MGM proposing resort casino in Bridgeport, Connecticut

Lord Abbett & Company Increased Its Holding in Mgm Resorts International Com (MGM) as Stock Rose

Concourse Capital Management Has Trimmed Its Mgm Resorts International (MGM) Position; 10 Analysts Covering Coca-Cola European Partners plc Ordinary Shares (CCE)

Toronto Dominion Bank now owns 5,020 shares of the company's stock worth $138,000 after buying an additional 1,099 shares during the period. BidaskClub upgraded MGM Resorts International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, July 25th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The third largest holder is Capital Research Global Investors, which now holds $1.03 billion worth of this stock and that ownership represents almost 5.49% of its market capitalization. Finally, Telsey Advisory Group increased their price target on shares of MGM Resorts International from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, July 28th. The firm has "Buy" rating given on Friday, February 17 by Stifel Nicolaus. The company presently has an average rating of "Buy" and a consensus target price of $35.12. Comerica Bankshares holds 0.01% in MGM Resorts International (NYSE:MGM) or 26,896 shares. The institutional investor owned 202,193 shares of the company's stock after selling 620,815 shares during the period. The stock touched 52-week High of $34.65 on 09/07/17 and 52-week Low of $24.78 on 09/21/16. The stock has a 50-day moving average of $32.03 and a 200-day moving average of $30.60. Canyon Capital Advisors LLC grew its stake in shares of MGM Resorts International by 19.3% in the 1st quarter.

Analysts are also projecting an Average Revenue Estimate for MGM Resorts International as $2.76 Million in the Current Quarter.

The company reported its EPS on 6/29/2017. Blackrock Institutional Trust Na stated it has 0.05% in MGM Resorts International (NYSE:MGM). In contrast to the year ago quarter EPS was at 0.33. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.67 billion. Mgm Resorts International Com now has $18.22B valuation. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US & global copyright and trademark legislation. The correct version of this report can be viewed at https://weekherald.com/2017/09/18/mgm-resorts-international-mgm-cut-to-hold-at-deutsche-bank-ag.html.

Springfield's Mayor and City Council president are expressing confidence that MGM Resorts International remains committed to the MGM Springfield casino project, as the company announces plans to build another gaming resort in Bridgeport, Connecticut. Its down 0.33, from 1.83 in 2016Q3. Investors of record on Monday, September 11th were paid a $0.11 dividend. Its down 0.22, from 1.23 in 2016Q3.

Three hundred fifty-five days and counting: MGM Springfield is set to open in less than a year. About 8.65M shares traded or 18.33% up from the average. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

In related news, insider Robert Baldwin sold 49,179 shares of the business's stock in a transaction dated Monday, September 11th. Next Financial Group Inc Incorporated accumulated 1,122 shares. The disclosure for this sale can be found here. Insider ownership decreased by a total of 6.15 million shares, which suggests that MGM's key executives are feeling less optimistic about the outlook for the stock. It is positive, as 31 investors sold MGM shares while 121 reduced holdings. IFP Advisors Inc now owns 4,558 shares of the company's stock worth $125,000 after buying an additional 31 shares in the last quarter.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Thursday, July 27th. On Monday, May 1 BIBLE WILLIAM A sold $181,743 worth of MGM Resorts International (NYSE:MGM) or 5,906 shares. Pacad Investment Ltd. bought a new stake in MGM Resorts International during the 2nd quarter worth about $169,000. The Virginia-based Yorktown Management & Research Co Inc has invested 0.71% in the stock. Finally, Colony Group LLC acquired a new stake in shares of MGM Resorts International in the second quarter valued at $203,000. LLC now owns 7,403 shares of the company's stock worth $203,000 after buying an additional 1,724 shares in the last quarter.

Nwi Management Lp decreased its stake in Mgm Resorts International (MGM) by 21.03% based on its latest 2016Q4 regulatory filing with the SEC. National Bank & Trust Of America De holds 7,484 shares.

ILG, Inc. (NASDAQ:ILG) operates in the Resorts & Casinos segment of the Services sector. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

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