On Jun 27, 2018 Goldman Sachs Downgrades MGM Resorts Intl (NYSE:MGM).

June 27, 2018 - By Roy Fason

MGM Resorts International (NYSE:MGM) Corporate Logo

Big Money Sentiment decreased to 0.89 in 2018 Q1. It has change of 0.06, from 2017Q4’s 0.95. The ratio turned negative due to MGM Resorts International positioning: 54 sold and 147 reduced. 57 funds acquired stakes and 121 increased stakes. Investors holded 450.52 million in 2017Q4 but now own 443.98 million shares or 1.45% less.

Marathon Trading reported 8,000 shs. 259 are held by Earnest Prns Ltd. Invesco Ltd holds 0.03% of its capital in MGM Resorts International (NYSE:MGM) for 2.60M shs. Land And Buildings Invest Llc has 1.14M shs. Global X Management Com Ltd Llc stated it has 0.02% in MGM Resorts International (NYSE:MGM). Guardian Life Ins Of America invested 0.01% in MGM Resorts International (NYSE:MGM). Caxton Associates L P holds 125,000 shs. Crow Point Prtnrs Limited Liability Company accumulated 0.02% or 2,356 shs. Moreover, Fjarde Ap has 0.07% invested in MGM Resorts International (NYSE:MGM) for 124,842 shs. Nwi Lp holds 1.92 million shs or 5.63% of its capital. Three Peaks Cap Limited Co reported 0.11% of its capital in MGM Resorts International (NYSE:MGM). Citadel Advsrs Limited Liability Corp owns 414,924 shs. Ing Groep Nv accumulated 0.01% or 8,902 shs. Kj Harrison & Prtn Inc holds 35,000 shs or 0.4% of its capital. Country Trust State Bank owns 0% invested in MGM Resorts International (NYSE:MGM) for 804 shs.

MGM Resorts International had 9 sales and 1 insider purchase since February 22, 2018. This’s net activity of $5.42 million. HERMAN ALEXIS sold $159,351 worth of MGM Resorts International (NYSE:MGM) on Monday, March 12. $215,773 worth of MGM Resorts International (NYSE:MGM) was sold by BIBLE WILLIAM A on Tuesday, March 6. On Tuesday, June 5 GAY MARY CHRISTINE sold $49,045 worth of MGM Resorts International (NYSE:MGM) or 1,585 shs. Shares for $179,330 were sold by Mckinney-James Rose on Friday, June 1. 23,134 shs valued at $848,588 were sold by SANDERS COREY IAN on Monday, March 12. GROUNDS WILLIAM WARWICK bought $35,500 worth of MGM Resorts International (NYSE:MGM) on Wednesday, March 14.

Goldman Sachs Lowered MGM Resorts Intl (NYSE:MGM)’s Stock Rating to “Neutral”.

Professional analysts at Goldman Sachs changed to “Neutral” from “Buy” the MGM’s stock rating. On Tuesday, 26 June the decrease was issued.

MGM Resorts International (NYSE:MGM) Ratings Coverage

In total 10 analysts cover MGM Resorts Intl (NYSE:MGM). “Buy” rating has 6, “Sell” are 0, while 4 are “Hold”. (NYSE:MGM) has 60% bullish analysts. 15 are the (NYSE:MGM)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Friday, April 27 the firm earned “Overweight” rating by Morgan Stanley. On Friday, February 23 the company was maintained by Barclays Capital. On Monday, April 23 Susquehanna upgraded MGM Resorts International (NYSE:MGM) to “Positive” rating. On Thursday, January 25 the rating was maintained by Nomura with “Buy”. On Friday, April 27 the rating was maintained by Deutsche Bank with “Hold”. The stock rating was maintained by Jefferies with “Buy” on Monday, May 7. On Wednesday, February 21 the firm has “Hold” rating given by Stifel Nicolaus. On Tuesday, March 13 Deutsche Bank maintained MGM Resorts International (NYSE:MGM) with “Hold” rating. On Tuesday, June 26 the company was maintained by Morgan Stanley. On Thursday, February 15 the stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Susquehanna.

MGM is reaching $29.035 during the last trading session, after decreased 0.43%.MGM Resorts International has volume of 2.97M shares. Since June 27, 2017 MGM has declined 0.47% and is downtrending. MGM underperformed by 13.04% the S&P500.

On July, 26 WallStreet anticipated MGM Resorts International (NYSE:MGM)’s earnings report, according to RTT. This year’s EPS analyst estimate is anticipated to be $0.27. That is 12.90 % down compareed to $0.31 EPS for last year. If $0.27 is reported, MGM’s profit will reach $150.33 million for 26.88 P/E. -20.59 % negative EPS growth is what Wall Street’s forecasts after $0.34 reported EPS previous quarter.

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China.The firm is valued at $16.17 billion. The firm operates through two divisions, Domestic Resorts and MGM China.8.57 is the P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

For more MGM Resorts International (NYSE:MGM) news posted recently go to: Seekingalpha.com, Benzinga.com, Bizjournals.com, Fool.com or 247Wallst.com. The titles are as follows: “Has MGM Lost Its Way… Again?” posted on May 31, 2018, “Benzinga’s Top Upgrades, Downgrades For June 26, 2018” on June 26, 2018, “MGM National Harbor, MGM Resorts betting something, or everything, on Stanley Cup Final” with a publish date: May 31, 2018, “Where MGM Resorts Makes Its Money” and the last “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” with publication date: June 26, 2018.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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