Published: Sat, January 13, 2018
Business | By Tara Barton

MGM Resorts International's (MGM) "Overweight" Rating Reiterated at JPMorgan Chase & Co


Following the sale, the insider now directly owns 70,049 shares of the company's stock, valued at approximately $2,280,795.44. The stock decreased 0.37% or $0.13 during the last trading session, reaching $34.98. The stock holds an average trading capacity of 2.26M shares for the past three months. MVC Capital, Inc. (NYSE:MVC) has risen 9.86% since January 13, 2017 and is uptrending. It has outperformed by 24.43% the S&P500. MGM Resorts International's dividend payout ratio (DPR) is presently 43.14%. Insiders have sold 96,877 shares of company stock worth $3,187,002 in the last 90 days. The Pacific Alternative Asset Management Company Llc holds 23,093 shares with $4.31M value, up from 6,669 last quarter. The Company, through its subsidiaries, owns and operates casino resorts. The stock decreased 0.23% or $0.08 during the last trading session, reaching $35.03. About 453 shares traded. MGM Resorts International (NYSE:MGM)'s short interest is 19.49 million shares, or 3.86% of the float. It has outperformed by 28.58% the S&P500.

Investors sentiment increased to 1.53 in Q3 2017. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. Boyar Asset Management stated it has 0.62% in MGM Resorts International (NYSE:MGM). 118 funds opened positions while 346 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Canyon Capital Advsr Ltd Liability Corp invested in 10.13% or 20.79 million shares. The West Virginia-based Security Natl has invested 0.01% in Electronic Arts Inc. Brown Brothers Harriman & holds 313,022 shares or 0.22% of its portfolio. Ibm Retirement Fund owns 12,942 shares for 0.09% of their portfolio. Mckinley Cap Limited Co Delaware invested in 1.2% or 902,570 shares. Bnp Paribas Arbitrage Sa accumulated 2,828 shares. D Scott Neal, Kentucky-based fund reported 243 shares. Wynnefield Capital Inc holds 5.69% or 1.59M shares in its portfolio. Therefore 67% are positive. The stock of MGM Resorts International (NYSE:MGM) earned "Overweight" rating by JP Morgan on Wednesday, November 1. Deutsche Bank maintained it with "Buy" rating and $28 target in Friday, October 30 report. Intel Corporation (NASDAQ:INTC) has risen 19.47% since January 13, 2017 and is uptrending. Benchmark maintained Electronic Arts Inc. The firm has "Strong-Buy" rating by Vetr given on Monday, August 31. The stock of Electronic Arts Inc. The firm has "Outperform" rating given on Wednesday, October 7 by RBC Capital Markets. For the next financial year, analysts anticipate that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.16 to $1.75. It also reduced its holding in Chevron Corporation Com (NYSE:CVX) by 11,932 shares in the quarter, leaving it with 314,775 shares, and cut its stake in Cisco Systems Inc Com (NASDAQ:CSCO).

Since July 31, 2017, it had 0 insider buys, and 10 insider sales for $31.43 million activity. SANDERS COREY IAN sold $553,133 worth of stock or 16,446 shares. Another trade for 5,273 shares valued at $177,701 was made by McManus John on Friday, September 8. Shares for $1.37 million were sold by SELWOOD ROBERT. (NASDAQ:EA) was sold by Moss Kenneth A on Wednesday, August 2.

Since August 1, 2017, it had 0 insider purchases, and 6 insider sales for $22.86 million activity. MURREN JAMES sold $10.02 million worth of stock. Shares for $104,779 were sold by Mckinney-James Rose. Soroban Capital Partners Lp sold 4.00 million shares as Mgm Resorts International (Call) (MGM)'s stock rose 17.48%. GAY MARY CHRISTINE had sold 3,000 shares worth $95,648. Shares for $121,732 were sold by HERMAN ALEXIS. MGM's profit will be $39.63 million for 125.11 P/E if the $0.07 EPS becomes a reality. After $0.33 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -78.79% negative EPS growth. Its down 0.31, from 1.5 in 2017Q2. Schwab Charles Investment Management Inc. raised its stake in shares of MGM Resorts International by 5.7% in the second quarter. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported. Fred Alger stated it has 5,917 shares. Sumitomo Mitsui Asset Mgmt Co Limited reported 0.02% stake. Brookstone Mgmt reported 1,342 shares. Checchi Capital Advisers Limited Co reported 26,802 shares. Moreover, Wells Fargo Mn has 0.01% invested in PriceSmart, Inc. Fmr Ltd Liability Co holds 0.03% of its portfolio in MGM Resorts International (NYSE:MGM) for 7.65 million shares. The stock has 52-week high of $35.13 and 52-Week low of $25.15. Ameritas Investment Inc accumulated 11,000 shares. Moreover, Aperio Grp Inc Limited Liability Company has 0.02% invested in MGM Resorts International (NYSE:MGM). Stephens Ar owns 1,641 shares. Us Bancshares De reported 53,286 shares stake. Manufacturers Life Insur Communication The accumulated 708,770 shares.

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Equities research analysts expect MGM Resorts International (NYSE:MGM) to report earnings per share (EPS) of $0.07 for the current quarter, Zacks Investment Research reports. Therefore 63% are positive.

The P/E ratio of 33.32 for MGM Resorts International, MGM, provides an insight into the measurement sticks, which compares the company's valuations. As per Monday, June 20, the company rating was maintained by Susquehanna.

Analysts believe that the company has the potential to earn average revenue of $2.51 Billion for the current quarter. There are brokerage firms with lower targets than the average, including one setting a price target of $1.3. Morgan Stanley set a $34.00 target price on MGM Resorts International and gave the stock a "buy" rating in a research note on Friday, October 13th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $44.00 price objective (up from $41.00) on shares of MGM Resorts International in a report on Tuesday. The stock of MGM Resorts International (NYSE:MGM) earned "Buy" rating by Goldman Sachs on Wednesday, April 5. The stock has "Buy" rating by Seaport Global on Wednesday, January 3. As per Tuesday, January 17, the company rating was maintained by Telsey Advisory Group. The firm has "Outperform" rating by Telsey Advisory Group given on Friday, May 6.

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