As Pfizer (PFE) Shares Declined, Holder Alpha Cubed Investments Lowered Its Holding by $361,086; Penn Capital Management Co Maintains Position in Mgm Mirage (MGM)

October 12, 2017 - By reb123z

Scott A. Bedford increased its stake in Mgm Mirage (MGM) by 137.03% based on its latest 2017Q2 regulatory filing with the SEC. Penn Capital Management Co Inc bought 39,228 shares as the company’s stock rose 17.48% with the market. The hedge fund run by Scott A. Bedford held 67,855 shares of the hotels and resorts company at the end of 2017Q2, valued at $2.16M, up from 28,627 at the end of the previous reported quarter. Penn Capital Management Co Inc who had been investing in Mgm Mirage for a number of months, seems to be bullish on the $17.62B market cap company. The stock declined 0.07% or $0.02 reaching $30.05 on the news. About 11.89 million shares traded or 23.21% up from the average. MGM Resorts International (NYSE:MGM) has risen 45.28% since October 12, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

Alpha Cubed Investments Llc decreased its stake in Pfizer Inc (PFE) by 26.06% based on its latest 2017Q2 regulatory filing with the SEC. Alpha Cubed Investments Llc sold 10,942 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 31,044 shares of the health care company at the end of 2017Q2, valued at $1.04 million, down from 41,986 at the end of the previous reported quarter. Alpha Cubed Investments Llc who had been investing in Pfizer Inc for a number of months, seems to be less bullish one the $217.12 billion market cap company. The stock decreased 0.26% or $0.1 during the last trading session, reaching $36.35. About 13.73 million shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since October 12, 2016 and is downtrending. It has underperformed by 19.46% the S&P500.




More notable recent MGM Resorts International (NYSE:MGM) news were published by: Cnbc.com which released: “Analyst downgrades MGM Resorts, cuts estimates after Las Vegas attack” on October 03, 2017, also Courant.com with their article: “MGM Springfield On Track To Open In Year, Details Emerging” published on September 28, 2017, Reviewjournal.com published: “MGM Resorts shelves marketing in response to Las Vegas shooting” on October 05, 2017. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Marketwatch.com and their article: “MGM Resorts stock falls 3% after shooting at Mandalay Bay in Las Vegas” published on October 02, 2017 as well as Fool.com‘s news article titled: “MGM Resorts International is now a cash flow machine” with publication date: September 16, 2017.

Among 13 analysts covering MGM Resorts (NYSE:MGM), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. MGM Resorts had 45 analyst reports since August 5, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $38 target in Friday, April 28 report. Zacks downgraded the shares of MGM in report on Wednesday, August 5 to “Hold” rating. UBS upgraded MGM Resorts International (NYSE:MGM) on Monday, November 2 to “Buy” rating. The firm has “Buy” rating by Argus Research given on Thursday, October 6. The firm has “Buy” rating by Goldman Sachs given on Wednesday, April 5. The rating was initiated by Buckingham Research with “Buy” on Thursday, August 11. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, July 28 report. On Friday, May 6 the stock rating was initiated by Morgan Stanley with “Overweight”. The stock of MGM Resorts International (NYSE:MGM) has “Overweight” rating given on Tuesday, October 13 by JP Morgan. The company was maintained on Wednesday, August 30 by Stifel Nicolaus.

Penn Capital Management Co Inc, which manages about $7.64 billion and $1.34B US Long portfolio, decreased its stake in Habit Restaurants Inc by 84,947 shares to 237,396 shares, valued at $3.75 million in 2017Q2, according to the filing. It also reduced its holding in C&J Energy Svcs Inc New by 12,651 shares in the quarter, leaving it with 16,889 shares, and cut its stake in Match Group Inc.

Since May 1, 2017, it had 0 buys, and 9 sales for $3.33 million activity. On Monday, May 15 SANDERS COREY IAN sold $677,570 worth of MGM Resorts International (NYSE:MGM) or 21,441 shares. Shares for $369,247 were sold by TAYLOR DANIEL J. The insider McManus John sold $312,773. The insider Mandekic Anthony Leo sold $370,375. Another trade for 880 shares valued at $27,236 was made by Mckinney-James Rose on Wednesday, May 3. $181,743 worth of MGM Resorts International (NYSE:MGM) shares were sold by BIBLE WILLIAM A.

Investors sentiment decreased to 1.01 in 2017 Q2. Its down 0.22, from 1.23 in 2017Q1. It dropped, as 45 investors sold MGM shares while 137 reduced holdings. 66 funds opened positions while 117 raised stakes. 425.76 million shares or 3.24% more from 412.40 million shares in 2017Q1 were reported. Nordea Investment Ab reported 15,493 shares stake. Marathon Trading Inv Mgmt Lc holds 0.28% or 48,400 shares. Silver Cap Management Ltd Llc invested 2.29% in MGM Resorts International (NYSE:MGM). Trexquant Invest Lp holds 0.09% or 9,987 shares in its portfolio. Croft, a Alabama-based fund reported 198,185 shares. The United Kingdom-based Aberdeen Asset Mgmt Public Lc Uk has invested 0.01% in MGM Resorts International (NYSE:MGM). Gam Hldg Ag holds 0.01% of its portfolio in MGM Resorts International (NYSE:MGM) for 15,986 shares. Moreover, Shell Asset Mgmt has 0.02% invested in MGM Resorts International (NYSE:MGM) for 29,901 shares. Parametric Portfolio Ltd has invested 0.02% in MGM Resorts International (NYSE:MGM). Cambridge Inc, a Iowa-based fund reported 17,994 shares. Consolidated Group Inc Limited Company accumulated 165,273 shares. Bessemer Grp holds 0% of its portfolio in MGM Resorts International (NYSE:MGM) for 574 shares. Regentatlantic Ltd Liability Corp holds 34,700 shares or 0.1% of its portfolio. Cambiar Investors Ltd Liability Company has 1.36 million shares. Us Commercial Bank De, Minnesota-based fund reported 54,757 shares.

Alpha Cubed Investments Llc, which manages about $320.00M and $582.43M US Long portfolio, upped its stake in Goldman Sachs Group Inc (NYSE:GS) by 10,465 shares to 11,961 shares, valued at $2.65M in 2017Q2, according to the filing. It also increased its holding in Chemical Finl Corp (NASDAQ:CHFC) by 8,616 shares in the quarter, for a total of 19,295 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

Among 20 analysts covering Pfizer (NYSE:PFE), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. Pfizer had 58 analyst reports since July 29, 2015 according to SRatingsIntel. S&P Research maintained Pfizer Inc. (NYSE:PFE) rating on Wednesday, October 28. S&P Research has “Hold” rating and $40 target. On Tuesday, September 13 the stock rating was maintained by Jefferies with “Buy”. On Wednesday, November 25 the stock rating was upgraded by Suntrust Robinson to “Neutral”. The rating was maintained by Piper Jaffray on Friday, August 14 with “Buy”. As per Friday, April 7, the company rating was maintained by Morgan Stanley. As per Thursday, April 7, the company rating was reinitiated by JP Morgan. Leerink Swann maintained Pfizer Inc. (NYSE:PFE) on Monday, May 2 with “Market Perform” rating. As per Thursday, April 7, the company rating was maintained by Jefferies. On Monday, August 14 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, August 1.

Investors sentiment decreased to 0.94 in 2017 Q2. Its down 0.01, from 0.95 in 2017Q1. It worsened, as 58 investors sold PFE shares while 716 reduced holdings. 112 funds opened positions while 612 raised stakes. 4.02 billion shares or 1.07% less from 4.06 billion shares in 2017Q1 were reported. St Johns Mgmt Limited Liability Corporation stated it has 0.94% in Pfizer Inc. (NYSE:PFE). Bowling Management Limited Co holds 0.24% or 48,397 shares in its portfolio. Dynamic Capital Mgmt Limited owns 1.55% invested in Pfizer Inc. (NYSE:PFE) for 204,491 shares. Boston Advisors Limited Liability Co has 444,413 shares for 0.34% of their portfolio. Dnb Asset Mngmt As has invested 0% in Pfizer Inc. (NYSE:PFE). The Kentucky-based Argi Services Limited has invested 0.13% in Pfizer Inc. (NYSE:PFE). First Mercantile Trust has invested 0.14% of its portfolio in Pfizer Inc. (NYSE:PFE). Dsam Prtn (London) Ltd invested in 0.35% or 58,496 shares. Centurylink Mngmt Co, Colorado-based fund reported 108,770 shares. 40,000 are held by Kamunting Street Cap Mngmt Lp. First Foundation has 2.95% invested in Pfizer Inc. (NYSE:PFE). Wharton Business Ltd Company accumulated 9,098 shares. The New York-based Genesee Valley Trust Company has invested 0.74% in Pfizer Inc. (NYSE:PFE). Sterling Capital Management Llc holds 2.11 million shares or 0.69% of its portfolio. Roffman Miller Pa holds 0.07% of its portfolio in Pfizer Inc. (NYSE:PFE) for 14,560 shares.

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