“Cut-to-the-Chase” Recommendations
- Week Beginning -
Monday, February 19, 2018

by Ian Harvey

IMPORTANT NOTE: There is no stop-loss or pre-determined sell price recommended – this is left to the discretion of the individual trader.


Option Trade - - Trinity Industries Inc. (NYSE:TRN) Calls

Wednesday, February 21, 2018

** OPTION TRADE: Buy TRN MARCH 16 2018 36.000 CALL at approximately $0.85 each. Sell price is left to your own judgment.

Stocks in the transportation space seem to be back in favor, after being laid low for the most of 2017 due to multiple headwinds like the back-to-back hurricanes. Also, the new tax law (Tax Cuts and Jobs Act) is a huge positive for the companies in this space. Notably, the $1.5 trillion tax overhaul signed into law by President Trump on Dec 22, 2017 reduces corporate taxes significantly. This is likely to boost cash flow, which in turn will aid earnings of transportation stocks.

Apart from the significant drop in corporate tax rate, the new law allows these companies to deduct capital expenditures from taxable income in the year of their occurrence. This aspect hugely favors transportation stocks as these invest substantially in capital expenditures. In fact, many sector participants have declared bonuses for their employees recently, thus highlighting their optimism pertaining to the new law.

Given the buoyance in the sector, a key player such as Trinity Industries Inc. (NYSE:TRN), which is scheduled to report fourth-quarter 2017 results today, February 21, after the market closes, is going to prosper. Wall Street brokerages expect that Trinity Industries will announce earnings per share of $0.42 for the current quarter.

Brokerages expect Trinity Industries to report $1.10 billion in sales for the current quarter. Four analysts have provided estimates for Trinity Industries’ earnings, with estimates ranging from $1.02 billion to $1.19 billion. Trinity Industries also posted sales of $1.10 billion during the same quarter last year.

Last quarter, the company delivered a positive earnings surprise of 34.4%. Trinity Industries has also surpassed the Consensus Estimate for earnings in each of the last four quarters, with an average beat of approximately 15.9%.

The stock's impressive earnings history is well reflected in its robust price performance over the year. While Trinity Industries has rallied 20.5%, the Equipment and Leasing industry gained 2.3%.

Trinity Industries is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for TRN in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 45 cents per share for TRN, compared to a broader Consensus Estimate of 42 cents per share. This suggests that analysts have very recently bumped up their estimates for TRN, giving the stock an Earnings ESP of +7.14% heading into earnings season.

Influencing Factors

The rail supply industry is stuck in a "somewhat meh" state, but Trinity Industries Inc. is an attractive buy, according to Wells Fargo.

Wells Fargo's Allison Poliniak-Cusic upgraded Trinity Industries from Market Perform to Outperform with a price target boosted from $40 to $53.

The rail supply industry isn't showing signs of strong growth, but it also isn't showing signs of weakness, Poliniak-Cusic said in a Thursday note.

New orders over the past two quarters have stabilized, and leasing rates look to have bottomed and are now posting low but sequential improvements, the analyst said. Storage levels are "stubbornly elevated and rail traffic is less than impressive" and expectations for new rail car demand look "relatively muted" in the near-term, she said.

Nevertheless, the case for buying Trinity Industries' stock can now be made for three reasons, the analyst said:

  • The stock's recent pullback does not reflect the company's leasing value.
  • Trinity boasts a "strong" liquidity position with $875 million in cash on hand.
  • The company's exposure to inland barge, highway and energy bodes well in the 2018 infrastructure outlook.

Trinity Industries announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts and Hedge Funds Opinions

Wells Fargo & Co upgraded shares of Trinity Industries from a market perform rating to an outperform rating in a research note issued to investors on Friday. Wells Fargo & Co currently has $53.00 target price on the transportation company’s stock.

Trinity Industries was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, February 3rd. The firm presently has a $38.00 target price on the transportation company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 9.07% from the company’s previous close.

According to Zacks, “Trinity Industries, Inc., is a diversified industrial company that owns complementary market-leading businesses providing products and services to the energy, chemical, agriculture, transportation, and construction sectors, among others. The company, Trinity Industries, Inc., operates in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. Trinity is engaged in the manufacture, marketing, and leasing of a wide variety of products. Trinity Industries, Inc., is traded on the New York Stock Exchange under the symbol TRN. The company is headquartered is Dallas, Texas. “

Several other analysts have also recently commented on the company…..

  • Stifel Nicolaus set a $40.00 target price on Trinity Industries and gave the company a “buy” rating in a report on Friday, February 9th.
  • Cowen increased their price target on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th.
  • Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, January 2nd.
  • Susquehanna Bancshares raised Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th.
  •  Seaport Global Securities started coverage on Trinity Industries in a research report on Thursday, January 4th. They set a “neutral” rating for the company.
  • Finally, ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th.

Shares of Trinity Industries have earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.50.

Institutional investors that have recently made a change to their positions in the stock….

  • ValueAct Holdings L.P. raised its holdings in shares of Trinity Industries by 10.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock valued at $550,438,000 after acquiring an additional 1,672,510 shares in the last quarter.
  • Vanguard Group Inc. grew its position in shares of Trinity Industries by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock worth $346,040,000 after buying an additional 78,124 shares during the last quarter.
  • Janus Henderson Group PLC grew its position in shares of Trinity Industries by 16.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after buying an additional 633,336 shares during the last quarter.
  • Finally, Jennison Associates LLC boosted its position in shares of Trinity Industries by 98.8% during the fourth quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock valued at $79,685,000 after purchasing an additional 1,056,986 shares in the last quarter.

Summary 

Trinity Industries has a market capitalization of $5,527.96, a price-to-earnings ratio of 24.28, a P/E/G ratio of 2.61 and a beta of 2.27. Trinity Industries has a 12-month low of $25.01 and a 12-month high of $38.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62.


Option Trade - - Whiting Petroleum Corp (NYSE:WLL) Calls

Tuesday, February 20, 2018

** OPTION TRADE: Buy WLL MARCH 16 2018 25.000 CALL at approximately $0.85 each. Sell price is left to your own judgment.

Option Trade - - Garmin Ltd. (NASDAQ:GRMN) Calls

Tuesday, February 20, 2018

** OPTION TRADE: Buy GRMN MARCH 16 2018 67.500 CALL at approximately $1.30 each. Sell price is left to your own judgment.

Domestic oil and gas explorer Whiting Petroleum Corp (NYSE:WLL) report its fourth-quarter earnings tomorrow, Wednesday, February 21, after the market closes. The current Consensus Estimate for the quarter under review is a loss of 32 cents on revenues of $417.2 million. WLL’s 4Q17 revenue is expected to be higher both on a year-over-year and sequential basis.

The higher revenue estimates for 4Q17 reflect a better crude oil price environment. Crude oil prices were averaging $55.39 per barrel in 4Q17 versus $49.33 in 4Q16. Crude oil made up 67% of WLL’s production in 3Q17. In fiscal 2017, analysts expect WLL to report revenue of $1.4 billion versus revenue of $1.3 billion in fiscal 2016.

In the preceding three-month period, the company beat the consensus mark by 30% on robust output and cost control.

As far as earnings surprises are concerned, the Denver, CO-based upstream operator is on a firm footing, having gone past the Consensus Estimate in each of the last four reports.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 70%. Revenue rose from -8% to 3%.

Whiting Petroleum is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WLL's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Whiting Petroleum could be a solid choice for this options trade.

In the past 30 days, seven estimates have gone higher for Whiting Petroleum while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 55 cents a share 30 days ago, to a loss of 36 cents today, a move of 34.5%.

Influencing Factors

It is believed that the improving oil price environment and strong production bode well for the company’s upcoming report.

Management had earlier guided fourth-quarter total production in the band of 11.3-11.9 million barrels of oil equivalent (MMBOE). Note that the current Consensus Estimate for the quarterly output is 11.62 MMBOE, at the midpoint of the company’s forecast range and above the 10.94 MMBOE reported in the year-ago quarter.

WLL expects its 4Q17 production to increase due to momentum from its well completions. The company completed 58 wells in the DJ Basin and 29 wells in the Williston Basin in 3Q17. The year-over-year rise in quarterly production could also explain higher expectations for 4Q17 revenues.

Meanwhile, analysts expect average realized oil price to rise 17.3% from the year-ago quarter to $47.10 per barrel.

Whiting Petroleum had its Relative Strength (RS) Rating upgraded from 76 to 85 recently. This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes. History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.

Analysts and Hedge Funds Opinions

Whiting Petroleum was upgraded by Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued on Thursday, February 1st.

Equities researchers at Imperial Capital issued their FY2019 earnings per share (EPS) estimates for Whiting Petroleum in a note issued to investors on Wednesday. Imperial Capital analyst J. Wangler forecasts that the oil and gas exploration company will post earnings of ($1.13) per share for the year. Imperial Capital has a “line” rating and a $30.00 price target on the stock.

Several other analysts have also recently commented on the company…..

  • Tudor Pickering raised Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, February 12th.
  • Morgan Stanley raised their price objective on Whiting Petroleum from $14.40 to $22.00 and gave the company a “sell” rating in a research note on Wednesday, January 24th.
  • Jefferies Group set a $29.00 price objective on Whiting Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 30th.
  • Cowen set a $35.00 target price on Whiting Petroleum and gave the company a “buy” rating in a research report on Thursday, January 18th.
  • Mizuho set a $32.00 target price on Whiting Petroleum and gave the company a “hold” rating in a research report on Tuesday, January 16th.
  • Finally, KeyCorp set a $35.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a report on Sunday, January 21st.

Whiting Petroleum has been assigned an average recommendation of “Hold” from the thirty-two ratings firms that are presently covering the firm. Six investment analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $35.63.

Institutional investors that have recently made a change to their positions in the stock….

  • Hotchkis & Wiley Capital Management LLC raised its position in shares of Whiting Petroleum by 44.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock worth $154,275,000 after acquiring an additional 8,737,870 shares during the last quarter.
  • Fine Capital Partners L.P. raised its position in shares of Whiting Petroleum by 23.7% during the third quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock worth $144,114,000 after acquiring an additional 5,057,592 shares during the last quarter.
  • Dimensional Fund Advisors LP raised its position in shares of Whiting Petroleum by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after acquiring an additional 4,483,396 shares during the last quarter.
  • Finally, Schneider Capital Management Corp raised its position in shares of Whiting Petroleum by 63.7% during the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after acquiring an additional 2,230,237 shares during the last quarter.

Summary

Whiting Petroleum has a market capitalization of $2,120.00, a price-to-earnings ratio of -3.25 and a beta of 3.33. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum has a fifty-two week low of $15.88 and a fifty-two week high of $47.00.


Garmin Ltd. (NASDAQ:GRMN), a leading provider of navigation, communication and information devices, will report fourth-quarter 2017 results before the bell tomorrow, February 21. Analysts expect Garmin to post earnings of $0.76 per share for the quarter. GRMN’s profit will be $140.63 million for 21.74 P/E if the $0.76 EPS becomes a reality.

Gross margin is projected to rise to 57.5% of sales for the full year to nearly set a record high for the GPS device specialist.

On average, analysts expect that Garmin will report full-year earnings of $2.90 per share for the current year, with EPS estimates ranging from $2.87 to $2.92. For the next fiscal year, analysts anticipate that the business will post earnings of $2.96 per share, with EPS estimates ranging from $2.86 to $3.03.

Garmin's recent impressive stock price performance  has been driven by its success at diversifying away from car dashboard GPS devices, which were almost completely displaced by smartphones.

Garmin's products are still enjoying solid demand. Its outdoor category, made up of popular, full-featured smartwatches, soared 31% in the third quarter and is expected to grow by 27% for the full year -- up from the prior expansion target of 25%. That gain, plus continued double-digit growth in the aviation and marine segments, should completely offset declines in fitness and automotive devices to allow sales to reach about $3.07 billion in 2017. That would mark a 2% improvement over the prior year.

Influencing Factors

The surprise history has been good in Garmin's case. Last quarter, the company delivered a positive earnings surprise of 13.6%. The company surpassed estimates in each of the trailing four quarters, with an average beat of 15.9%.

Shares of Garmin have gained 28.3% in the past 12 months, outperforming the industry 's 21.7% rally.

Expectations:

  • The Marine segment is likely to improve year over year driven by positive contributions from acquisition of Active Corporation. The Consensus Estimate for this segment's revenues is pegged at $75 million. In the third quarter, Garmin's Marine segment increased 28.8% from the prior-year quarter.
  • The Aviation segment is expected to perform well this time around as Garmin continues to see strong sales of aftermarket products and positive contributions from OEM products. The Consensus Estimate for this segment's revenues is pegged at $128 million. The Aviation segment's third-quarter revenues increased 16% year over year.
  • The Outdoor segment will likely carry on the momentum of the third quarter; this segment is expected to record further improvement in the quarter and in the remainder of the year. Growth will be driven by robust demand for wearables. The Consensus Estimate for Outdoor segment revenues is pegged at $210 million.
  • The Fitness segment decreased 11.6% year over year and the decline is expected to continue due to persistent low volumes in basic activity trackers. The Consensus Estimate for Fitness segment revenues is pegged at $266 million.
  • The Auto/Mobile segment has been declining for the past several quarters and the trend will continue given secular decline in personal navigation device (PND) market that offset, at times, almost entirely, the growth in other segments. The Consensus Estimate for this segment's revenues stands at $195 million.

Analysts and Hedge Funds Opinions

BidaskClub upgraded shares of Garmin from a hold rating to a buy rating in a report published on Thursday, February 8th.

Several other analysts have also recently commented on the company…..

  • Credit Suisse Group restated an underperform rating and set a $58.00 price target (up from $48.00) on shares of Garmin in a research report on Tuesday, December 12th.
  • ValuEngine upgraded Garmin from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
  • Zacks Investment Research upgraded shares of Garmin from a hold rating to a buy rating and set a $68.00 target price on the stock in a report on Thursday, January 4th.
  • Tigress Financial reiterated a buy rating on shares of Garmin in a report on Friday, December 15th.
  • Finally, Morgan Stanley boosted their target price on shares of Garmin from $52.00 to $57.00 and gave the stock an equal weight rating in a report on Thursday, November 2nd.

Institutional investors that have recently made a change to their positions in the stock….

  • Compagnie Lombard Odier SCmA grew its position in Garmin by 25.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 90,700 shares of the scientific and technical instruments company’s stock valued at $5,403,000 after purchasing an additional 18,337 shares in the last quarter.
  • Disciplined Growth Investors Inc. MN grew its position in Garmin by 0.6% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,624,085 shares of the scientific and technical instruments company’s stock valued at $96,747,000 after purchasing an additional 9,409 shares in the last quarter.
  • Gotham Asset Management LLC grew its position in Garmin by 16.7% during the fourth quarter. Gotham Asset Management LLC now owns 329,969 shares of the scientific and technical instruments company’s stock valued at $19,656,000 after purchasing an additional 47,218 shares in the last quarter.
  • Assenagon Asset Management S.A. grew its stake in Garmin by 1,755.1% in the 4th quarter. The institutional investor owned 178,643 shares of the scientific and technical instruments company’s stock after buying an additional 169,013 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Garmin worth $10,642,000 at the end of the most recent reporting period. 
Summary

If GRMN hits its latest full-year guidance, Garmin's $3.07 billion of revenue will surpass the $3.02 billion that management initially targeted a year ago. Its profit metrics should come in ahead of that early forecast, too, with gross margin of 57.5% beating the 56% target and earnings per share of $2.90 trouncing the $2.65 executives had predicted.

That impressive result would likely give Pemble and his team room to issue an aggressive profit growth outlook for 2018. After all, its product sales are shifting toward high-margin devices like smartwatches even as the shrinking automotive segment becomes a smaller and smaller drag on overall results -- that's a formula for sustainable earnings gains.

Garmin has a market capitalization of $12,226.88, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94. Garmin has a twelve month low of $48.50 and a twelve month high of $65.51.


Option Trade - - MGM Resorts International (NYSE:MGM) Calls

Monday, February 19, 2018

** OPTION TRADE: Buy MGM MARCH 16 2018 36.000 CALL at approximately $0.70 each. Sell price is left to your own judgment.

MGM Resorts International (NYSE:MGM), is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage, ) is expected to report its fourth-quarter numbers before the market opens tomorrow, February 20. The street expects the company to show a positive earnings surprise with analysts forecasting quarterly earnings of $0.07 per share, up from $0.04 during the same period last year.

Overall earnings estimates have been revised higher since the company's last earnings release; and the stock has risen 3.5% since the beginning of the year.

The company's strong business model, extensive non-gaming revenue opportunities, high quality assets and attractive property locations are likely to drive the top line in the fourth quarter.

Strong sales-building initiatives like digital technology maximization, opening of resorts and providing non-gaming activities when coupled with a robust presence, are favoring the top line.

Influencing Factors

Occupancy rates for MGM hotels are projected to grow to 95.2% from 92%, according to analysis by Trefis. This comes at a time when average daily rates—a key industry measure—are expected to jump to $217 per room from $131.

U.S. hotels account for some 35.8% of the company’s operations while the Macau operations represent some 21.5%—a percentage that might get larger with last week’s opening of the second Macau property. U.S. slot games make up the third largest piece of MGM’s operations, at 17.8%.

MGM operations have been growing with more global hotels and resorts, but the U.S. hotel groups still dominate the company’s operations. Macau’s operations, representing nearly a quarter of the company’s operations, are expected to expand with this week’s opening of a second hotel and resort there.

MGM Cotai will greatly expand the company's presence in Macau with 1,400 hotel rooms, a 2,000-seat theater, and over 300 pieces of contemporary art. And at a cost of $3.4 billion, it's a big bet on the region.

Most importantly, MGM Cotai gives MGM Resorts a presence in the lucrative Cotai region of Macau, where the most profitable resorts in Macau are located. Here's a look at both the opportunity and the risks of the project.

MGM Resorts utilizes various types of technology to maximize revenues and efficiency in operations. The company continues to adopt ways that drive bookings. To this end, MGM Resorts implemented an M life Rewards program for its customers at domestic resorts that can be redeemed at restaurants, box offices or M life front desk at participating properties to ensure guest loyalty. Moreover, MGM Macau's loyalty program, Golden Lion Club meets the needs of a range of customers. Also, the company's website, mlife.com continues to generate substantial revenues.

The company's strong domestic presence and improving tourism market in Las Vegas is also aiding the top line. Apart from gaming services, the company also includes hotel, food, beverage and entertainment that attract greater number of customers and drive revenues. These initiatives are likely to reflect in the to-be-reported quarter's revenues.

Analysts and Hedge Funds Opinions

Zacks Investment Research upgraded shares of MGM Resorts International from a hold rating to a buy rating in a research report published on Monday, February 5th. Zacks Investment Research currently has $40.00 target price on the stock.

According to Zacks, “MGM Resorts’ strong portfolio, new resort openings, a few other entertainment offerings in the pipeline and focus on non-gaming activities bode well for long-term growth. Shares of the company outperformed its industry in the past three months. Revival of gaming revenues in Macau is also a huge positive. Estimates are stable ahead of the company's fourth quarter earnings release.”

JP Morgan’s analyst also suggested that Macau’s VIP gaming revenues rose a jaw-dropping 50% year over year

Macau’s January gaming revenues shot up an amazing 36% year over year. This torrid growth rate blew away the 27% consensus analyst estimates for the month.

Several other analysts have also recently commented on the company…..

  • JPMorgan Chase & Co. boosted their price target on shares of MGM Resorts International from $39.00 to $40.00 and gave the company an overweight rating in a research report on Wednesday, November 1st.
  • Stifel Nicolaus restated a hold rating and issued a $36.00 price objective (up from $33.00) on shares of MGM Resorts International in a research note on Thursday, November 9th.
  • Jefferies Group assumed coverage on shares of MGM Resorts International in a research note on Thursday, January 18th. They issued a buy rating and a $43.00 price objective on the stock.
  •  Nomura dropped their price target on shares of MGM Resorts International from $38.00 to $37.00 and set a buy rating on the stock in a research note on Wednesday, November 1st.
  •  Finally, Morgan Stanley set a $34.00 price target on shares of MGM Resorts International and gave the stock a buy rating in a research note on Friday, October 13th.

Shares of MGM Resorts International have earned a consensus recommendation of “Buy” from the twenty analysts that are covering the firm. Five equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.77.

Institutional investors that have recently made a change to their positions in the stock….

  • Canyon Capital Advisors LLC increased its holdings in shares of MGM Resorts International by 8.9% in the second quarter. Canyon Capital Advisors LLC now owns 19,402,345 shares of the company’s stock valued at $607,099,000 after purchasing an additional 1,583,585 shares during the period.
  • State Street Corp increased its holdings in shares of MGM Resorts International by 1.0% in the second quarter. State Street Corp now owns 8,934,495 shares of the company’s stock valued at $279,564,000 after purchasing an additional 92,329 shares during the period.
  •  PointState Capital LP acquired a new position in shares of MGM Resorts International in the second quarter valued at about $239,347,000.
  • Iridian Asset Management LLC CT increased its holdings in shares of MGM Resorts International by 13.4% in the third quarter. Iridian Asset Management LLC CT now owns 6,961,786 shares of the company’s stock valued at $226,885,000 after purchasing an additional 823,891 shares during the period.
  • Finally, Maverick Capital Ltd. acquired a new position in shares of MGM Resorts International in the second quarter valued at about $215,381,000.

 Insider News……

Director Sean Charland bought 25,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of $22.50 per share, with a total value of $562,500.00.

Summary

The new Macau casino should power MGM China’s operating results up sharply this year. And Wynn’s stumbles could be a gold mine for MGM.

MGM Resorts International has a fifty-two week low of $25.15 and a fifty-two week high of $38.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market capitalization of $19,510.00, a P/E ratio of 33.79, a PEG ratio of 6.05 and a beta of 1.43.

 





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