Can analysts adopt a bullish outlook for MGM Resorts International (NYSE:MGM)?

Marco Green
December 15, 2017

Beach Point Lp reported 18.71% stake. The overall volume in the last trading session was 9.45 million shares. About 7.64M shares traded. MGM Resorts International's now has a PEG ratio of 4.08 where as its P/E ratio is 32.25. It has outperformed by 28.58% the S&P500.

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility firm in the United States. Gates Cap reported 3.71M shares. It has a 37.28 P/E ratio. 8,707 are owned by Livforsakringsbolaget Skandia Omsesidigt.

Since July 31, 2017, it had 0 insider purchases, and 11 selling transactions for $18.81 million activity. Shares for $553,133 were sold by SANDERS COREY IAN. While talking about Performance of the Stock, MGM Resorts International now has a Weekly performance of 0.18%, monthly performance percentage is 0.3 percent, Quarterly performance is 3.43 percent, 6 months performance shows a percent value of 1.78% and Yearly Performance is 11.31 percent. Stifel Nicolaus reaffirmed a "buy" rating on shares of MGM Resorts International in a research report on Friday, September 1st. Following the completion of the sale, the insider now directly owns 8,961 shares of the company's stock, valued at approximately $301,448.04. Shares for $1.89M were sold by MURREN JAMES on Monday, July 31. Zacks Investment Research lowered shares of MGM Resorts International from a "hold" rating to a "sell" rating in a research report on Wednesday, October 18th. Therefore 73% are positive. Finally, Barclays reiterated an "overweight" rating on shares of MGM Resorts International in a research report on Monday, October 2nd. The stock has "Outperform" rating by Telsey Advisory Group on Tuesday, November 8. Goldman Sachs maintained the stock with "Buy" rating in Wednesday, April 5 report. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

11 analysts on average are expecting MGM Resorts International to report earnings of $0.1 per share for the current quarter. The firm has "Overweight" rating given on Monday, November 23 by Morgan Stanley. The rating was maintained by Deutsche Bank on Friday, October 30 with "Buy".

MGM Resorts International announced that its board has initiated a stock repurchase plan on Tuesday, September 5th that allows the company to repurchase $1.00 billion in shares. Lord Abbett & Ltd Liability Corp has invested 0.12% in MGM Resorts International (NYSE:MGM).

While take a short look on price to sales ratio, that was 1.73 and price to earning ration of 32.13 attracting passive investors. For the most recent quarter, quick ratio was 1, current ratio was 1, LT Debt/Equity ratio was 2.06 and Total Debt/Equity ratio stands at 2.14, while Payout ratio is 0.321. It increased, as 45 investors sold MGM Resorts International shares while 137 reduced holdings. FMR LLC raised its position in MGM Resorts International by 66.7% during the second quarter. 425.76 million shares or 3.24% more from 412.40 million shares in 2017Q1 were reported.

MGM Resorts International (MGM)'s RSI (Relative strength index) is at 53.53, its ATR (Average True Range) value is 0.69, while its Beta factor was calculated at 1.46. Finally, Assenagon Asset Management S.A. acquired a new position in shares of MGM Resorts International in the third quarter valued at $87,164,000. The company has a market cap of $18.64B. Mackenzie Fincl holds 0% of its portfolio in MGM Resorts International (NYSE:MGM) for 16,500 shares. When we look at the Volatility of the company, Week Volatility is at 2.05% whereas Month Volatility is at 1.68%.

Allianz Asset Management GmbH boosted its position in shares of MGM Resorts International (NYSE:MGM) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. Stockholders of record on Monday, December 11th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. Victory Cap Mngmt accumulated 0.01% or 114,589 shares. Ironsides Asset Ltd Com holds 0.1% or 7,350 shares in its portfolio. Mitsubishi Ufj Corp stated it has 933,405 shares or 0.06% of all its holdings. Colony Group LLC acquired a new stake in shares of MGM Resorts International during the 2nd quarter worth approximately $203,000. The Lower end of the earnings estimate is $0.04, while the higher end of the earnings estimate is $0.17. MGM's profit will be $39.63M for 117.25 P/E if the $0.07 EPS becomes a reality.

The stock decreased 1.18% or $0.71 during the last trading session, reaching $59.47. About 469,626 shares traded. It has underperformed by 7.24% the S&P500. Cranbrook Wealth Mgmt invested in 1,100 shares.

Serengeti Asset Management Lp, which manages about $2.16 billion and $688.52 million US Long portfolio, decreased its stake in Cresud S A C I F Y A (NASDAQ:CRESY) by 25,000 shares to 400,000 shares, valued at $7.78M in 2017Q2, according to the filing. The relative volume of the stock is 1.18.

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