DHX Media Ltd. (DHXM) Reaches $2.50 1 Year Low; Gates Capital Management Trimmed Mgm Resorts International (MGM) Holding By $26.70 Million

June 14, 2018 - By Linda Rogers

MGM Resorts International (NYSE:MGM) Logo

The stock of DHX Media Ltd. (NASDAQ:DHXM) hit a new 52-week low and has $2.40 target or 4.00% below today’s $2.50 share price. The 5 months bearish chart indicates high risk for the $338.77M company. The 1-year low was reported on Jun, 14 by Barchart.com. If the $2.40 price target is reached, the company will be worth $13.55M less. It closed at $2.5 lastly. It is down 43.15% since June 14, 2017 and is downtrending. It has underperformed by 55.72% the S&P500. Some Historical DHXM News: ; 14/05/2018 – DHX CONSIDERING SUSPENSION OF DIV., DE-LISTING FROM NASDAQ; 18/04/2018 – DHX Media: Steven DeNure to Transition out of Role as Pres and COO; 20/03/2018 – DHX Media Short-Interest Ratio Rises 57% to 32 Days; 18/04/2018 – DHX Media Names Aaron Ames Oper Chief; 16/05/2018 – Old West Investment Management Buys 2.3% Position in DHX Media; 15/05/2018 – FITCH AFFIRMS DHX MEDIA’S ‘B+’ IDR FOLLOWING SONY PARTNERSHIP; 07/03/2018 683 Capital Buys New 2.9% Position in DHX Media; 15/05/2018 – Moody’s Affirms Dhx Media’s B2 Rating, Maintains Stable Outlook; 14/05/2018 – DHX MEDIA REPORTS LARGE LICENSING OPPORTUNITIES IN TALKS; 15/05/2018 – Fitch Affirms DHX Media’s ‘B+’ IDR Following Sony Partnership Announcement; Outlook Stable

Gates Capital Management Inc decreased Mgm Resorts International (MGM) stake by 22.26% reported in 2018Q1 SEC filing. Gates Capital Management Inc sold 762,760 shares as Mgm Resorts International (MGM)’s stock declined 10.98%. The Gates Capital Management Inc holds 2.66M shares with $93.31M value, down from 3.43M last quarter. Mgm Resorts International now has $17.46B valuation. The stock increased 1.32% or $0.41 during the last trading session, reaching $31.36. About 3.77 million shares traded. MGM Resorts International (NYSE:MGM) has declined 0.47% since June 14, 2017 and is downtrending. It has underperformed by 13.04% the S&P500. Some Historical MGM News: ; 05/04/2018 – Album of Reimagined Love Songs Features Artistic Vision of Bob Dylan, Kesha, Benjamin Gibbard, St. Vincent, Valerie June and Kele Okereke; 05/04/2018 – New York Post: MGM Resorts may roll the dice and buy Wynn Resorts; 29/05/2018 – MGM RESORTS TO BUY EMPIRE CITY CASINO IN YONKERS, NEW YORK; 29/05/2018 – MGM GROWTH PROPERTIES LLC – TRANSACTION EXPECTED TO BE ACCRETIVE FOR BOTH MGM RESORTS AND MGP; 29/05/2018 – MGM RESORTS INTL, MGM GROWTH PROPERTIES LLC REPORT TRANSACTIONS; 06/04/2018 – IBD: MGM Resorts International May Bet Big On Bid For Wynn Resorts; 18/04/2018 – MassLive.com: MGM Boston Harbor? URL purchased amid talks of MGM-Wynn Boston Harbor potential deal; 26/04/2018 – MGM RESORTS INTERNATIONAL – FOR REMAINDER OF YEAR, EXPECT CONTINUED DISRUPTION AT MONTE CARLO AND ADDITIONAL TIME TO RECOVER AT MANDALAY BAY; 10/05/2018 – MGM RESORTS INTL: NEW $2.0B SHR REPURCHASE PROGRAM; 22/03/2018 – NewsChannel 12: BREAKING: The footage was obtained exclusively from MGM Resorts and shows Stephen Paddock hauling bags of

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on July, 26. They expect $0.27 earnings per share, down 12.90% or $0.04 from last year’s $0.31 per share. MGM’s profit will be $150.33M for 29.04 P/E if the $0.27 EPS becomes a reality. After $0.34 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -20.59% negative EPS growth.

Since February 22, 2018, it had 1 buy, and 9 sales for $5.42 million activity. Shares for $35,500 were bought by GROUNDS WILLIAM WARWICK on Wednesday, March 14. On Monday, March 12 the insider SANDERS COREY IAN sold $848,588. $179,330 worth of stock was sold by Mckinney-James Rose on Friday, June 1. $434,632 worth of stock was sold by TAYLOR DANIEL J on Thursday, February 22. BIBLE WILLIAM A had sold 6,260 shares worth $215,773. 1,585 shares were sold by GAY MARY CHRISTINE, worth $49,045 on Tuesday, June 5. Shares for $121,551 were sold by HERMAN ALEXIS on Monday, April 30.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. MGM Resorts had 67 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, May 7 by Jefferies. Susquehanna maintained it with “Positive” rating and $31 target in Friday, April 21 report. The rating was maintained by Nomura with “Buy” on Wednesday, November 1. On Wednesday, August 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Tuesday, October 13 report. The firm has “Hold” rating by Zacks given on Wednesday, August 5. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, November 8. The company was upgraded on Thursday, January 28 by JP Morgan. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 5. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Wednesday, April 5 by Goldman Sachs.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Seekingalpha.com which released: “Has MGM Lost Its Way… Again?” on May 31, 2018, also Globenewswire.com with their article: “Report: Developing Opportunities within Cimarex Energy, MSCI, Prestige Brand, MGM Resorts International, Discover …” published on June 12, 2018, Seekingalpha.com published: “Sports betting goes live in New Jersey” on June 14, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Fool.com and their article: “Sports Betting Legalization Gets MGM Resorts to Reconsider Expansion” published on June 07, 2018 as well as Bizjournals.com‘s news article titled: “MGM National Harbor names the permanent replacement for Marcus” with publication date: June 11, 2018.

Gates Capital Management Inc increased Ion Geophysical Corp stake by 349,688 shares to 861,844 valued at $23.36 million in 2018Q1. It also upped Itron Inc (NASDAQ:ITRI) stake by 594,683 shares and now owns 844,123 shares. Grace W R & Co Del New (NYSE:GRA) was raised too.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.06, from 0.95 in 2017Q4. It dropped, as 54 investors sold MGM shares while 147 reduced holdings. 57 funds opened positions while 121 raised stakes. 443.98 million shares or 1.45% less from 450.52 million shares in 2017Q4 were reported. Northern Trust holds 0.05% in MGM Resorts International (NYSE:MGM) or 5.07 million shares. Wellington Mgmt Group Llp reported 0.08% in MGM Resorts International (NYSE:MGM). New York-based Focused Wealth Mgmt has invested 0.01% in MGM Resorts International (NYSE:MGM). Korea Corp holds 361,053 shares. Maplelane Capital Limited Liability Corp reported 0% stake. Parallax Volatility Advisers LP holds 0.01% of its portfolio in MGM Resorts International (NYSE:MGM) for 242,696 shares. Element Mngmt Ltd Liability Company owns 0.01% invested in MGM Resorts International (NYSE:MGM) for 7,858 shares. Renaissance Techs Ltd Llc invested in 296,240 shares or 0.01% of the stock. 43,644 were accumulated by Kbc Grp Inc Nv. Nuveen Asset Management Limited Liability invested in 0.13% or 583,779 shares. Amalgamated Bancorporation owns 63,088 shares. Prescott Group Inc Limited Liability reported 45,000 shares. Iridian Asset Limited Liability Corporation Ct holds 1.51% in MGM Resorts International (NYSE:MGM) or 4.80M shares. Gluskin Sheff And Associates stated it has 0.12% of its portfolio in MGM Resorts International (NYSE:MGM). Calamos Wealth Management Ltd Limited Liability Company owns 172,788 shares.

Another recent and important DHX Media Ltd. (NASDAQ:DHXM) news was published by Seekingalpha.com which published an article titled: “Forge First Funds April 2018 Commentary – Danger With Canadian Natural Gas” on May 20, 2018.

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company has market cap of $338.77 million. It operates through three divisions: Content Business, DHX Television Ltd., and Copyright Promotions Licensing Group. It has a 92.59 P/E ratio. The firm focuses on children's, youth, and family productions; offers animation programs; and provides production services.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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