Published: Mon, April 23, 2018
Business | By Tara Barton

Shareholder Nwi Management LP Increased Mgm Resorts International (MGM) Stake

Arizona State Retirement System bought 48,100 shares as the company's stock declined 4.63% with the market.

Institutional investors and hedge funds have recently modified their holdings of the stock. Jarislowsky Fraser Ltd who had been investing in Ambev Sa Adr for a number of months, seems to be bullish on the $112.23 billion market cap company. The stock increased 0.25% or $0.15 during the last trading session, reaching $59.

Jarislowsky Fraser Ltd, which manages about $33.95B and $17.19 billion US Long portfolio, decreased its stake in Bank Of Nova Scotia (NYSE:BNS) by 187,132 shares to 16.64M shares, valued at $1.08B in 2017Q4, according to the filing. (TR) has declined 20.03% since April 22, 2017 and is downtrending. It has underperformed by 31.58% the S&P500. Lord Abbett And Commerce Lc invested 0.1% of its portfolio in MGM Resorts International (NYSE:MGM). The Nokota Management Lp holds 1.34 million shares with $44.58 million value, up from 950,000 last quarter. During the same period in the prior year, the company posted $0.11 EPS. sell-side analysts expect that MGM Resorts International will post 1.41 EPS for the current fiscal year. The stock decreased 0.34% or $0.12 during the last trading session, reaching $35.44. Toronto Dominion Bank now owns 5,020 shares of the company's stock worth $138,000 after buying an additional 1,099 shares during the period. CLSA restated an "outperform" rating on shares of MGM Resorts International in a research note on Friday, April 28th. It has outperformed by 19.60% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.58, from 1.53 in 2017Q3.

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In other MGM Resorts International news, President William Hornbuckle sold 60,000 shares of MGM Resorts International stock in a transaction that occurred on Friday, March 9th. 71 funds amassed holdings and 128 increased holdings. Investors holded 458.66 million in 2017Q3 but now own 450.52 million shares or 1.77% less. San Francisco Sentry Group Inc (Ca) reported 443 shares or 0% of all its holdings. Ssi Investment Mgmt Inc holds 0.03% or 2,212 shares in its portfolio. Dubuque Comml Bank & Com stated it has 0.01% in MGM Resorts International (NYSE:MGM). Ascend Limited Liability Co invested in 521,510 shares. Putnam Investments Ltd Liability has 0% invested in MGM Resorts International (NYSE:MGM) for 6,700 shares. Moreover, Marshwinds Advisory Co has 1.28% invested in the company for 75,820 shares. Pnc Financial Service Group holds 167,727 shares. Jane Street Gru Ltd reported 108,154 shares. Kbc Nv reported 299,649 shares. Finally, Telsey Advisory Group assumed coverage on MGM Resorts International in a research report on Wednesday, March 14th. Moreover, Soroban Cap Prtnrs Limited Partnership has 3.08% invested in MGM Resorts International (NYSE:MGM) for 22.30M shs. Bancorporation Of America De holds 0.02% or 4.31M shares. Tiaa Cref Management Ltd Company invested in 0.08% or 3.51M shares.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 13 have Buy rating, 0 Sell and 5 Hold. 67% are bullish. 15 are the (NYSE:MGM)'s analyst reports since October 25, 2017 according to StockzIntelligence Inc. As per Wednesday, February 21, the company rating was maintained by Bank of America. On Wednesday, April 26 the stock rating was maintained by RBC Capital Markets with "Outperform". Keefe Bruyette & Woods maintained it with "Market Perform" rating and $62 target in Friday, May 13 report. On Friday, February 23 Barclays Capital maintained MGM Resorts International (NYSE:MGM) with "Overweight" rating. In Wednesday, November 1 report JP Morgan maintained it with "Overweight" rating and $40 target. UBS downgraded MGM Resorts International (NYSE:MGM) on Tuesday, August 1 to "Neutral" rating. The rating was maintained by Goldman Sachs with "Buy" on Wednesday, April 5. Instinet restated a "buy" rating and set a $35.00 target price (up previously from $34.00) on shares of MGM Resorts International in a research note on Saturday, April 29th. The stock now has an average rating of Buy and a consensus price target of $38.53. On Thursday, February 15 the stock rating was maintained by Susquehanna with "Hold". MGM Resorts International has a 12 month low of $21.31 and a 12 month high of $32.28. Wood upgraded the stock to "Outperform" rating in Thursday, December 28 report. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. For a total of 210,000 shares it reduced its holding in Spirit Airlines Inc (NASDAQ:SAVE) by 240,000 shares in the quarter, and has cut its stake in Twitter Inc (NYSE:TWTR).

Since February 22, 2018, it had 1 insider buy, and 6 sales for $5.07 million activity. GROUNDS WILLIAM WARWICK bought $35,500 worth of stock or 1,000 shares. Jefferies Group started coverage on MGM Resorts International in a research note on Thursday, January 18th. Another trade for 6,260 shares valued at $215,773 was sold by BIBLE WILLIAM A. Shares for $159,351 were sold by HERMAN ALEXIS. 23,134 MGM Resorts International (NYSE:MGM) shares with value of $848,588 were sold by SANDERS COREY IAN. Nokota Management Lp acquired 385,000 shares as Mgm Resorts International (MGM)'s stock rose 4.56%.

Investors sentiment decreased to 0.95 in Q4 2017. Its up 0.06, from 1.18 in 2017Q3. 158.67 million shares or 2.28% more from 155.14 million shares in 2017Q3 were reported. Following the completion of the sale, the director now directly owns 3,935 shares in the company, valued at $144,139.05. Wells Fargo And Co Mn has 410,859 shares. Bb&T Corp accumulated 243,040 shares. Wagner Bowman Management invested in 0.1% or 8,579 shares. At the end of 2017Q4, the hedge fund held 1.65M shares of the hotels and resorts company, priced at $55.09M, up from 1.53 million at the end of the previous reported quarter. Chatham Cap Group owns 20,340 shares. Dimensional Fund Advsr LP reported 558,497 shares. Janney Montgomery Scott Ltd Liability holds 61,847 shares. Arrow Investment Lc owns 13,998 shs or 0.13% of their USA capital. Johnson Fin Grp Inc reported 0.23% stake. It also increased its holding in Pq Group Hldgs Inc by 316,672 shares in the quarter, for a total of 365,861 shares, and has risen its stake in Obsidian Energy Ltd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Therefore 22% are positive.

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