market capitalization of $18,614.63, a price-to-earnings ratio of 29.10, a PEG ratio of 7.47 and a beta of 1.42. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.02 and a quick ratio of 0.98. The rating was initiated by Goldman Sachs with "Buy" on Friday, December 16. They expect $0.07 EPS, down 36.36 % or $0.04 from last year's $0.11 per share.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 8.41%, and has a solid year to date (YTD) performance of 14.67% which means that the stock is constantly adding to its value from the previous fiscal year end price. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued. The stock was sold at an average price of C$24.66, for a total value of C$58,962.06. Following the completion of the sale, the director now directly owns 10,724 shares in the company, valued at $362,792.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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During current year the company's forecasts over growth are -22.8% while for the next year analysts' growth estimation is -17.8%. TRADEMARK VIOLATION WARNING: This piece was published by StockNewsTimes and is the sole property of of StockNewsTimes.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Institutional investors and hedge funds own 76.63% of the company's stock. The disclosure for this sale can be found here. Alpine Woods Limited Company has 395,000 shares.

COPYRIGHT VIOLATION WARNING: "State of Wisconsin Investment Board Raises Position in MGM Resorts International (MGM)" was first posted by Week Herald and is the property of of Week Herald. Capital Research Invsts has invested 0.32% in MGM Resorts International (NYSE:MGM). Equity analyst Roth Capital released guidance on MGM with a rating of "Buy". Sell-side analyst recommendations point to a short term price target of $37.78 on the company shares. Stifel Nicolaus reissued a "buy" rating and set a $20.00 price objective on shares of MGM Resorts International in a report on Thursday, September 15th. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, August 5. One research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. MGM Resorts International has a consensus rating of "Buy" and a consensus price target of $36.50. Alpine Woods Invsts Ltd Liability holds 0.66% of its portfolio in MGM Resorts International (NYSE:MGM) for 395,000 shares. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world.

MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.