As Mgm Resorts International (MGM) Shares Rose, Nicholas Investment Partners LP Increased by $21.11 Million Its Stake

May 3, 2018 - By Charla Downs

MGM Resorts International (NYSE:MGM) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.95. That’s change of 0.58, from 2017Q3’s 1.53. 60 investors sold all, 150 reduced holdings as MGM ratio dived. 128 grew positions while 71 funds amassed positions. Funds hold 450.52 million shares thus 1.77% less from 2017Q3’s 458.66 million shares. M&T Comml Bank, a New York-based fund reported 28,794 shs. State Board Of Administration Of Florida Retirement System reported 0.06% stake. 50.53M were reported by Vanguard Gp. Macquarie Limited has 196,407 shs. Lorber David A holds 5,170 shs. Tiaa Cref Investment Management Lc reported 3.51M shs stake. Fifth Third Bancorporation holds 728 shs. 20,632 are held by Liberty Mutual Group Inc Asset. 25,966 were accumulated by Dekabank Deutsche Girozentrale. First Mercantile Trust accumulated 0.04% or 6,257 shs. Sg Americas Secs Limited Liability Corp, a New York-based fund reported 84,928 shs. Valinor Mngmt LP has 3.56M shs. Drw Secs Lc reported 7,152 shs. Harris Assocs LP reported 22.21M shs stake. Us Bank De holds 0.01% or 53,008 shs.

MGM had 7 selling transactions and 1 insider purchase since February 22, 2018. This’s net activity of $5.19 million. On Monday, April 30 $121,551 worth of stock was sold by HERMAN ALEXIS. On Wednesday, March 14 the insider GROUNDS WILLIAM WARWICK bought $35,500. 12,536 MGM Resorts International (NYSE:MGM) shs with value of $434,632 were sold by TAYLOR DANIEL J. HORNBUCKLE WILLIAM also sold $2.18 million worth of MGM Resorts International (NYSE:MGM) on Friday, March 9. On Monday, March 12 $848,588 worth of MGM Resorts International (NYSE:MGM) was sold by SANDERS COREY IAN. On Friday, February 23 D’ARRIGO DANIEL sold $1.26 million worth of MGM Resorts International (NYSE:MGM).

Based on the latest 2017Q4 regulatory filing with the SEC, Nicholas Investment Partners Lp rose its holdings in Mgm Resorts International (MGM) by 22.74%. The company’s stock popped up 4.56% while Nicholas Investment Partners Lp bought 639,662 shares. The institutional investor is holding 3.45 million shares, compared to the 2.81M from the previous quarter. And the reported value of the hotels and resorts company is $115.27 million for the 2017Q4. For a total of 21,832 shares it reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 107,730 shares in the quarter, and has cut its stake in Puma Biotechnology Inc (NYSE:PBYI).

MGM Resorts International (NYSE:MGM) Ratings Coverage

In total 10 analysts cover MGM Resorts (NYSE:MGM). “Buy” rating has 7, “Sell” are 0, while 3 are “Hold”. (NYSE:MGM) has 70% bullish analysts. With $43 highest and $35.0 lowest PT, MGM Resorts has $38.56 average PT or 24.47% above the current ($30.98) price. 14 are the (NYSE:MGM)’s ratings reports on 3 May 2018 according to StockzIntelligence Inc. On Friday, February 23 the firm earned “Overweight” rating by Barclays Capital. On Thursday, January 25 the firm has “Buy” rating given by Nomura. On Thursday, November 9 the company was maintained by Stifel Nicolaus. The company rating was maintained by Morgan Stanley on Friday, April 27. On Thursday, November 9 the stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given by Roth Capital. On Tuesday, March 13 the stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Deutsche Bank. On Wednesday, February 21 the firm has “Hold” rating by Stifel Nicolaus given. On Wednesday, February 21 the firm has “Buy” rating by Bank of America given. On Friday, April 27 Deutsche Bank maintained MGM Resorts International (NYSE:MGM) rating. Deutsche Bank has “Hold” rating and $3700 target. On Monday, April 23 Susquehanna upgraded the shares of MGM in report to “Positive” rating.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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