Shareholder Biglari Capital Boosted Biglari Hldgs (BH) Holding; As Mgm Resorts International (MGM) Share Price Rose, Tiger Management Cut Holding by $528,000

April 17, 2018 - By Winifred Garcia

MGM Resorts International (NYSE:MGM) Logo

Biglari Capital Corp increased its stake in Biglari Hldgs Inc (BH) by 2.54% based on its latest 2017Q4 regulatory filing with the SEC. Biglari Capital Corp bought 26,679 shares as the company’s stock declined 2.78% with the market. The hedge fund held 1.08 million shares of the restaurants company at the end of 2017Q4, valued at $446.58 million, up from 1.05M at the end of the previous reported quarter. Biglari Capital Corp who had been investing in Biglari Hldgs Inc for a number of months, seems to be bullish on the $881.89 million market cap company. The stock increased 0.59% or $2.52 during the last trading session, reaching $426.5. About 4,124 shares traded. Biglari Holdings Inc. (NYSE:BH) has declined 1.05% since April 17, 2017 and is downtrending. It has underperformed by 12.60% the S&P500.

Julian Robertson decreased its stake in Mgm Resorts International (MGM) by 23.53% based on its latest 2017Q4 regulatory filing with the SEC. Tiger Management Llc sold 16,000 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund run by Julian Robertson held 52,000 shares of the hotels and resorts company at the end of 2017Q4, valued at $1.74 million, down from 68,000 at the end of the previous reported quarter. Tiger Management Llc who had been investing in Mgm Resorts International for a number of months, seems to be less bullish one the $20.49 billion market cap company. The stock increased 3.97% or $1.38 during the last trading session, reaching $36.15. About 5.36 million 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.

Since February 22, 2018, it had 1 buying transaction, and 6 insider sales for $5.07 million activity. 1,000 MGM Resorts International (NYSE:MGM) shares with value of $35,500 were bought by GROUNDS WILLIAM WARWICK. Shares for $215,773 were sold by BIBLE WILLIAM A. 23,134 shares were sold by SANDERS COREY IAN, worth $848,588. $1.26M worth of MGM Resorts International (NYSE:MGM) was sold by D’ARRIGO DANIEL. $2.18M worth of MGM Resorts International (NYSE:MGM) shares were sold by HORNBUCKLE WILLIAM. On Monday, March 12 HERMAN ALEXIS sold $159,351 worth of MGM Resorts International (NYSE:MGM) or 4,350 shares.

Tiger Management Llc, which manages about $799.15 million and $640.12 million US Long portfolio, upped its stake in Controladora Vuela Cia De Av (NYSE:VLRS) by 1.54 million shares to 2.59M shares, valued at $20.81M in 2017Q4, according to the filing.

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 $170.00M for 30.13 P/E if the $0.30 EPS becomes a reality.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. MGM Resorts had 63 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, June 17, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Stifel Nicolaus on Friday, April 28. Stifel Nicolaus maintained it with “Hold” rating and $37.0 target in Wednesday, February 21 report. As per Monday, June 20, the company rating was maintained by UBS. The firm earned “Outperform” rating on Tuesday, November 8 by Telsey Advisory Group. The rating was maintained by Deutsche Bank on Friday, October 30 with “Buy”. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Wednesday, August 30 by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, November 8 by Stifel Nicolaus. As per Thursday, June 9, the company rating was maintained by Stifel Nicolaus. Telsey Advisory Group maintained it with “Outperform” rating and $39 target in Friday, July 28 report.

Investors 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. Ls Invest Advsrs Lc holds 0.02% or 11,811 shares. The New York-based Perella Weinberg Cap Management LP has invested 0.37% in MGM Resorts International (NYSE:MGM). Dnb Asset Mgmt As has invested 0.02% of its portfolio in MGM Resorts International (NYSE:MGM). Eminence Cap Ltd Partnership, New York-based fund reported 5.10 million shares. France-based Axa has invested 0.04% in MGM Resorts International (NYSE:MGM). Moreover, Harris LP has 1.21% invested in MGM Resorts International (NYSE:MGM) for 22.21M shares. Voya Invest Ltd Liability Com reported 0.02% stake. Ameriprise Fincl holds 0.01% in MGM Resorts International (NYSE:MGM) or 503,398 shares. Price T Rowe Associates Md stated it has 0.13% of its portfolio in MGM Resorts International (NYSE:MGM). Tudor Et Al has 0.02% invested in MGM Resorts International (NYSE:MGM) for 26,131 shares. Guardian Life Insurance Of America has invested 0.01% in MGM Resorts International (NYSE:MGM). Gmt Capital stated it has 2.64 million shares. Canyon Cap Advsrs reported 19.37 million shares or 9.38% of all its holdings. Putnam Investments Ltd Liability Corporation holds 6,700 shares. Van Eck Associate owns 114,883 shares.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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