Guyasuta Investment Advisors Increases Position in Comcast New (CMCSA); As Mgm Resorts International (MGM) Valuation Rose, Frontfour Capital Group Trimmed by $2.54 Million Its Position

April 25, 2018 - By Clifton Ray

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Frontfour Capital Group Llc decreased its stake in Mgm Resorts International (MGM) by 22.61% based on its latest 2017Q4 regulatory filing with the SEC. Frontfour Capital Group Llc sold 77,072 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund held 263,830 shares of the hotels and resorts company at the end of 2017Q4, valued at $8.81M, down from 340,902 at the end of the previous reported quarter. Frontfour Capital Group Llc who had been investing in Mgm Resorts International for a number of months, seems to be less bullish one the $20.01B market cap company. The stock decreased 0.56% or $0.2 during the last trading session, reaching $35.32. About 1.98 million shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since April 25, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.

Guyasuta Investment Advisors Inc increased its stake in Comcast Corp New (CMCSA) by 97.66% based on its latest 2017Q4 regulatory filing with the SEC. Guyasuta Investment Advisors Inc bought 125,985 shares as the company’s stock declined 19.10% with the market. The institutional investor held 254,995 shares of the television services company at the end of 2017Q4, valued at $10.21 million, up from 129,010 at the end of the previous reported quarter. Guyasuta Investment Advisors Inc who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $158.84 billion market cap company. The stock increased 2.55% or $0.85 during the last trading session, reaching $34.2. About 19.03M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since April 25, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Since February 22, 2018, it had 1 buying transaction, and 6 sales for $5.07 million activity. Shares for $35,500 were bought by GROUNDS WILLIAM WARWICK on Wednesday, March 14. Shares for $1.26 million were sold by D’ARRIGO DANIEL on Friday, February 23. On Tuesday, March 6 the insider BIBLE WILLIAM A sold $215,773. 23,134 MGM Resorts International (NYSE:MGM) shares with value of $848,588 were sold by SANDERS COREY IAN. $2.18 million worth of MGM Resorts International (NYSE:MGM) shares were sold by HORNBUCKLE WILLIAM. Another trade for 12,536 shares valued at $434,632 was sold by TAYLOR DANIEL J.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.58, from 1.53 in 2017Q3. It fall, 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. Point72 Asset LP owns 129,800 shares or 0.02% of their US portfolio. Employees Retirement System Of Texas has 0.11% invested in MGM Resorts International (NYSE:MGM) for 269,000 shares. 132,051 are owned by Stevens Capital Mngmt L P. Marshall Wace Limited Liability Partnership holds 158,768 shares. Omega Advisors Inc stated it has 1.04% of its portfolio in MGM Resorts International (NYSE:MGM). Bp Public Limited owns 58,000 shares or 0.07% of their US portfolio. Pub Employees Retirement Systems Of Ohio has invested 0.06% in MGM Resorts International (NYSE:MGM). Cibc Ww Mkts Corporation holds 0.03% or 115,021 shares in its portfolio. Centurylink Inv Management reported 45,436 shares. 1.54M were accumulated by American Century. Canada Pension Plan Inv Board has 0.01% invested in MGM Resorts International (NYSE:MGM). Calamos Wealth Lc has 159,719 shares. Senator Invest Ltd Partnership holds 3.57% or 10.00M shares in its portfolio. Ftb Advsrs, Tennessee-based fund reported 550 shares. Melvin Capital Mgmt Limited Partnership invested 0.79% of its portfolio in MGM Resorts International (NYSE:MGM).

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on April, 26 before the open. They expect $0.30 EPS, down 21.05% or $0.08 from last year’s $0.38 per share. MGM’s profit will be $169.99M for 29.43 P/E if the $0.30 EPS becomes a reality.

Frontfour Capital Group Llc, which manages about $447.90 million and $370.25 million US Long portfolio, upped its stake in Pq Group Hldgs Inc by 316,672 shares to 365,861 shares, valued at $6.02M in 2017Q4, according to the filing. It also increased its holding in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 21,327 shares in the quarter, for a total of 104,974 shares, and has risen its stake in Centurylink Inc (NYSE:CTL).

Among 18 analysts covering MGM Resorts (NYSE:MGM), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. MGM Resorts had 64 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Strong-Buy” rating by Vetr given on Monday, August 31. The rating was maintained by Telsey Advisory Group on Tuesday, November 8 with “Outperform”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 30. The stock of MGM Resorts International (NYSE:MGM) has “Hold” rating given on Monday, September 11 by Deutsche Bank. Nomura maintained MGM Resorts International (NYSE:MGM) on Wednesday, November 1 with “Buy” rating. The stock of MGM Resorts International (NYSE:MGM) has “Outperform” rating given on Friday, July 28 by Telsey Advisory Group. As per Wednesday, August 5, the company rating was downgraded by Zacks. The stock has “Overweight” rating by JP Morgan on Tuesday, October 13. Morgan Stanley maintained MGM Resorts International (NYSE:MGM) on Friday, October 13 with “Overweight” rating. UBS downgraded the shares of MGM in report on Tuesday, August 1 to “Neutral” rating.

Since December 14, 2017, it had 0 insider buys, and 11 sales for $62.58 million activity. ROBERTS BRIAN L also sold $25.24 million worth of Comcast Corporation (NASDAQ:CMCSA) on Tuesday, March 13. Murdock Daniel C. also sold $30,411 worth of Comcast Corporation (NASDAQ:CMCSA) on Tuesday, April 17. $8.11M worth of Comcast Corporation (NASDAQ:CMCSA) was sold by BURKE STEPHEN B on Friday, January 26. 131,447 shares were sold by WATSON DAVID N, worth $4.84 million on Tuesday, March 6.

Guyasuta Investment Advisors Inc, which manages about $984.22M and $882.53M US Long portfolio, decreased its stake in Automatic Data Processin (NASDAQ:ADP) by 3,602 shares to 82,715 shares, valued at $9.69M in 2017Q4, according to the filing. It also reduced its holding in Coca Cola Co (NYSE:KO) by 12,122 shares in the quarter, leaving it with 104,604 shares, and cut its stake in Mastercard Incorporated (NYSE:MA).

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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