Goldman Sachs: MGM Resorts Intl (NYSE:MGM) Hit Neutral From Buy.

June 27, 2018 - By Madeline Delgado

MGM Resorts International (NYSE:MGM) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.89. That’s change of 0.06, from 2017Q4’s 0.95. 54 investors sold all, 147 reduced holdings as MGM Resorts International ratio dropped. 121 grew stakes while 57 funds bought stakes. Funds hold 443.98 million shares thus 1.45% less from 2017Q4’s 450.52 million shares.

Natixis Advsr Lp stated it has 0.04% of its capital in MGM Resorts International (NYSE:MGM). Sumitomo Mitsui Asset Management Limited has 0.02% invested in MGM Resorts International (NYSE:MGM) for 33,653 shs. Amundi Pioneer Asset Management accumulated 831,012 shs. Commonwealth Bancshares Of owns 484 shs. 3.53M are owned by Primecap Mngmt Ca. Nomura Incorporated has invested 0.03% in MGM Resorts International (NYSE:MGM). Tiaa Cref Invest Management Limited Co has invested 0.03% in MGM Resorts International (NYSE:MGM). Wellington Management Grp Ltd Liability Partnership owns 10.04M shs or 0.08% of their US capital. Morgan Stanley holds 0.04% in MGM Resorts International (NYSE:MGM) or 3.61M shs. Capital Fund Management holds 44,941 shs. Ny State Teachers Retirement Systems holds 0.05% in MGM Resorts International (NYSE:MGM) or 584,203 shs. Bamco Inc New York has invested 0.18% in MGM Resorts International (NYSE:MGM). Livforsakringsbolaget Skandia Omsesidigt invested in 7,007 shs. Frontfour Capital Group Limited Liability Company holds 250,841 shs. Tocqueville Asset Mgmt L P reported 0.17% of its capital in MGM Resorts International (NYSE:MGM).

MGM Resorts International had 9 selling transactions and 1 buying transaction since February 22, 2018. This’s net activity of $5.42 million. BIBLE WILLIAM A had sold 6,260 shs worth $215,773 on Tuesday, March 6. SANDERS COREY IAN sold $848,588 worth of MGM Resorts International (NYSE:MGM) on Monday, March 12. GAY MARY CHRISTINE also sold $49,045 worth of MGM Resorts International (NYSE:MGM) on Tuesday, June 5. HERMAN ALEXIS had sold 4,350 shs worth $159,351 on Monday, March 12. On Friday, March 9 HORNBUCKLE WILLIAM sold $2.18M worth of MGM Resorts International (NYSE:MGM) or 60,000 shs. $35,500 worth of MGM Resorts International (NYSE:MGM) was bought by GROUNDS WILLIAM WARWICK on Wednesday, March 14.

Goldman Sachs Lowered MGM Resorts Intl (NYSE:MGM)’s Rating to Neutral.

On Tuesday, 26 June research professionals at Goldman Sachs downgraded MGM Resorts Intl (NYSE:MGM)‘s shares rating to Neutral from Buy. MGM’s rating change was issued in an analyst note.

MGM Resorts International (NYSE:MGM) Ratings Coverage

A total of 10 analysts rate MGM Resorts Intl (NYSE:MGM) as follows: 6 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NYSE:MGM) has 15 ratings reports on Jun 27, 2018 according to StockzIntelligence. In Wednesday, February 21 report Stifel Nicolaus maintained the stock with “Hold” rating. On Friday, April 27 Morgan Stanley maintained the shares of MGM in report with “Overweight” rating. On Wednesday, February 21 the stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Bank of America. The stock rating was upgraded by Susquehanna to “Positive” on Monday, April 23. The stock rating was maintained by Susquehanna with “Hold” on Thursday, February 15. On Monday, May 7 the stock of MGM Resorts International (NYSE:MGM) earned “Buy” rating by Jefferies. On Thursday, January 25 the rating was maintained by Nomura with “Buy”. On Tuesday, March 13 the stock of MGM Resorts International (NYSE:MGM) has “Hold” rating given by Deutsche Bank. On Monday, June 25 the company was downgraded by Goldman Sachs. In Tuesday, March 27 report Morgan Stanley maintained the stock with “Overweight” rating.

MGM hit $29.035 during the last trading session after $0.125 change.MGM Resorts International has volume of 2.97M shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. The stock underperformed the S&P 500 by 13.04%.

On July, 26. Investors wait MGM Resorts International (NYSE:MGM) to report its quarterly earnings, according to RTT. earnings per share of $0.27 is 12.90 % down from 2017’s $0.31 EPS. If earnings per share of $0.27 is revealed the profit of MGM could reach $150.33 million giving it 26.88 P/E. Wall Street now forecasts -20.59 % negative EPS growth despite MGM Resorts International last quarter’s EPS of $0.34.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The company has $16.17 billion market cap. The firm operates through two divisions, Domestic Resorts and MGM China.8.57 is the P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

For more MGM Resorts International (NYSE:MGM) news announced recently go to: Benzinga.com, Fool.com, Seekingalpha.com, 247Wallst.com or Fool.com. The titles are as follows: “Benzinga’s Top Upgrades, Downgrades For June 26, 2018” announced on June 26, 2018, “Where MGM Resorts Makes Its Money” on June 25, 2018, “Has MGM Lost Its Way… Again?” with a publish date: May 31, 2018, “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” and the last “Sports Betting Legalization Gets MGM Resorts to Reconsider Expansion” with publication date: June 07, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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