Concourse Capital Management Has Lowered Its Holding in Mgm Resorts International (MGM) as Stock Rose; Atria Investments Has Raised Holding in Aflac (AFL)

May 18, 2018 - By Adrian Mccoy

MGM Resorts International (NYSE:MGM) Logo

Concourse Capital Management Llc decreased its stake in Mgm Resorts International (MGM) by 33.2% based on its latest 2017Q4 regulatory filing with the SEC. Concourse Capital Management Llc sold 97,744 shares as the company’s stock rose 4.56% while stock markets declined. The hedge fund held 196,690 shares of the hotels and resorts company at the end of 2017Q4, valued at $6.57 million, down from 294,434 at the end of the previous reported quarter. Concourse Capital Management Llc who had been investing in Mgm Resorts International for a number of months, seems to be less bullish one the $17.90B market cap company. The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.14. About 243,791 shares traded. MGM Resorts International (NYSE:MGM) has risen 31.15% since May 18, 2017 and is uptrending. It has outperformed by 19.60% the S&P500.




Atria Investments Llc increased its stake in Aflac Inc (AFL) by 10.99% based on its latest 2017Q4 regulatory filing with the SEC. Atria Investments Llc bought 4,628 shares as the company’s stock declined 0.29% with the market. The institutional investor held 46,752 shares of the accident &health insurance company at the end of 2017Q4, valued at $4.10 million, up from 42,124 at the end of the previous reported quarter. Atria Investments Llc who had been investing in Aflac Inc for a number of months, seems to be bullish on the $35.26 billion market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $45.54. About 187,341 shares traded. Aflac Incorporated (NYSE:AFL) has risen 21.05% since May 18, 2017 and is uptrending. It has outperformed by 9.50% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.58, from 1.53 in 2017Q3. It is negative, 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. 159,719 are held by Calamos Wealth Mgmt Lc. Wellington Llp accumulated 79,910 shares. Rothschild Invest Il holds 0.07% or 20,000 shares. Central Savings Bank & Communication accumulated 9,902 shares. State Common Retirement Fund holds 0.05% or 1.34 million shares in its portfolio. Financial Svcs invested in 35 shares. Qs Ltd Liability Corporation invested 0% in MGM Resorts International (NYSE:MGM). America First Invest Ltd stated it has 0% in MGM Resorts International (NYSE:MGM). Ontario – Canada-based Td Asset Management Inc has invested 0.02% in MGM Resorts International (NYSE:MGM). Ssi Invest Management accumulated 0.02% or 6,314 shares. Texas Permanent School Fund reported 0.06% in MGM Resorts International (NYSE:MGM). Barclays Plc reported 0.1% stake. Jpmorgan Chase & stated it has 0.02% in MGM Resorts International (NYSE:MGM). Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 24,792 shares. Raymond James Advsr holds 45,503 shares.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on July, 26. They expect $0.27 earnings per share, down 12.90% or $0.04 from last year’s $0.31 per share. MGM’s profit will be $150.33M for 29.76 P/E if the $0.27 EPS becomes a reality. After $0.34 actual earnings per share reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -20.59% negative EPS growth.

More notable recent MGM Resorts International (NYSE:MGM) news were published by: Seekingalpha.com which released: “4 Gaming Stocks For Second Half Of 2018” on May 17, 2018, also Seekingalpha.com with their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018, Seekingalpha.com published: “MGM Resorts fires off new $2B buyback plan” on May 11, 2018. More interesting news about MGM Resorts International (NYSE:MGM) were released by: Fool.com and their article: “Where MGM Resorts Went Wrong (And Why You Shouldn’t Worry)” published on May 02, 2018 as well as Bizjournals.com‘s news article titled: “Legal sports betting is coming and DC’s top investors are all in” with publication date: May 14, 2018.

Among 18 analysts covering MGM Resorts (NYSE:MGM), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. MGM Resorts had 67 analyst reports since August 5, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of MGM in report on Friday, October 30 with “Buy” rating. On Tuesday, March 13 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Outperform” rating by Telsey Advisory Group on Friday, December 9. The rating was maintained by Stifel Nicolaus on Wednesday, August 5 with “Buy”. The stock of MGM Resorts International (NYSE:MGM) earned “Hold” rating by Zacks on Wednesday, August 5. The firm has “Buy” rating by UBS given on Monday, June 20. The company was maintained on Wednesday, November 1 by Nomura. The firm earned “Outperform” rating on Tuesday, November 8 by Telsey Advisory Group. The stock has “Hold” rating by Susquehanna on Thursday, February 15. Stifel Nicolaus maintained MGM Resorts International (NYSE:MGM) on Wednesday, February 21 with “Hold” rating.

Since February 22, 2018, it had 1 buy, and 7 selling transactions for $5.19 million activity. Another trade for 23,134 shares valued at $848,588 was made by SANDERS COREY IAN on Monday, March 12. HERMAN ALEXIS had sold 3,840 shares worth $121,551 on Monday, April 30. $1.26 million worth of MGM Resorts International (NYSE:MGM) shares were sold by D’ARRIGO DANIEL. 60,000 shares valued at $2.18 million were sold by HORNBUCKLE WILLIAM on Friday, March 9. $35,500 worth of stock was bought by GROUNDS WILLIAM WARWICK on Wednesday, March 14. TAYLOR DANIEL J sold $434,632 worth of MGM Resorts International (NYSE:MGM) on Thursday, February 22.

Concourse Capital Management Llc, which manages about $220.65 million and $173.98 million US Long portfolio, upped its stake in Air Lease Corp (NYSE:AL) by 22,391 shares to 66,646 shares, valued at $3.21M in 2017Q4, according to the filing. It also increased its holding in Aercap Holdings Nv (NYSE:AER) by 18,705 shares in the quarter, for a total of 54,725 shares, and has risen its stake in Deutsche Bank Ag (NYSE:DB).

Atria Investments Llc, which manages about $2.88 billion and $2.01B US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VWO) by 626,749 shares to 437,552 shares, valued at $20.09 million in 2017Q4, according to the filing. It also reduced its holding in Procter And Gamble Co (NYSE:PG) by 20,795 shares in the quarter, leaving it with 64,618 shares, and cut its stake in Ishares Tr (IVW).

Among 22 analysts covering Aflac Incorporated (NYSE:AFL), 5 have Buy rating, 2 Sell and 15 Hold. Therefore 23% are positive. Aflac Incorporated had 60 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Wednesday, August 19 by Bank of America. The rating was maintained by RBC Capital Markets with “Sell” on Monday, October 9. The company was maintained on Thursday, October 26 by SunTrust. The firm has “Equal Weight” rating given on Monday, July 3 by Barclays Capital. The rating was downgraded by FBR Capital on Tuesday, May 10 to “Market Perform”. The stock of Aflac Incorporated (NYSE:AFL) has “Hold” rating given on Thursday, April 5 by Sandler O’Neill. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets. As per Thursday, September 10, the company rating was upgraded by Citigroup. Credit Suisse initiated the shares of AFL in report on Friday, October 7 with “Underperform” rating. The rating was upgraded by Bruyette & Woods;KBW; KBW” to “Mkt Perform” on Thursday, August 27.

Another recent and important Aflac Incorporated (NYSE:AFL) news was published by Seekingalpha.com which published an article titled: “Aflac: Excellent Management Offers 50% Upside” on May 17, 2018.

Since February 16, 2018, it had 2 insider purchases, and 4 selling transactions for $2.81 million activity. Another trade for 10,000 shares valued at $437,155 was sold by KNAPP CHARLES B. $49,022 worth of Aflac Incorporated (NYSE:AFL) shares were bought by MOSKOWITZ JOSEPH L. AMOS DANIEL P also sold $2.24 million worth of Aflac Incorporated (NYSE:AFL) on Friday, February 16. HOWARD JUNE P sold $239,194 worth of Aflac Incorporated (NYSE:AFL) on Wednesday, February 28. 1,300 shares valued at $117,123 were sold by TILLMAN AUDREY B on Wednesday, February 28.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.17, from 0.89 in 2017Q3. It increased, as 41 investors sold AFL shares while 286 reduced holdings. 95 funds opened positions while 250 raised stakes. 256.45 million shares or 2.31% more from 250.65 million shares in 2017Q3 were reported. American Savings Bank invested in 84,330 shares or 2.09% of the stock. South Texas Money Mgmt Ltd reported 2,803 shares stake. Associated Banc reported 0.03% of its portfolio in Aflac Incorporated (NYSE:AFL). Integral Derivatives Ltd Limited Liability Company invested in 0% or 2,455 shares. Aqr Mngmt Lc reported 0.59% in Aflac Incorporated (NYSE:AFL). Regentatlantic Cap Ltd Com reported 0.17% of its portfolio in Aflac Incorporated (NYSE:AFL). Caisse De Depot Et Placement Du Quebec holds 0.01% or 44,062 shares in its portfolio. Washington Trust Bancorp reported 1,667 shares stake. Prelude Management Ltd Llc holds 0.01% in Aflac Incorporated (NYSE:AFL) or 1,680 shares. Great West Life Assurance Can invested in 0.2% or 981,403 shares. Mitchell Mcleod Pugh & Williams stated it has 8,233 shares. Pggm Invests reported 0.25% of its portfolio in Aflac Incorporated (NYSE:AFL). 67,239 were reported by Leuthold Group Ltd Liability. Proshare Ltd Liability has invested 0.55% of its portfolio in Aflac Incorporated (NYSE:AFL). Hm Payson And holds 1.36% of its portfolio in Aflac Incorporated (NYSE:AFL) for 385,939 shares.

MGM Resorts International (NYSE:MGM) Institutional Positions Chart

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