Gates Capital Management INC Increased Stake in Mgm Resorts International (MGM) by $68.78 Million; Shares Declined

MGM Resorts International (NYSE:MGM) Corporate LogoDuring 2018 Q2 the big money sentiment increased to 1.1. That’s change of 0.21, from 2018Q1’s 0.89. 56 investors sold all, 130 reduced holdings as MGM ratio improved. 134 increased positions while 70 funds bought positions. Funds hold 416.49 million shares thus 6.19% less from 2018Q1’s 443.98 million shares. Employees Retirement Systems Of Texas owns 168,000 shs for 0.07% of their capital. Manufacturers Life The holds 0.02% in MGM Resorts International (NYSE:MGM) or 503,665 shs. Jpmorgan Chase And invested in 0% or 467,744 shs. American Century Cos Inc has 1.14 million shs. Clearline Cap LP holds 3.53% in MGM Resorts International (NYSE:MGM) or 187,076 shs. Prudential Finance holds 555,043 shs or 0.02% of its capital. Pinnacle Associate Ltd has invested 0.16% in MGM Resorts International (NYSE:MGM). Earnest Ptnrs Lc holds 0% of its capital in MGM Resorts International (NYSE:MGM) for 259 shs. Sageworth Tru holds 0% or 750 shs. Cibc Asset Mngmt owns 43,094 shs for 0.01% of their capital. Korea Invest invested in 0.05% or 353,653 shs. Daiwa Secs owns 178,491 shs. Royal Bank Of Canada reported 0.02% in MGM Resorts International (NYSE:MGM). Braun Stacey Incorporated has invested 0.92% of its capital in MGM Resorts International (NYSE:MGM). Thrivent Fin For Lutherans stated it has 31,041 shs or 0% of all its holdings.

MGM registered $1.99 million net activity with 0 buys and 4 insider sales since June 1, 2018. 1,750 shs were sold by HERMAN ALEXIS, worth $49,490. Another trade for 58,676 shs valued at $1.71 million was made by D’ARRIGO DANIEL on Thursday, August 30. On Tuesday, June 5 GAY MARY CHRISTINE sold $49,045 worth of MGM Resorts International (NYSE:MGM) or 1,585 shs.

In Mgm Resorts International (MGM) was increased the stake owned by Gates Capital Management Inc. The reduction is 89.01% according to 2018Q2 SEC filling. By buying 2.37M shares Gates Capital Management Inc made the stock sank with 11.92%. At the end of 2018Q2, the hedge fund held 5.04M shares of the hotels and resorts company, priced at $146.20M, up from 2.66M at the end of the previous reported quarter. $13.59 billion is the MC of Mgm Resorts International. MGM is hitting $25.54 during the last trading session, after decreased 5.23%.MGM Resorts International is downtrending after having declined 16.76% since November 10, 2017. MGM has 9.70M volume or 19.77% up from normal. MGM underperformed by 32.38% the S&P 500.

Gates Capital Management Inc manages about $3.48 billion and $3.55 billion US Long portfolio. Its stake in Davita Inc (NYSE:DVA) was decreased by 82,858 shares to 2.02 million shares valued at $140.28 million in 2018Q2, according to the filing. For a total of 5.01M shares it reduced its holding in Vici Pptys Inc by 356,176 shares in the quarter, and has cut its stake in Armstrong World Inds Inc New (NYSE:AWI).

For more MGM Resorts International (NYSE:MGM) news released recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “MGM Resorts tops expectations” released on October 30, 2018, “Nomura dismisses MGM-Caesars talk” on November 06, 2018, “MGM Resorts – I’m Still On The Sidelines” with a publish date: November 02, 2018, “Macau sector hit by Wynn slowdown warning” and the last “Outside casinos face tough path in Florida” with publication date: November 07, 2018.

MGM Resorts International (NYSE:MGM) Ratings Coverage

A total of 6 analysts rate MGM Resorts (NYSE:MGM) as follows: 3 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NYSE:MGM) has 8 ratings reports on 10 Nov 2018 according to StockzIntelligence. On Friday, July 20 the firm earned “Overweight” rating by Morgan Stanley. The stock rating was maintained by Nomura with “Buy” on Monday, July 9. On Friday, August 3 the rating was maintained by Stifel Nicolaus with “Hold”. On Friday, August 3 Morgan Stanley maintained MGM Resorts International (NYSE:MGM) with “Overweight” rating. On Monday, August 6 the firm has “Overweight” rating given by Barclays Capital. On Tuesday, June 26 the stock of MGM Resorts International (NYSE:MGM) has “Overweight” rating given by Morgan Stanley. On Monday, June 25 the rating was downgraded by Goldman Sachs to “Hold”.

MGM Resorts International (NYSE:MGM) Institutional Investors Chart

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