As Mgm Resorts International (MGM) Stock Rose, Beach Point Capital Management LP Has Lifted Position

August 11, 2017 - By reb123z

Investors sentiment increased to 1.41 in 2016 Q4. Its up 0.43, from 0.98 in 2016Q3. It increased, as 31 investors sold MGM shares while 121 reduced holdings. 93 funds opened positions while 121 raised stakes. 401.91 million shares or 0.07% more from 401.64 million shares in 2016Q3 were reported. Beach Point Capital Management Lp reported 23.35% in MGM Resorts International (NYSE:MGM). Cipher Cap Limited Partnership holds 0.02% or 12,087 shares in its portfolio. Axa stated it has 0.04% in MGM Resorts International (NYSE:MGM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt reported 69,710 shares stake. 2.81M were accumulated by Bridger Mngmt Limited Liability Co. New Jersey Better Educational Savings Trust, New Jersey-based fund reported 14,000 shares. Elk Creek Ptnrs Limited Co has invested 0.03% in MGM Resorts International (NYSE:MGM). Systematic Fincl Mngmt LP owns 1.65 million shares for 0.75% of their portfolio. Gulf Intll National Bank (Uk) Limited reported 0% of its portfolio in MGM Resorts International (NYSE:MGM). Highfields Mngmt LP owns 2.61 million shares. Bnp Paribas Arbitrage holds 34,025 shares or 0% of its portfolio. Prelude Capital Mgmt Limited Liability Corp holds 130,570 shares. Moreover, Bankshares Of New York Mellon Corporation has 0.02% invested in MGM Resorts International (NYSE:MGM). Vanguard Gp accumulated 0.06% or 36.75M shares. Toronto Dominion Bancorporation invested 0% of its portfolio in MGM Resorts International (NYSE:MGM).

Since February 21, 2017, it had 1 buy, and 14 sales for $9.01 million activity. Mckinney-James Rose also sold $27,236 worth of MGM Resorts International (NYSE:MGM) shares. BIBLE WILLIAM A also sold $137,015 worth of MGM Resorts International (NYSE:MGM) on Tuesday, March 14. GAY MARY CHRISTINE also sold $105,568 worth of MGM Resorts International (NYSE:MGM) on Tuesday, March 14. SELWOOD ROBERT also sold $317,052 worth of MGM Resorts International (NYSE:MGM) shares. SANDERS COREY IAN also sold $615,686 worth of MGM Resorts International (NYSE:MGM) shares. Another trade for 48,975 shares valued at $1.27M was made by HERNANDEZ ROLAND A on Tuesday, March 14. 1,150 shares valued at $30,753 were bought by GROUNDS WILLIAM WARWICK on Tuesday, February 21.

Carl Goldsmith increased its stake in Mgm Resorts International (MGM) by 19.67% based on its latest 2016Q4 regulatory filing with the SEC. Beach Point Capital Management Lp bought 295,230 shares as the company’s stock rose 17.48% with the market. The hedge fund run by Carl Goldsmith held 1.80M shares of the hotels and resorts company at the end of 2016Q4, valued at $51.78 million, up from 1.50M 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 $17.59 billion market cap company. The stock rose 0.21% or $0.07 reaching $30.58 per share. About 3.79 million shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since August 11, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Prnewswire.com which released: “MGM Resorts International Introduces Real-Money Online Gaming In New Jersey On …” on August 03, 2017, also Prnewswire.com with their article: “Debra DeShong Joins MGM Resorts International As Vice President Of Global …” published on July 24, 2017, Nasdaq.com published: “RSI Alert: MGM Resorts International (MGM) Now Oversold” on August 10, 2017. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Prnewswire.com and their article: “MGM Resorts International Reinforces Commitment to Japanese Market” published on August 08, 2017 as well as Seekingalpha.com‘s news article titled: “MGM Resorts International (MGM) Q2 2017 Results – Earnings Call Transcript” with publication date: July 27, 2017.

MGM Resorts International (NYSE:MGM) Ratings Coverage

Among 13 analysts covering MGM Resorts (NYSE:MGM), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. MGM Resorts had 41 analyst reports since August 5, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, November 8 report. The firm earned “Outperform” rating on Friday, December 9 by Telsey Advisory Group. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, May 6 report. The rating was maintained by Nomura on Wednesday, October 5 with “Buy”. The stock of MGM Resorts International (NYSE:MGM) has “Hold” rating given on Wednesday, August 5 by Zacks. The company was initiated on Friday, May 6 by Morgan Stanley. The company was maintained on Wednesday, August 5 by Stifel Nicolaus. The company was upgraded on Thursday, October 6 by Argus Research. On Tuesday, August 1 the stock rating was downgraded by UBS to “Neutral”. Stifel Nicolaus maintained it with “Buy” rating and $30 target in Thursday, June 9 report.

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