As Mgm Resorts International (MGM) Share Value Rose, Selz Capital LLC Has Increased Its Position

April 17, 2018 - By Vivian Park

MGM Resorts International (NYSE:MGM) LogoInvestors sentiment decreased to 0.95 in 2017 Q4. Its down 0.58, from 1.53 in 2017Q3. It worsened, as 60 investors sold MGM shares while 150 reduced holdings. 71 funds opened positions while 128 raised stakes. 450.52 million shares or 1.77% less from 458.66 million shares in 2017Q3 were reported. Ascend Capital Ltd Company reported 521,510 shares. Bnp Paribas Asset Management Sa invested 0% in MGM Resorts International (NYSE:MGM). Fmr Limited Liability Corp has invested 0.03% in MGM Resorts International (NYSE:MGM). Glob X Management Co Lc stated it has 0.02% of its portfolio in MGM Resorts International (NYSE:MGM). Bankshares Of America De has invested 0.02% in MGM Resorts International (NYSE:MGM). Quantitative Limited Com accumulated 324,800 shares or 0.16% of the stock. Reilly Fincl Llc has invested 0.01% in MGM Resorts International (NYSE:MGM). Moreover, California State Teachers Retirement Systems has 0.06% invested in MGM Resorts International (NYSE:MGM) for 874,329 shares. Bnp Paribas Arbitrage invested in 171,315 shares. Moreover, Stevens Cap Mngmt LP has 0.17% invested in MGM Resorts International (NYSE:MGM). Jane Street Gru Limited Liability Corporation accumulated 108,154 shares. Invesco holds 855,626 shares. Cornerstone Capital Mgmt Liability Company accumulated 132,953 shares. Point72 Asset Mgmt Lp accumulated 129,800 shares. Profund Advisors Lc accumulated 0.02% or 17,497 shares.

Since February 22, 2018, it had 1 insider purchase, and 6 selling transactions for $5.07 million activity. HERMAN ALEXIS also sold $159,351 worth of MGM Resorts International (NYSE:MGM) shares. The insider GROUNDS WILLIAM WARWICK bought 1,000 shares worth $35,500. D’ARRIGO DANIEL also sold $1.26M worth of MGM Resorts International (NYSE:MGM) on Friday, February 23. $215,773 worth of stock was sold by BIBLE WILLIAM A on Tuesday, March 6. On Thursday, February 22 the insider TAYLOR DANIEL J sold $434,632. $2.18 million worth of MGM Resorts International (NYSE:MGM) was sold by HORNBUCKLE WILLIAM on Friday, March 9.

Bernard Selz increased its stake in Mgm Resorts International (MGM) by 42.81% based on its latest 2017Q4 regulatory filing with the SEC. Selz Capital Llc bought 126,300 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund run by Bernard Selz held 421,300 shares of the hotels and resorts company at the end of 2017Q4, valued at $14.07 million, up from 295,000 at the end of the previous reported quarter. Selz Capital Llc who had been investing in Mgm Resorts International for a number of months, seems to be bullish on the $20.46 billion market cap company. The stock increased 3.85% or $1.34 during the last trading session, reaching $36.11. About 6.28M shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since April 17, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.

MGM Resorts International (NYSE:MGM) Ratings Coverage

Among 13 analysts covering MGM Resorts Intl (NYSE:MGM), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. MGM Resorts Intl had 17 analyst reports since October 18, 2017 according to SRatingsIntel. Susquehanna maintained MGM Resorts International (NYSE:MGM) on Thursday, February 15 with “Hold” rating. Nomura maintained the stock with “Buy” rating in Wednesday, November 1 report. The firm has “Buy” rating by Nomura given on Thursday, January 25. Stifel Nicolaus maintained MGM Resorts International (NYSE:MGM) on Wednesday, February 21 with “Hold” rating. The stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. The stock has “Buy” rating by Bank of America on Wednesday, February 21. The rating was maintained by Morgan Stanley on Tuesday, March 27 with “Overweight”. Barclays Capital maintained it with “Overweight” rating and $40 target in Friday, February 23 report. As per Thursday, November 9, the company rating was maintained by Roth Capital. As per Tuesday, March 13, the company rating was maintained by Deutsche Bank.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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