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What Does Insider Trading Tell Us About MGM Resorts International (MGM)?

08 December 2017, 08:29 | Melvin Schneider

What Does Insider Trading Tell Us About MGM Resorts International (MGM)?

Tracinda selling US$339-mln MGM Resorts stake to UBS

It has underperformed by 16.70% the S&P500. Pitcairn reported 0.06% in MGM Resorts International (NYSE:MGM). $0.44 is the ADY. Shareholders of record on Monday, December 11th will be paid a dividend of $0.11 per share.

Axiom International Investors Llc decreased Mgm Resorts International (MGM) stake by 1.68% reported in 2017Q2 SEC filing. MGM Resorts International's dividend payout ratio (DPR) is presently 43.14%. Nov 7, 2017 is the announcement. Given that its average daily volume over the 30 days has been 8.17M shares a day, this signifies a pretty significant change over the norm.

MGM Resorts International (NYSE:MGM) has a current MF Rank of 7998. It has outperformed by 28.58% the S&P500. Morgan Stanley set a $34.00 target price on MGM Resorts International and gave the stock a "buy" rating in a research report on Friday, October 13th. Therefore 62% are positive. The stock has "Hold" rating by Zacks on Wednesday, August 5. Stifel Nicolaus has "Buy" rating and $35 target. The company was maintained on Wednesday, November 1 by Nomura. The rating was maintained by Stifel Nicolaus with "Hold" on Thursday, November 9. The company was maintained on Friday, April 28 by Stifel Nicolaus. Sun Life Financial INC acquired a new position in shares of MGM Resorts International in the 3rd quarter worth approximately $124,000. Toronto Dominion Bank now owns 5,644 shares of the company's stock worth $177,000 after acquiring an additional 624 shares in the last quarter.

Investors sentiment decreased to 1.01 in Q2 2017. Of those insider trades, 0 shares of MGM Resorts International were purchased and 6.22 million shares were sold.

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Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 425.76 million shares or 3.24% more from 412.40 million shares in 2017Q1 were reported. Consolidated Investment Group has 2.75% invested in MGM Resorts International (NYSE:MGM) for 165,273 shares. Point72 Asset Limited Partnership invested in 2.22 million shares. Following the completion of the sale, the executive vice president now directly owns 40,744 shares in the company, valued at $1,373,072.80. Canyon Capital Advisors LLC grew its holdings in MGM Resorts International by 8.9% in the second quarter. Tudor Corp Et Al invested in 0.27% or 280,012 shares. Maverick Cap Limited has 2.7% invested in MGM Resorts International (NYSE:MGM). Kj Harrison And invested 0.12% in MGM Resorts International (NYSE:MGM). Bamco New York accumulated 1.02 million shares. Ubs Asset Mngmt Americas reported 1.16M shares or 0% of all its holdings. Pinnacle Ltd has 348,342 shares for 0.21% of their portfolio. "Capital Stock" is the number of outstanding shares listed on a company's balance sheet and is reported with the company's quarterly filings with the US Securities and Exchange Commission. The previous EPS surprise percentage was 10.71% and the actual EPS used in the surprise was $0.33. About 5.75M shares traded. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Businessinsider.com and their article: "Hundreds of Las Vegas shooting victims file lawsuit against Mandalay Bay owner" published on November 21, 2017 as well as Reviewjournal.com's news article titled: "MGM Resorts' insurance may be tested by Las Vegas shooting lawsuits" with publication date: November 14, 2017. The Market Cap of the company is $18.95 Billion. The firm operates through two divisions, Domestic Resorts and MGM China. It has a 20.17 P/E ratio. The Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

Investors sentiment increased to 2.33 in Q2 2017. It increased, as 79 investors sold LOW shares while 402 reduced holdings. 120 funds opened positions while 451 raised stakes. Stifel Nicolaus maintained the shares of MGM in report on Friday, April 28 with "Buy" rating. The Pennsylvania-based Janney Montgomery Scott Llc has invested 0.01% in the stock. Cwh Management Inc stated it has 115,560 shares or 1.89% of all its holdings. Bnp Paribas Arbitrage Sa holds 0.06% or 603,322 shares in its portfolio. The insider, JAMES PHYLLIS, now holds 8,961 shares of MGM. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. (NYSE:LOW). Signaturefd Ltd Liability owns 67,656 shares. Deutsche National Bank Ag has 0% invested in Bioblast Pharma Ltd. (NASDAQ:ORPN) for 1 shares. Frontfour Cap Gru Incorporated Limited Co holds 321,120 shares or 2% of its portfolio.

The Piotroski score is a discrete score ranging from 0-9 that shows nine criteria used to find out the strength of a company's financial position. Nordea reported 0.1% stake. Tci Wealth Advisors owns 27 shares or 0% of their USA portfolio. Wellington Management Group Limited Liability Partnership accumulated 573,548 shares. It also upped Masonite Intl Corp New (NYSE:DOOR) stake by 95,000 shares and now owns 475,000 shares. Cognex Corp (NASDAQ:CGNX) was raised too.

Among 31 analysts covering Lowe's Companies Inc. Kg (OTCMKTS:HENKY), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 32% are positive. $86.54's average target is 5.02% above currents $82.4 stock price. RBC Capital Markets maintained the shares of LOW in report on Monday, September 25 with "Buy" rating. Berenberg upgraded the stock to "Buy" rating in Friday, January 22 report. The company was initiated on Tuesday, November 24 by Suntrust Robinson. The company was maintained on Thursday, November 9 by Roth Capital. Piper Jaffray downgraded Lowe's Companies, Inc. The firm has "Hold" rating by Deutsche Bank given on Monday, September 11. The stock of Lowe's Companies, Inc.



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