Mgm Resorts International (MGM) Holding Boosted by Beach Point Capital Management Lp

MGM Resorts International (NYSE:MGM) LogoInvestors sentiment increased to 1.1 in Q2 2018. Its up 0.21, from 0.89 in 2018Q1. It improved, as 56 investors sold MGM shares while 130 reduced holdings. 70 funds opened positions while 134 raised stakes. 416.49 million shares or 6.19% less from 443.98 million shares in 2018Q1 were reported. Horizon Kinetics Limited Liability has invested 0.05% in MGM Resorts International (NYSE:MGM). Hightower Advsr Ltd Co invested in 0.02% or 78,895 shares. Pension Serv reported 0.08% of its portfolio in MGM Resorts International (NYSE:MGM). Par Cap holds 0.4% or 1.23M shares. Livforsakringsbolaget Skandia Omsesidigt reported 9,807 shares. Qs Investors Limited Liability Com holds 5,868 shares. Moreover, Nwi Mgmt LP has 6.26% invested in MGM Resorts International (NYSE:MGM) for 1.92 million shares. Appleton Partners Ma invested in 21,525 shares or 0.09% of the stock. Bluefin Trading Ltd Liability Corporation reported 36,207 shares stake. California Pub Employees Retirement holds 0.04% or 1.12 million shares in its portfolio. New York State Teachers Retirement owns 607,069 shares. Lorber David A reported 4,100 shares. Clearline Cap Limited Partnership holds 187,076 shares. Kbc Grp Nv stated it has 609,644 shares. Yost Cap Management Limited Liability stated it has 18.16% of its portfolio in MGM Resorts International (NYSE:MGM).

Since June 1, 2018, it had 0 insider buys, and 6 selling transactions for $5.47 million activity. D’ARRIGO DANIEL sold $1.71 million worth of stock or 58,676 shares. $49,490 worth of MGM Resorts International (NYSE:MGM) was sold by HERMAN ALEXIS on Thursday, August 16. The insider GAY MARY CHRISTINE sold 1,585 shares worth $49,045. The insider JAMES PHYLLIS sold 15,815 shares worth $446,886. BALDWIN ROBERT also sold $3.04M worth of MGM Resorts International (NYSE:MGM) on Friday, November 2.

Beach Point Capital Management Lp increased its stake in Mgm Resorts International (MGM) by 71.29% based on its latest 2018Q2 regulatory filing with the SEC. Beach Point Capital Management Lp bought 664,356 shares as the company’s stock declined 11.92% while stock markets rallied. The hedge fund held 1.60 million shares of the hotels and resorts company at the end of 2018Q2, valued at $46.34 million, up from 931,860 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $13.77 billion market cap company. The stock increased 1.51% or $0.39 during the last trading session, reaching $26.12. About 4.22M shares traded. MGM Resorts International (NYSE:MGM) has declined 16.76% since November 14, 2017 and is downtrending. It has underperformed by 32.38% the S&P500.

More news for MGM Resorts International (NYSE:MGM) were recently published by: Seekingalpha.com, which released: “MGM Resorts tops expectations” on October 30, 2018. Benzinga.com‘s article titled: “MGM Resorts International Q3 Earnings Preview” and published on October 30, 2018 is yet another important article.

MGM Resorts International (NYSE:MGM) Ratings Coverage

Among 6 analysts covering MGM Resorts (NYSE:MGM), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. MGM Resorts had 8 analyst reports since June 25, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Monday, August 6. The firm earned “Overweight” rating on Friday, July 20 by Morgan Stanley. The stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Goldman Sachs on Monday, June 25. The rating was maintained by Stifel Nicolaus on Friday, August 3 with “Hold”. The firm earned “Overweight” rating on Friday, August 3 by Morgan Stanley. On Monday, July 9 the stock rating was maintained by Nomura with “Buy”. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) on Tuesday, June 26 with “Overweight” rating.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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