MGM Resorts International (MGM) Shares Bought by Rhumbline Advisers

Marco Green
March 17, 2018

Following the completion of the sale, the president now owns 26,289 shares of the company's stock, valued at approximately $955,868.04. Harris Associates Ltd Partnership holds 1.16% or 21.04M shares in its portfolio. Mgm Resorts International Com now has $20.42B valuation. Eagle Asset Management Inc. now owns 1,648,326 shares of the company's stock worth $55,274,000 after purchasing an additional 148,868 shares in the last quarter. About 4.35 million shares traded.

MGM Resorts International (NYSE:MGM) announced its quarterly earnings data on Tuesday, February 20th. It has outperformed by 45.78% the S&P500.

Lau Associates Llc increased its stake in Apple Inc (AAPL) by 4.93% based on its latest 2017Q3 regulatory filing with the SEC. Vgi Partners Pty Ltd acquired 2,108 shares as Amazon Com Inc (AMZN)'s stock rose 13.58%. The stock increased 0.87% or $0.31 during the last trading session, reaching $35.99. About 2.54 million shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 29.48% since March 16, 2017 and is uptrending. It has outperformed by 22.82% the S&P500.

Investors sentiment decreased to 0.85 in 2017 Q3. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.77.

Several other institutional investors also recently added to or reduced their stakes in MGM. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported. Land & Buildings Investment Management Llc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $20.38B market cap company. Finally, Stifel Nicolaus reissued a "hold" rating and set a $37.00 target price (up previously from $36.00) on shares of MGM Resorts International in a report on Wednesday, February 21st. Pinnacle Associates Ltd reported 0.2% stake. First Merchants Corporation, a Indiana-based fund reported 20,699 shares. Fort Washington Invest Advisors Oh has 1.56 million shares for 1.11% of their portfolio.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Tuesday, February 20th. Sterling Cap Mgmt Llc has invested 0.01% of its portfolio in MGM Resorts International (NYSE:MGM). Rhumbline Advisers owned 0.15% of MGM Resorts International worth $28,113,000 at the end of the most recent reporting period. 948,681 are held by Gabelli Funds Ltd Liability. Private Advisor Ltd invested in 0.02% or 21,749 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% or 82,391 shares in its portfolio. Granahan Mngmt Incorporated Ma owns 27,947 shares or 0.08% of their USA portfolio.

In other MGM Resorts International news, insider Corey Ian Sanders sold 23,134 shares of the firm's stock in a transaction on Monday, March 12th.

Winch Advisory Services Llc increased Bp Plc Spons Adr (NYSE:BP) stake by 22,758 shares to 56,213 valued at $2.16M in 2017Q3. Teacher Retirement System Of Texas owns 388,220 shares. Ishares Msci Emerging Mkts Etf (EEM) was raised too. During the same period in the prior year, the firm posted $0.11 earnings per share. MGM's profit will be $169.91 million for 29.73 P/E if the $0.30 EPS becomes a reality. This is a positive change from MGM Resorts International's previous quarterly dividend of $0.11. Therefore 72% are positive.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 13 have Buy rating, 0 Sell and 5 Hold. The rating was maintained by Nomura on Wednesday, October 5 with "Buy". Finally, Keybank National Association OH acquired a new position in shares of MGM Resorts International during the third quarter valued at $265,000. As per Wednesday, February 21, the company rating was maintained by Bank of America. The firm has "Overweight" rating by JP Morgan given on Thursday, January 28. On Friday, June 17 the stock rating was maintained by Telsey Advisory Group with "Outperform". The stock has a consensus rating of "Buy" and an average target price of $37.94. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of MGM Resorts International by 88.2% in the fourth quarter. The stock has "Buy" rating by RBC Capital Markets on Friday, September 1. The stock of MGM Resorts International (NYSE:MGM) earned "Neutral" rating by UBS on Tuesday, August 1. Oppenheimer maintained the shares of VZ in report on Thursday, July 27 with "Hold" rating.

Since February 22, 2018, it had 0 buys, and 6 insider sales for $5.10 million activity. (NYSE:ABBV) was sold by CHASE WILLIAM J on Wednesday, February 28. D'ARRIGO DANIEL sold 36,366 shares worth $1.26 million. Shareholders of record on Friday, March 9th were given a dividend of $0.12 per share. $215,773 worth of stock was sold by BIBLE WILLIAM A on Tuesday, March 6.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $23.69 million activity. The insider MELTZER MARK J sold 6,000 shares worth $2.52M. Blue Chip Ptnrs holds 2.71% or 94,836 shares in its portfolio. SALEKI-GERHARDT AZITA sold $157,458 worth of AbbVie Inc. $251,835 worth of stock was sold by McKeon Timothy on Monday, January 22. $8.31M worth of AbbVie Inc. Shares for $2.65M were sold by Riccio Daniel J. Olsavsky Brian T sold $3.42M worth of stock.

Among 42 analysts covering Halliburton Company (NYSE:HAL), 37 have Buy rating, 0 Sell and 5 Hold. Therefore 70% are positive.

TRADEMARK VIOLATION WARNING: "MGM Resorts International (MGM) Director William Warwick Grounds Buys 1,000 Shares" was reported by StockNewsTimes and is the property of of StockNewsTimes. The company was maintained on Friday, July 28 by Telsey Advisory Group. UBS maintained, Inc. The rating was upgraded by KeyBanc Capital Markets on Tuesday, February 14 to "Overweight". Leerink Swann maintained AbbVie Inc. BMO Capital Markets maintained Halliburton Company (NYSE:HAL) rating on Thursday, July 13. Tigress Financial maintained, Inc. The rating was downgraded by Vetr to "Strong-Buy" on Monday, August 31. The firm has "Buy" rating given on Friday, December 16 by Goldman Sachs.

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.03, from 1.26 in 2017Q2. 71 funds opened positions while 254 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Spirit Of America Mgmt Corporation invested in 3,200 shares or 0.01% of the stock. Franklin Street Advsrs Nc has 11,537 shares for 1.82% of their portfolio. The stock has a market cap of $20,213.65, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. Principal Gru Incorporated holds 0.02% or 769,072 shares in its portfolio. Clark Cap Mngmt Gp Inc Inc has invested 1.76% in AbbVie Inc. The firm has "Hold" rating by Jefferies given on Wednesday, January 24. Gamble Jones Invest Counsel owns 5,461 shares or 0.54% of their USA portfolio.

Ameritas Investment Partners Inc, which manages about $2.11B US Long portfolio, decreased its stake in Resmed Inc (NYSE:RMD) by 39,214 shares to 3,225 shares, valued at $250,000 in 2017Q3, according to the filing. Kelly Lawrence W And Associate Ca holds 0.02% or 127 shares.

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